Overview of Kyassurumanshon Kinshichou (キャッスルマンション錦糸町)
Kyassurumanshon Kinshichou (キャッスルマンション錦糸町) is a 41-year-old condominium located at Sumidaku Koutoubashi 4 Choume 19-2 (墨田区江東橋4丁目19-2), Tokyo, Japan. Built in 1985, it comprises 31 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Kirikoshi Kensetsu (桐越建設).
Pricing & Floor Plans
Based on 17 past listings, prices have ranged from 980〜7,580万円 (approx. $65,333–$505,333 USD at ¥150/$).
Unit sizes range from 20.0–63.8 sqm (215–687 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1K (1-bedroom w/ kitchen), 2LDK (2-bedroom w/ living-dining-kitchen), 1R (Studio).
Estimated price per sqm: ¥104.1万/sqm (approx. $6,940/sqm or $645/sqft).
Location & Neighborhood
The property is located at Sumidaku Koutoubashi 4 Choume 19-2 (墨田区江東橋4丁目19-2), Tokyo, Japan. It is a 4-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 41 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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