For SaleCondominium

Park Homes Bunkyo Koishikawa Hill Terrace

Koishikawa 2-chome, Bunkyo-ku, Tokyo
Asking Price
¥239,800,000
Est. Net Yield: 1.76%
Park Homes Bunkyo Koishikawa Hill Terrace - 1/9
1 / 9

Executive Summary

This property is located on the 5th floor of a 12-story reinforced concrete (RC) condominium built in January 2023, situated in Koishikawa 2-chome, Bunkyo-ku, Tokyo. Access is a 3-minute walk to Korakuen Station on the Tokyo Metro Namboku Line, a 3-minute walk to Kasuga Station on the Toei Oedo Line, and a 12-minute walk to Suidobashi Station on the Sobu-Chuo Local Line. The unit's floor area is 75.1 sqm, with a balcony area of 6.38 sqm, and the floor plan is 2SLDK. Main facilities and features include a garbage disposer, dishwasher, water purifier, bathroom dryer, reheating function, walk-in closet, and trunk room. Land rights are ownership, and the zoning is Category I Residential Zone and Commercial Zone. The current status is occupied, with handover scheduled for late December 2026.

Property Details

Building Area
75.1 ㎡
Layout
2SLDK
2 bedrooms + storage room + living, dining & kitchen
Structure
RC
Built Year
2023
Floors
Floor 5 of 12
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥5,250,000
Transport
  • Korakuen Station
    Tokyo Metro Namboku Line
    Walk 3 min
  • Kasuga Station
    Toei Oedo Line
    Walk 3 min
  • Suidobashi Station
    Chuo-Sobu Line (Local)
    Walk 12 min
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Occupied by the seller
Handover
Planned: December 2026 late

Land & legal restrictions

Land rights
Freehold
Zoning
Category 1 residential zone / Commercial zone

Costs besides the price

Other costs
インターネット使用料: ¥1,650 per month

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
三井不動産レジデンシャルサービ
Owners' association
Yes

Utilities & nearby

Gas
City gas
Water
Public water supply
Drainage
Public sewer

Please confirm the details in the explanation of important matters before purchase.

Around the property

This summarizes expected hazards, past disaster records, designated hazard zones, city planning, the surroundings (stations, schools, medical facilities and more), population, land prices and transactions around the property, based on data from Japan's Ministry of Land, Infrastructure, Transport and Tourism. The position is estimated from the address, so it can differ from the actual lot near the edge of an area. Hazard areas and records shown are only those published by national and local governments; being outside a published area, or not finding a record, does not mean damage cannot occur. Please confirm details on the municipality's hazard map and in the explanation of important matters given at the time of purchase.

Expected hazards nearby

Flood (maximum expected scale)
Not within a published hazard areaFlooding from rivers without a published assessment, and flooding caused by overwhelmed drainage, is not included.
Storm surge
Not within a published hazard area
Tsunami
Not within a published hazard area
Landslide
Not within a published hazard area
Liquefaction
Unlikely to liquefyA tendency for each grid cell of about 250 m, based on landform. It is not an assessment of the lot itself.

Please check your municipality's hazard map for details.

Past disaster records

Published records
No published record was found at this point or within about 300 m

This covers past disaster records published by national and local governments. Not finding a record does not mean that no disaster occurred.

Designated hazard zones

Steep slope failure hazard zone / Landslide prevention zone / Disaster hazard zone / Large-scale fill land
Not included in the published zones

This covers designated zones and maps published by national and local governments. Building and other restrictions may apply inside a zone. Please confirm the details with the municipality and in the explanation of important matters.

City planning

Urbanization zoning
Urbanization promotion area (designated for urban development)
Zoning (use district)
Commercial zone
Floor area ratio · Building coverage ratio
Floor area ratio 600% · Building coverage ratio 80%
Fire protection district
Fire prevention district

Because the position is approximate, this may differ from the designation of the lot itself. Please confirm the actual designation in the explanation of important matters.

Surroundings

後楽園 (東京地下鉄)
About 99,051 passengers per day (FY2023)About 180 m in a straight line
春日 (東京都)
About 67,327 passengers per day (FY2023)About 330 m in a straight line
水道橋 (東京都)
About 44,674 passengers per day (FY2023)About 660 m in a straight line
Public elementary school district
礫川小学校 (文京区立)School districts are set by the municipality and may change.
Nearest elementary school
文京区立礫川小学校About 290 m in a straight line
Nearest junior high school
文京区立第三中学校About 250 m in a straight line
Nearest high school
中央大学高等学校About 80 m in a straight line
Nearest university, junior college or technical college
中央大学About 110 m in a straight line
Nurseries and kindergartens
Within 500 m: 13 / within 1 km: 35
Nearest hospital (within 1 km)
一般財団法人 慈愛病院About 780 m in a straight line / Hospitals within 1 km: 3
Clinics
Within 500 m: 18

Distances are straight-line distances from the property's location, not walking times. Passenger figures are the combined daily boardings and alightings published by the railway operator (annual average). Names of stations, schools and facilities are shown in Japanese.

Population outlook nearby

2025 (estimate)
about 1,272 people
2050 (estimate)
about 1,318 people (+3.7% vs 2025)
Share aged 65 and over
17.8% → 27.3% (2025 → 2050)

Data for a grid cell of about 250 m, based on estimates by the Ministry of Land, Infrastructure, Transport and Tourism (starting from the 2020 census). Because the cell is small, it can differ from actual numbers and does not represent the trend of the whole municipality.

Nearby land prices

Residential land · about 154 m
¥1,490,000/㎡Official land price (Land Price Publication) · 1/1/2026 (+16.4% vs last year)
Commercial land · about 296 m
¥4,670,000/㎡Prefectural land price survey · 7/1/2026 (+21.3% vs last year)
Commercial land · about 296 m
¥4,250,000/㎡Official land price (Land Price Publication) · 1/1/2026 (+21.4% vs last year)

Prices of representative lots selected by the national or prefectural government. They do not indicate the price or value of this property.

Nearby transactions

Overview (2025 Q1 – 2026 Q1)
213 records · median ¥1,550,000 per ㎡ (middle half: ¥1,250,000 – ¥1,888,889)Records for Koishikawa 2-chome, Bunkyo-ku (used condominiums etc.)

Recent records with a similar floor area

2026 Q1
¥200,000,000・85 ㎡・3LDK・built 2004Transaction price information (survey-based)
2026 Q1
¥210,000,000・65 ㎡・2LDK・built 2023Contract price information
2026 Q1
¥250,000,000・75 ㎡・3LDK・built 2023Contract price information
2026 Q1
¥130,000,000・80 ㎡・3LDK・built 2005Contract price information
2026 Q1
¥170,000,000・75 ㎡・3LDK・built 2019Contract price information

Records of actual transactions published by the Ministry of Land, Infrastructure, Transport and Tourism. They do not reflect individual circumstances such as floor, orientation or condition, and are not an evaluation of this property's price.

This service uses the API functions of the Real Estate Information Library of the Ministry of Land, Infrastructure, Transport and Tourism, but the timeliness, accuracy and completeness of the information provided are not guaranteed.

Source: Ministry of Land, Infrastructure, Transport and Tourism, Real Estate Information Library (国土交通省 不動産情報ライブラリ). Processed by us for the area around this property.Retrieved: 10/14/2026

Location & Map

Investment Analysis

Est. Gross Yield2.19%
Est. Net Yield1.76%

Calculated from an estimated rent. Actual rent may differ.

Net yield = (annual rent − management fee and repair reserve − property management fee (5.5% of rent)) ÷ (price + purchase costs). Property tax, vacancies and repair costs are not included.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
2.19%
Est. Net Yield
1.76%
If sold after 10 years (before tax)
Annual return (IRR)
0.9%
Net gain
+¥20,960,000
Gain on total investment +8.2%
Est. Property ValueCumulative Net IncomeNet gain

If sold at the end of each year (before tax)

YearEst. Property ValueCumulative Net IncomeNet gainGain on total investmentAnnual return (IRR)
1yr¥239,800,000+¥4,500,000¥-19,530,000-7.6%-7.6%
2yr¥239,800,000+¥9,000,000¥-15,030,000-5.9%-3.0%
3yr¥239,800,000+¥13,500,000¥-10,530,000-4.1%-1.4%
4yr¥239,800,000+¥18,000,000¥-6,030,000-2.4%-0.6%
5yr¥239,800,000+¥22,500,000¥-1,530,000-0.6%-0.1%
6yr¥239,800,000+¥27,000,000+¥2,970,000+1.2%0.2%
7yr¥239,800,000+¥31,490,000+¥7,470,000+2.9%0.4%
8yr¥239,800,000+¥35,990,000+¥11,960,000+4.7%0.6%
9yr¥239,800,000+¥40,490,000+¥16,460,000+6.4%0.7%
10yr¥239,800,000+¥44,990,000+¥20,960,000+8.2%0.9%

Assumptions

  • Total investment ¥255,789,400 (price ¥239,800,000 + purchase costs ¥15,989,400)
  • Management fee and repair reserve: ¥463,200 per year
  • Property management fee: 5.5% of rent (incl. tax)
  • Selling costs (brokerage fee and stamp duty) are deducted from the sale price
  • Taxes (income tax on rent, tax on capital gains, etc.), vacancies, property tax and repair costs are not included

This simulation is an estimate based on the inputs provided and does not guarantee future income or asset value. Actual results may vary due to market conditions, vacancy rates, and interest rates. Investment decisions are made at your own risk; we do not provide investment advisory or agency services.

CLOSING COSTS

Estimated Closing Cost Breakdown

Total Closing Costs (Est.)
¥15,989,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥7,979,400
Real Estate Acquisition Tax (est., rate varies by property type)¥4,310,000
Registration License Tax (title transfer)¥2,150,000
Stamp Duty (purchase agreement)¥60,000
Judicial Scrivener & Other Fees (est.)¥1,490,000

These are estimated costs. Property tax and other pro-rated amounts are calculated separately at closing.

Book from open times

Book a Private Viewing or Online Consultation

Choose from open times. Online consultations are confirmed right away and we send you a confirmation email. Live viewings from the property and in-person visits are confirmed after we check that the property can be viewed.

Apply online

Submit a Purchase Offer for This Property

Send us your preferred price and closing timing. We negotiate price and terms with the seller. After online identity verification (passport IC chip scan and proof of address) and the important-matters explanation (online), you e-sign the purchase agreement. You can follow the progress on your Dashboard.

Identity verification under Japan's Act on Prevention of Transfer of Criminal Proceeds (online check and a code sent by international registered mail)
Inquire