For SaleCondominiumLeasehold land

New Koenji Corporus

Umezato 1-chome, Suginami-ku, Tokyo
  • Office use allowed
  • Corner unit
Asking Price
¥19,800,000
Est. Net Yield: 6%
New Koenji Corporus - 1/2
1 / 2

Executive Summary

New Koenji Corporus is an 11-story SRC condominium built in November 1973, located in Umezato 1-chome, Suginami-ku, Tokyo. It is situated a 4-minute walk from Shin-koenji Station on the Tokyo Metro Marunouchi Line, a 7-minute walk from Higashi-koenji Station on the same line, and a 14-minute walk from Koenji Station on the Sobu-Chuo Local Line. The subject unit is a southeast-facing corner room located on the 7th floor, featuring a floor area of 48.4 m2, a balcony area of 7.57 m2, and a 2DK layout. Office use is permitted, and the building is equipped with an elevator. The property consists of 43 units in total, constructed by Tatsumura Gumi Co., Ltd., with fully outsourced daytime management. The land right is an old-law surface right (lease term of 60 years, land rent of 4,500 yen per month), and the zoning is Commercial Zone. It is currently tenanted, and delivery is negotiable.

Property Details

Building Area
48.4 ㎡
Layout
2DK
2 bedrooms + dining kitchen
Structure
SRC
Built Year
1973
Floors
Floor 7 of 11
Earthquake Std.
Old Seismic Standard
Est. Annual Rent
¥1,440,000
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Leased (tenant in place)
Handover
Negotiable

Land & legal restrictions

Land rights
Superficies right (former Act)
Ground rent
¥4,500 per month
Lease term
60 yr
Zoning
Commercial zone

Costs besides the price

Other costs
役員辞退者負担金: ¥1,500 per month
Parking
None

Building management

Management type
Fully outsourced
Building manager
Daytime
Total units
43 units

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

Location & Map

Investment Analysis

Est. Gross Yield7.27%
Est. Net Yield6%

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.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
7.27%
Est. Net Yield
6.00%
Est. Property ValueCumulative Net IncomeTotal Return
YearEst. Property ValueCumulative Net IncomeTotal ReturnROI (%)IRR (%)
1yr¥20,100,000+¥1,190,000¥1,490,0007%0.3%
2yr¥20,400,000+¥2,380,000¥2,970,00014%3.7%
3yr¥20,700,000+¥3,560,000¥4,470,00021.1%4.8%
4yr¥21,010,000+¥4,750,000¥5,970,00028.1%5.4%
5yr¥21,330,000+¥5,940,000¥7,470,00035.2%5.7%
6yr¥21,650,000+¥7,130,000¥8,980,00042.3%5.9%
7yr¥21,970,000+¥8,320,000¥10,490,00049.4%6%
8yr¥22,300,000+¥9,500,000¥12,010,00056.6%6.1%
9yr¥22,640,000+¥10,690,000¥13,530,00063.8%6.2%
10yr¥22,980,000+¥11,880,000¥15,060,00071%6.2%

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.)
¥1,419,400
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥719,400
Real Estate Acquisition Tax (est., rate varies by property type)¥350,000
Registration License Tax (title transfer)¥170,000
Stamp Duty (purchase agreement)¥10,000
Judicial Scrivener & Other Fees (est.)¥170,000

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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