{"id":655,"date":"2009-09-12T18:06:51","date_gmt":"2009-09-12T09:06:51","guid":{"rendered":"https:\/\/blog.realestate-minato.com\/?p=655"},"modified":"2009-09-12T18:15:39","modified_gmt":"2009-09-12T09:15:39","slug":"a-brand-new-investment-property-in-heiwajima-ota-ku-is-now-for-sale","status":"publish","type":"post","link":"https:\/\/blog.realestate-minato.com\/?p=655","title":{"rendered":"A brand-new investment property in Heiwajima (Ota-ku) is now for sale"},"content":{"rendered":"<p>Dear international investors,<\/p>\n<p>\u00a0<\/p>\n<p>I surveyed a brand-new apartment building in a quiet residential neighborhood of Omorinishi in Ota-ku yesterday afternoon.\u00a0 Its specs are as follows:<\/p>\n<p>\u00a0<\/p>\n<p>Price:\u00a0 188,000,000 yen (12 x 7-jo studio (@approx. 90,000 yen) + 3 x parking lot(@approx. 31,500 yen))<\/p>\n<p>Annual revenue (estimation): 14,094,000 yen<\/p>\n<p>Yield (estimation): 7.5%<\/p>\n<p>Location: 2, Omorinishi, Ota-ku, Tokyo<\/p>\n<p>Station: 5-min walk to Heiwajima station (Keihinkiyuko Line)<\/p>\n<p>Land: 223.71 sq. meters<\/p>\n<p>Floor area: 306.82 sq. meters<\/p>\n<p>Structure: Steel \/ 3 stories<\/p>\n<p>Coverage: 60%<\/p>\n<p>FAR: 200%<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_658\" aria-describedby=\"caption-attachment-658\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-031.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-658\" title=\"a brand-new investment apartment building under construction\" src=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-031-300x225.jpg\" alt=\"a brand-new investment apartment building under construction\" width=\"300\" height=\"225\" srcset=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-031-300x225.jpg 300w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-031-1024x768.jpg 1024w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-031.jpg 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-658\" class=\"wp-caption-text\">a brand-new investment apartment building under construction<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_659\" aria-describedby=\"caption-attachment-659\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-033.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-659\" title=\"a brand-new investment apartment building is under construction\" src=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-033-300x225.jpg\" alt=\"a brand-new investment apartment building is under construction\" width=\"300\" height=\"225\" srcset=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-033-300x225.jpg 300w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-033-1024x768.jpg 1024w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-033.jpg 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-659\" class=\"wp-caption-text\">a brand-new investment apartment building is under construction<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>Heiwajima\u00a0 is a Keihinkiyuko Line station and is in-between Shinagawa and Haneda Air Port.\u00a0\u00a0 Because it is close to both Shinagawa and Haneda and rapid trains stop at the station, commercial districts around the station are bustling with small retails and shoppers although the areas are not so large.\u00a0<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_661\" aria-describedby=\"caption-attachment-661\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-017.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-661\" title=\"a commercial district at Heiwajima station\" src=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-017-300x225.jpg\" alt=\"a commercial district at Heiwajima station\" width=\"300\" height=\"225\" srcset=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-017-300x225.jpg 300w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-017-1024x768.jpg 1024w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-017.jpg 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-661\" class=\"wp-caption-text\">a commercial district at Heiwajima station<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_663\" aria-describedby=\"caption-attachment-663\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-019.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-663\" title=\"a commercial district at Heiwajima station 2\" src=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-019-300x225.jpg\" alt=\"a commercial district at Heiwajima station 2\" width=\"300\" height=\"225\" srcset=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-019-300x225.jpg 300w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-019-1024x768.jpg 1024w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-019.jpg 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-663\" class=\"wp-caption-text\">a commercial district at Heiwajima station 2<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>Neighborhoods are almost 100% residential with detached houses and\u00a0newly-built \u00a0low-rise apartment buildings.\u00a0\u00a0 They are very quiet.\u00a0 When I was there at around 4:30 pm, there were many bicycle riders.\u00a0<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_665\" aria-describedby=\"caption-attachment-665\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-026.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-665\" title=\"neighborhood of Heiwajima\" src=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-026-300x225.jpg\" alt=\"neighborhood of Heiwajima\" width=\"300\" height=\"225\" srcset=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-026-300x225.jpg 300w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-026-1024x768.jpg 1024w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-026.jpg 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-665\" class=\"wp-caption-text\">neighborhood of Heiwajima<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_666\" aria-describedby=\"caption-attachment-666\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-032.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-666\" title=\"neighborhood of Heiwajima 2\" src=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-032-300x225.jpg\" alt=\"neighborhood of Heiwajima 2\" width=\"300\" height=\"225\" srcset=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-032-300x225.jpg 300w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-032-1024x768.jpg 1024w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-032.jpg 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-666\" class=\"wp-caption-text\">neighborhood of Heiwajima 2<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>In my view, Heiwajima community looked very successful and attractive with much foot, bicycle, and auto traffic.\u00a0 Also, I surveyed three local apartment buildings similar to the brand-new one in size, new-ness, and location in order to understand occupancy ratio of the neighborhood.\u00a0 Unexpectedly,\u00a0 the occupancy of the three apartments is high &#8211; 8\/8, 13\/15, and 46\/60.\u00a0 The last one (=46\/60) may not look so good at first.\u00a0 But the apartment building will be filled in due course because it is brand-new and people have just begun moving in.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_674\" aria-describedby=\"caption-attachment-674\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-024.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-674\" title=\"a local apartmet building\" src=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-024-300x225.jpg\" alt=\"a local apartment building\" width=\"300\" height=\"225\" srcset=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-024-300x225.jpg 300w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-024-1024x768.jpg 1024w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-024.jpg 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-674\" class=\"wp-caption-text\">a local apartment building<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_675\" aria-describedby=\"caption-attachment-675\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-034.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-675\" title=\"a local apartment building 2\" src=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-034-300x225.jpg\" alt=\"a local apartment building 2\" width=\"300\" height=\"225\" srcset=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-034-300x225.jpg 300w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-034-1024x768.jpg 1024w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-034.jpg 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-675\" class=\"wp-caption-text\">a local apartment building 2<\/figcaption><\/figure>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<figure id=\"attachment_679\" aria-describedby=\"caption-attachment-679\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-020.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-679\" title=\"Kan Nana (= 7th loop) seen from a pedestrian bridge near Heiwajima station\" src=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-020-300x225.jpg\" alt=\"Kan nana seen from a pedestrian bridge near Heiwajima station\" width=\"300\" height=\"225\" srcset=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-020-300x225.jpg 300w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-020-1024x768.jpg 1024w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-020.jpg 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-679\" class=\"wp-caption-text\">Kan nana seen from a pedestrian bridge near Heiwajima station<\/figcaption><\/figure>\n<div class=\"mceTemp mceIEcenter\">\n<figure id=\"attachment_680\" aria-describedby=\"caption-attachment-680\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-038.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-680\" title=\"a view of Kan nana (or 7th loop) in Omorinishi\" src=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-038-300x225.jpg\" alt=\"a view of Kan nana in Omorinishi\" width=\"300\" height=\"225\" srcset=\"https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-038-300x225.jpg 300w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-038-1024x768.jpg 1024w, https:\/\/blog.realestate-minato.com\/wp-content\/uploads\/2009\/09\/2009_9_11_investment_apt_in_heiwajima-038.jpg 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-680\" class=\"wp-caption-text\">a view of Kan nana in Omorinishi<\/figcaption><\/figure>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dear international investors, \u00a0 I surveyed a brand-new apartment building in a quiet residential neighborhood of Omorinishi in Ota-ku yesterday afternoon.\u00a0 Its specs are as follows: \u00a0 Price:\u00a0 188,000,000 yen (12 x 7-jo studio (@approx. 90,000 yen) + 3 x parking lot(@approx. 31,500 yen)) Annual revenue (estimation): 14,094,000 yen Yield (estimation): 7.5% Location: 2, Omorinishi, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[184,3,4,1],"tags":[103,70,191,188,185,193,96,9,83,192,187,186,670,190,189,90,194,6],"class_list":["post-655","post","type-post","status-publish","format-standard","hentry","category-ota-ku","category-tokyo-real-estate-market","category-tokyo-real-estate-view","category-uncategorized","tag-apartment-building","tag-brand-new","tag-foot-traffic","tag-haneda-air-port","tag-heiwajima","tag-high-occupancy","tag-high-yield","tag-investment","tag-investment-property","tag-kan-nana","tag-keihin-kyuko","tag-omori","tag-ota-ku","tag-quiet","tag-residential-neighborhood","tag-shinagawa","tag-survey","tag-tokyo"],"_links":{"self":[{"href":"https:\/\/blog.realestate-minato.com\/index.php?rest_route=\/wp\/v2\/posts\/655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.realestate-minato.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.realestate-minato.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.realestate-minato.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.realestate-minato.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=655"}],"version-history":[{"count":20,"href":"https:\/\/blog.realestate-minato.com\/index.php?rest_route=\/wp\/v2\/posts\/655\/revisions"}],"predecessor-version":[{"id":683,"href":"https:\/\/blog.realestate-minato.com\/index.php?rest_route=\/wp\/v2\/posts\/655\/revisions\/683"}],"wp:attachment":[{"href":"https:\/\/blog.realestate-minato.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.realestate-minato.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.realestate-minato.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}