For SaleCondominiumLeasehold land

Itabashi Sky Plaza

Itabashi 4-chome, Itabashi-ku, Tokyo
  • 10th floor or higher
Asking Price
¥24,800,000
Est. Net Yield: 5.39%
Itabashi Sky Plaza - 1/2
1 / 2

Executive Summary

This 13th-floor unit is located in Itabashi Sky Plaza, a 14-story steel-framed reinforced concrete (SRC) condominium built in August 1971 in Itabashi 4-chome, Itabashi-ku, Tokyo. Access is a 3-minute walk from Shin-Itabashi Station on the Toei Mita Line and a 7-minute walk from Itabashi Station on the Saikyo Line. It has a 1LDK layout facing east, with a floor area of 47 sqm and a balcony area of 3.3 sqm. A renovation was completed in August 2026, and features include a system kitchen, reheating function, bathroom dryer, walk-in closet, and elevator. The land right is a superficies under the former law with a 60-year term (monthly land rent of 4,029 yen), and the zoning is Category I Medium-and-High-Rise Residential Zone and Category I Residential Zone. The property is currently vacant, and handover is immediate.

Property Details

Building Area
47.0 ㎡
Layout
1LDK
1 bedroom + living, dining & kitchen
Structure
SRC
Built Year
1971
Floors
Floor 13 of 14
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥1,520,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Vacant
Handover
Immediately

Land & legal restrictions

Land rights
Superficies right (former Act)
Ground rent
¥4,029 per month
Lease term
60 yr
Zoning
Category 1 mid/high-rise residential zone / Category 1 residential zone

Costs besides the price

Parking
None

Building management

Management type
Fully outsourced
Building manager
Daytime
Total units
144 units

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

Location & Map

Investment Analysis

Est. Gross Yield6.13%
Est. Net Yield5.39%

Calculated from an estimated rent. Actual rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
6.13%
Est. Net Yield
5.39%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥25,170,000+¥1,340,000¥1,710,0006.4%-0.1%
2yr¥25,550,000+¥2,670,000¥3,420,00012.9%3.2%
3yr¥25,930,000+¥4,010,000¥5,140,00019.4%4.3%
4yr¥26,320,000+¥5,350,000¥6,870,00025.9%4.8%
5yr¥26,720,000+¥6,690,000¥8,600,00032.4%5.2%
6yr¥27,120,000+¥8,020,000¥10,340,00039%5.4%
7yr¥27,520,000+¥9,360,000¥12,080,00045.5%5.5%
8yr¥27,940,000+¥10,700,000¥13,830,00052.1%5.6%
9yr¥28,360,000+¥12,030,000¥15,590,00058.7%5.6%
10yr¥28,780,000+¥13,370,000¥17,350,00065.4%5.7%

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.)
¥1,744,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥884,400
Real Estate Acquisition Tax (est., rate varies by property type)¥440,000
Registration License Tax (title transfer)¥220,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥190,000

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

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Submit a Purchase Offer (LOI) for This Property

Send us your preferred price and closing timing. After you apply, you will move on to online identity verification (passport IC chip scan and proof of address) and electronic signing of the purchase agreement. You can follow the progress on My Page.

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