Overview of Gureisu Tsukiji (グレイス築地)
Gureisu Tsukiji (グレイス築地) is a 39-year-old condominium located at Nagoyashi Minatoku Minato You 3 Choume 11-16 (名古屋市港区港陽3丁目11-16), Aichi, Japan. Built in 1987, it comprises 92 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kumagaigumi (熊谷組).
Pricing & Floor Plans
Based on 43 past listings, prices have ranged from 630〜1,390万円 (approx. $42,000–$92,667 USD at ¥150/$).
Unit sizes range from 47.7–76.2 sqm (513–820 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1LDK (1-bedroom w/ living-dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥19.3万/sqm (approx. $1,285/sqm or $119/sqft).
Location & Neighborhood
The property is located at Nagoyashi Minatoku Minato You 3 Choume 11-16 (名古屋市港区港陽3丁目11-16), Aichi, Japan. It is a 5-minute walk to the nearest station. This is considered excellent station access in Japan, where most daily errands are done on foot or by train.
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 39 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 92 units, this is a relatively large condominium. Larger buildings typically benefit from lower per-unit maintenance and repair reserve costs.
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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