New apartment building for sale in downtown Tokyo « Are you looking for real-estate for sale in Japan?

New apartment building for sale in downtown Tokyo

Thursday, April 1st, 2010

Dear Investors:

We surveyed an investment property in a downtown of Tokyo. Its specs are:

Type: residence

Location: Kameido, Koto-ku (6-min walk from Kameido station of JR Sobu Line)

Land: 200.76 sq. meters

Floor area: 1,361.75 sq. meters

Structure: RC / 14 stories + 1 story underground

Year Built: 2008

Coverage: 80%

FAR: 600%

# of units: 46 (= 40 x studio + 6 x 1-bedroom)

Annual return (@100%): 52,363,800 yen

Asking price: 870,000,000 yen

Yield: 6.01%

a new apartment building for sale in Kameido

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Please let us know, if you are interested in the property.

Best regards,

Minato Asset Management