Goldstone Acquires Rental Apartment Building in Arai, Nakano

Goldstone has acquired Sun Heights Arai, a rental apartment building located in 1-chome Arai, Nakano Ward, Tokyo. The seller was Open House Real Estate. The property is a single-building residential asset with a total of 16 units, located an eight-minute walk from Nakano Station on the JR Chuo Line and Tokyo Metro Tozai Line.The property is a three-story reinforced concrete building with one basement level, completed in July 1987. It has a Gross Floor Area of approximately 157 tsubo (approx. 5,587 sq. ft.). It is a low-rise rental apartment building situated in the residential area north of Nakano Station.Large-scale redevelopment is underway around Nakano Station. On the north side, Park City Nakano in the Kakomachi Higashi district has recently been completed, while improvements to the elevated station building and the north-south pedestrian passage are expected to be completed between 2026 and 2027.Nakano Ward plans to solicit a new project operator during fiscal 2027. Single-person households account for roughly 60% of all households in the ward, one of the highest shares among Tokyo’s 23 wards, and rental housing demand remains firm. With redevelopment driving population inflows and a growing concentration of office space, housing demand around the station is expected to remain resilient over the medium to long term.

Key Facts

• Property Name:

  Sun Heights Arai

• Buyer:

  Goldstone Co., Ltd.

• Seller:

  Open House Real Estate Co., Ltd.

• Location:

  1-12-6 Arai, Nakano-ku, Tokyo

• Nearest Station:

  Nakano Station on the JR Chuo Line and Tokyo Metro Tozai Line, 8-minute walk

• Completion:

  July 1987

• Number of Floors:

  3F / B1

• Structure:

  Reinforced concrete

• Gross Floor Area:

  Approximately 157 tsubo (approx. 5,587 sq. ft.)

• Total Units:

  16 units