Overview of Kurio Takasago Ichiban Kan (クリオ高砂壱番館)
Kurio Takasago Ichiban Kan (クリオ高砂壱番館) is a 37-year-old condominium located at Katsushikaku Shinjuku 1 Choume 21-18 (葛飾区新宿1丁目21-18), Tokyo, Japan. Built in 1989, it comprises 22 units in a Reinforced Concrete (RC) structure. It was constructed by Daitokougyou (大都工業).
Pricing & Floor Plans
Based on 25 past listings, prices have ranged from 980〜3,180万円 (approx. $65,333–$212,000 USD at ¥150/$).
Unit sizes range from 41.9–50.5 sqm (451–544 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 1SLDK (1-bedroom w/ living-dining-kitchen + service room), 2LDK (2-bedroom w/ living-dining-kitchen), 2DK (2-bedroom w/ dining-kitchen).
Estimated price per sqm: ¥41.0万/sqm (approx. $2,735/sqm or $254/sqft).
Location & Neighborhood
The property is located at Katsushikaku Shinjuku 1 Choume 21-18 (葛飾区新宿1丁目21-18), Tokyo, Japan. It is a 16-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 37 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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