Overview of Guranshitei Nakano Shima (グランシティ中野島)
Guranshitei Nakano Shima (グランシティ中野島) is a 27-year-old condominium located at Kawasakishitamaku Nakano Shima 2 Choume 5-10 (川崎市多摩区中野島2丁目5-10), Kanagawa, Japan. Built in 1999, it comprises 44 units in a Reinforced Concrete (RC) structure. It was constructed by Fuji Kou (冨士工).
Pricing & Floor Plans
Based on 14 past listings, prices have ranged from 1,650〜3,980万円 (approx. $110,000–$265,333 USD at ¥150/$).
Unit sizes range from 60.8–75.7 sqm (654–815 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2LDK (2-bedroom w/ living-dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥52.5万/sqm (approx. $3,503/sqm or $325/sqft).
Location & Neighborhood
The property is located at Kawasakishitamaku Nakano Shima 2 Choume 5-10 (川崎市多摩区中野島2丁目5-10), Kanagawa, Japan. It is a 6-minute walk to the nearest station. This is considered good station access by Japanese standards.
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 27 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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