Overview of Tookanmanshon Ue Ookawa Mae (トーカンマンション上大川前)
Tookanmanshon Ue Ookawa Mae (トーカンマンション上大川前) is a 36-year-old condominium located at Niigatashi Chuuouku Ue Ookawa Mae Toori 3 Banchou 130-1 (新潟市中央区上大川前通3番町130-1), Niigata, Japan. Built in 1990, it comprises 36 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Ishii Kensetsu (石井建設).
Pricing & Floor Plans
Based on 44 past listings, prices have ranged from 250〜2,250万円 (approx. $16,667–$150,000 USD at ¥150/$).
Unit sizes range from 24.1–94.9 sqm (259–1021 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 1DK (1-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥26.2万/sqm (approx. $1,749/sqm or $162/sqft).
Location & Neighborhood
The property is located at Niigatashi Chuuouku Ue Ookawa Mae Toori 3 Banchou 130-1 (新潟市中央区上大川前通3番町130-1), Niigata, Japan. It is a 24-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 36 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
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