PALESTUDIO Nihonbashi Hamacho Ekimae: A Compact Investment Condominium in Central Tokyo

This property is a 1K studio apartment located on the 3rd floor of a 13-story reinforced concrete (SRC) condominium building named PALESTUDIO Nihonbashi Hamacho Ekimae. Built in November 2001, the unit offers a wall-core exclusive area of 21.23 sqm (approximately 6.42 tsubo). The layout includes a 7.2-tatami mat Western-style room and a balcony measuring 4.27 sqm, with the main source of natural light facing east. The building is managed by a homeowners' association with a full-delegation, daytime management system handled by Clareas Community Co., Ltd.

Key equipment and features include a system kitchen, closet, air conditioning, internet connectivity, an indoor washing machine space, an auto-lock security system, city gas, hot water supply, and an elevator. The property is currently tenanted, providing an estimated annual rental income of 1,032,000 yen, which translates to a projected yield of 3.89%. An owner change is scheduled for the coming year. Additional monthly costs include a management fee of 6,700 yen, a repair reserve fund of 6,010 yen, and an internet service fee of 1,260 yen. The building has a total of 94 units and sits on a land area of 377.98 sqm within a commercial zone.

The location is exceptionally convenient, situated in the Nihonbashi Hamacho district of Tokyo's Chuo Ward. It is just a 1-minute walk from Hamacho Station on the Toei Shinjuku Line, providing excellent access. The area is a fascinating blend of traditional and modern Tokyo, known for its historic merchant culture and proximity to the Sumida River. A major nearby landmark is the iconic Tokyo Skytree, easily accessible via the nearby stations, offering panoramic views of the metropolis.