Overview of Guriinkyapitaru Nagamachi 2 (グリーンキャピタル長町２)
Guriinkyapitaru Nagamachi 2 (グリーンキャピタル長町２) is a 31-year-old condominium located at Sendaishi Taihakuku Nagamachi 5 Choume 9-10 (仙台市太白区長町5丁目9-10), Miyagi, Japan. Built in 1995, it comprises 169 units in a Steel Reinforced Concrete (SRC) structure. It was constructed by Nishimatsu Kensetsu (西松建設).
Pricing & Floor Plans
Based on 100 past listings, prices have ranged from 1,280〜3,480万円 (approx. $85,333–$232,000 USD at ¥150/$).
Unit sizes range from 50.4–78.6 sqm (543–846 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), 1LDK (1-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen), 3LDK (3-bedroom w/ living-dining-kitchen), 2LDK (2-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥46.5万/sqm (approx. $3,097/sqm or $288/sqft).
Location & Neighborhood
The property is located at Sendaishi Taihakuku Nagamachi 5 Choume 9-10 (仙台市太白区長町5丁目9-10), Miyagi, Japan. It is a 5-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 31 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Scale advantage: With 169 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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