Abode Yoyogi Parkside
- Tokyo Metropolitan Areas
|Anticipated Acquisition Price||1,600 million yen|
|Appraised Value||1,610 million yen|
|Appraised NOI Yield||4.4%|
|NOI Yield after Depreciation||3.8%|
|Address||1-2-9 Yoyogi, Shibuya-ku, Tokyo|
|Access||Approx. 4 minutes walk from “Yoyogi” Station, Approx. 6 minutes walk from “Kitasando” Station and Approx. 5 minutes walk from “Minami-Shinjuku” Station|
|No. of Leasable Units||28|
|Total Floor Area||1,508.50㎡|
Abode Yoyogi Parkside is a new residential development very well located to major parks including Yoyogi Park, approximately 200 meters, Shinjuku Gyoen National Gardens approximately 600 meters and the Meji Jingu Shrine grounds located directly to the rear of the property.
Yoyogi is a very popular residential area appealing to a wide cross section of the community given its access to parks and the two largest shopping / entertainment districts in Japan (Shinjuku and Shibuya). It is also beside Tokyo's largest fashion district, Omotesando. A large proportion of Yoyogi residents work in creative fields such as fashion, art and music. There are many small home offices operating in the area that include record labels, photographers, modeling agencies and art dealers.