Overview of Raionzumanshon Kanemachi Daini (ライオンズマンション金町第２)
Raionzumanshon Kanemachi Daini (ライオンズマンション金町第２) is a 43-year-old condominium located at Katsushikaku Kanemachi 6 Choume 1-6 (葛飾区金町6丁目1-6), Tokyo, Japan. Built in 1983, it comprises 86 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Okumura Kumi (奥村組).
Pricing & Floor Plans
Price range: 情報なし.
Estimated price per sqm: ¥60.8万/sqm (approx. $4,054/sqm or $377/sqft).
Location & Neighborhood
The property is located at Katsushikaku Kanemachi 6 Choume 1-6 (葛飾区金町6丁目1-6), Tokyo, Japan. It is a 3-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 43 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 86 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.
Analyze this property's fair price and negotiation room for free at RE:public.