Overview of Shiteikoopo Arakoshi (シティコーポあらこし)
Shiteikoopo Arakoshi (シティコーポあらこし) is a 40-year-old condominium located at Nagoyashi Nakagawa Ku Kou Etsu Machi 1 Choume 3-1 ~ 3 (名古屋市中川区荒越町1丁目3-1～3), Aichi, Japan. Built in 1986, it comprises 90 units in a Reinforced Concrete (RC) structure. It was constructed by Matsumura ・ Mizuno Kensetsu V J (松村・水野建設ＶＪ).
Pricing & Floor Plans
Based on 20 past listings, prices have ranged from 800〜1,899万円 (approx. $53,333–$126,600 USD at ¥150/$).
Unit sizes range from 81.6–87.8 sqm (878–945 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen), 4DK (4-bedroom w/ dining-kitchen), 4LDK (4-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room).
Estimated price per sqm: ¥17.5万/sqm (approx. $1,164/sqm or $108/sqft).
Location & Neighborhood
The property is located at Nagoyashi Nakagawa Ku Kou Etsu Machi 1 Choume 3-1 ~ 3 (名古屋市中川区荒越町1丁目3-1～3), Aichi, Japan. It is a 14-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 40 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 90 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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