Itochu Property Development Sells Rental Apartment Building in Tokyo’s Nakano Ward
Itochu Property Development sold Crevia Rxe Nakano Arai-Yakushi, a rental apartment property in Matsugaoka 1-chome, Nakano Ward, Tokyo, in April 2026. The buyer was Trust Dualis 2 LLC.
The property is a nine-story building completed in 2021, with 33 units ranging from 1DK to 2LDK. It is located a two-minute walk from Arai-yakushi-mae Station on the Seibu Shinjuku Line, in an area with a concentration of multifamily residential properties.
Average asking rents for rental apartments within a 10-minute walk of Arai-yakushi-mae Station rose from approximately JPY 11,900 per tsubo at the end of April 2023 to approximately JPY 14,200 per tsubo at the end of April 2026, according to a survey by the editorial team based on estie Residential Research. Around the station, Classy House Nakano Arai-Yakushi-mae, a for-sale condominium property with 54 units, is scheduled for completion in October 2026, while an urban redevelopment project is under consideration in the block south of the station.
Key Facts
- Property Name: Crevia Rxe Nakano Arai-Yakushi
- Seller: Itochu Property Development, Ltd.
- Buyer: Trust Dualis 2 LLC
- Trustee: Sumitomo Mitsui Trust Bank, Ltd.
- Sale Date: April 2026
- Location: 1-2-17 Matsugaoka, Nakano Ward, Tokyo
- Nearest Stations: Two-minute walk from Arai-yakushi-mae Station on the Seibu Shinjuku Line; 19-minute walk from Nakano Station on the JR Chuo Line and Tokyo Metro Tozai Line
- Completion: July 2021
- Number of Floors: 9F / B1; reinforced concrete construction
- Gross Floor Area: Approximately 460 tsubo (approx. 16,400 sq. ft.)
- Total Units: 33 residential units and one retail unit
- Unit Layouts: 1DK, 1LDK and 2LDK
- Exclusive Floor Area: 25.20 square meters (approx. 271 sq. ft.) to 47.95 square meters (approx. 516 sq. ft.)