グランドコート成増

板橋区成増3丁

Tobu Tojo Line Narimasu Station · 8 min walk

JPY 158,000,000

Professional facts

  • Ownership
    Freehold
  • Property type
    Entire building
  • Land area
    167.37 m²
  • Building area
    275.5 m²
  • Structure / completion
    1969
  • Road / frontage
    east-facing; approximately 8 m road
  • Utilities
    Public water, public sewer, city gas
  • Building coverage ratio
    80%
  • Floor-area ratio
    300%
  • Gross yield
    1%
  • Projected gross monthly income
    JPY 131,667Implied from asking price × source-stated gross yield; not a rent roll or NOI.
    calculated
  • Projected gross annual income
    JPY 1,580,000Implied from asking price × source-stated gross yield; not a rent roll or NOI.
    calculated
  • Asking price per building m²
    JPY 573,503/m²Asking price divided by the recorded area; not a land/building allocation.
    calculated
  • Asking price per land m²
    JPY 944,016/m²Asking price divided by recorded land area; not a land-only valuation.
    calculated
  • Illustrative monthly payment
    JPY 483,771 / month35 years · 1.5% fixed · 100% of asking price · principal and interest only; not a financing quote.
    calculated

Kagura's View

At JPY 573,503/m², the ask is 21% above the JPY 474,074/m² median of 10 matched MLIT closed entire building sales in the surrounding district. On this building-area measure, the property looks expensive.

Projected gross income of JPY 131,667 a month is 0.27× the JPY 483,771 payment illustration, falling JPY 352,104 short before tax and all operating costs. The 1969-completed 275.5 m² building does not leave much room for full-price leverage. The recorded road width is approximately 8 m.