For SaleCondominium

Logiman Nishiazabu

Nishiazabu 1-chome, Minato-ku, Tokyo
  • Office use allowed
Asking Price
¥39,800,000
Est. Net Yield: 2.81%
Logiman Nishiazabu - 1/2
1 / 2

Executive Summary

This is a 4th-floor unit in Logiman Nishiazabu, a 6-story reinforced concrete (RC) condominium built in August 1976 and located in Nishiazabu 1-chome, Minato-ku, Tokyo. Transportation access includes a 7-minute walk from Nogizaka Station on the Tokyo Metro Chiyoda Line, an 8-minute walk from Roppongi Station on the Tokyo Metro Hibiya Line, and a 10-minute walk from Roppongi Station on the Toei Oedo Line. The south-facing 1R unit features a floor area of 28.1 sqm and a balcony area of 1.4 sqm, equipped with an auto-lock system, elevator, fitted kitchen, reheating function, bathroom dryer, and air conditioning, with a new renovation completed in August 2026. Use as an office is also permitted. The land right is ownership, and the zoning is Category II Medium-to-High-Rise Residential Zone. The property is currently vacant and available for immediate handover.

Property Details

Building Area
28.1 ㎡
Layout
1R
Studio
Structure
RC
Built Year
1976
Floors
Floor 4 of 6
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥1,390,000
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
Freehold
Zoning
Category 2 mid/high-rise residential zone

Costs besides the price

Parking
None

Building management

Management type
Fully outsourced
Building manager
Daytime
Total units
72 units

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

Location & Map

Investment Analysis

Est. Gross Yield3.49%
Est. Net Yield2.81%

Calculated from an estimated rent. Actual rent may differ.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
3.49%
Est. Net Yield
2.81%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥40,400,000+¥1,120,000¥1,720,0004%-2.4%
2yr¥41,000,000+¥2,240,000¥3,440,0008.1%0.8%
3yr¥41,620,000+¥3,360,000¥5,180,00012.2%1.9%
4yr¥42,240,000+¥4,480,000¥6,920,00016.3%2.5%
5yr¥42,880,000+¥5,600,000¥8,680,00020.4%2.8%
6yr¥43,520,000+¥6,720,000¥10,440,00024.5%3%
7yr¥44,170,000+¥7,840,000¥12,210,00028.7%3.1%
8yr¥44,830,000+¥8,960,000¥14,000,00032.9%3.2%
9yr¥45,510,000+¥10,080,000¥15,790,00037.1%3.3%
10yr¥46,190,000+¥11,200,000¥17,590,00041.4%3.4%

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.)
¥2,739,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥1,379,400
Real Estate Acquisition Tax (est., rate varies by property type)¥710,000
Registration License Tax (title transfer)¥350,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥290,000

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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