Overview of Kaasa Mandai (カーサ万代)
Kaasa Mandai (カーサ万代) is a 45-year-old condominium located at Niigatashi Chuuouku Mandai 2 Choume 4-16 (新潟市中央区万代2丁目4-16), Niigata, Japan. Built in 1981, it comprises 41 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Nakano Kumi (中野組).
Pricing & Floor Plans
Based on 19 past listings, prices have ranged from 680〜1,790万円 (approx. $45,333–$119,333 USD at ¥150/$).
Unit sizes range from 53.4–66.3 sqm (575–714 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 3DK (3-bedroom w/ dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥22.9万/sqm (approx. $1,530/sqm or $142/sqft).
Location & Neighborhood
The property is located at Niigatashi Chuuouku Mandai 2 Choume 4-16 (新潟市中央区万代2丁目4-16), Niigata, Japan. It is a 13-minute walk to the nearest station. In Japan, station proximity significantly affects property values and daily convenience.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 45 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
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