Overview of Gureisukooto Kasai (グレイスコート葛西)
Gureisukooto Kasai (グレイスコート葛西) is a 34-year-old condominium located at Edogawaku Naka Kasai 1 Choume 42-15 (江戸川区中葛西1丁目42-15), Tokyo, Japan. Built in 1992, it comprises 35 units in a Reinforced Concrete (RC) structure. It was constructed by Mitsuikensetsu (三井建設).
Pricing & Floor Plans
Based on 55 past listings, prices have ranged from 2,220〜4,490万円 (approx. $148,000–$299,333 USD at ¥150/$).
Unit sizes range from 63.9–65.0 sqm (688–700 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 2SLDK (2-bedroom w/ living-dining-kitchen + service room), 3LDK (3-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥67.5万/sqm (approx. $4,500/sqm or $418/sqft).
Location & Neighborhood
The property is located at Edogawaku Naka Kasai 1 Choume 42-15 (江戸川区中葛西1丁目42-15), Tokyo, 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 34 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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