Japan Real Estate
No Longer ListedCondominium

City Towers Tokyo Bay Central Tower

Ariake 2-chome, Koto-ku, Tokyo
Asking Price
¥200,000,000
Est. Net Yield: 2.13%

No Longer Listed

This property is no longer listed and is not currently available. The details remain here for reference.

City Towers Tokyo Bay Central Tower - 1/7
1 / 7

Executive Summary

City Towers Tokyo Bay Central Tower is a high-rise condominium located in Ariake 2-chome, Koto-ku, Tokyo. Ariake Station on the Yurikamome Line is located nearby. The surrounding area features large commercial facilities and green spaces. The building is equipped with common facilities and a security system.

Property Details

Building Area
70.4 ㎡
Structure
RC
Built Year
2019
Floors
Floor 26 of 33
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥4,820,000
Transport
  • Ariake Station
    Yurikamome
    Walk 4 min
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Location & Map

Investment Analysis

Est. Gross Yield2.41%
Est. Net Yield2.13%

This property is currently leased, but the current rent is not available, so this figure is estimated from market rents. The actual current 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
2.41%
Est. Net Yield
1.87%
If sold after 10 years (before tax)
Annual return (IRR)
1.0%
Net gain
+¥19,910,000
Gain on total investment +9.3%
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¥200,000,000+¥4,000,000¥-16,100,000-7.5%-7.5%
2yr¥200,000,000+¥8,000,000¥-12,100,000-5.7%-2.9%
3yr¥200,000,000+¥12,000,000¥-8,100,000-3.8%-1.3%
4yr¥200,000,000+¥16,000,000¥-4,100,000-1.9%-0.5%
5yr¥200,000,000+¥20,000,000¥-100,0000.0%0.0%
6yr¥200,000,000+¥24,000,000+¥3,900,000+1.8%0.3%
7yr¥200,000,000+¥28,010,000+¥7,900,000+3.7%0.6%
8yr¥200,000,000+¥32,010,000+¥11,900,000+5.6%0.7%
9yr¥200,000,000+¥36,010,000+¥15,900,000+7.5%0.9%
10yr¥200,000,000+¥40,010,000+¥19,910,000+9.3%1.0%

Assumptions

  • Total investment ¥213,376,000 (price ¥200,000,000 + purchase costs ¥13,376,000)
  • Management fee and repair reserve: ¥552,960 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.)
¥13,376,000
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥6,666,000
Real Estate Acquisition Tax (est., rate varies by property type)¥3,600,000
Registration License Tax (title transfer)¥1,800,000
Stamp Duty (purchase agreement)¥60,000
Judicial Scrivener & Other Fees (est.)¥1,250,000

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

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