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1717 Makiki St
Makiki Area Land
$2,000,000   Withdrawn
Photo of 1717 Makiki St, Honolulu, HI 96822
As of May, 2017 Arbitration in progress. List property is land only. Building is owned by Lessee. Land rent to be determined 1/1/2017. Rent for next 15 years. Land rent based on 6% of the market value of the land only. Land rent is being determined. Buyer, if interested, can step into Lessor's negotiation position with Lessee or wait for ground rent to be determined. Sale contingent on Seller's exchange for replacement property.
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MLS ID: 201700295
TMK: 1-2-4-023-077-0000
Region: Metro & Waikiki
Neighborhood: Makiki Area
City: Honolulu
Zip Code: 96822
Living Area: sq ft   ( / sq ft)
Days On Market: 119
Listing Date: 01/05/2017
Original Price: $2,000,000
Land Tenure: Leasehold
Condition: Average

Year Built:
View: None
New Construction:
Pets: No

Utilities: Electricity, Public Water
Disclosures: See Remarks
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Expires: 12/31/2065
Renegotiation: 01/01/2017
Lease Rent: $1   (Until Year 2031)
Step Up 1:   (Until Year 2032)
Step Up 1:   (Until Year 2042)
Lessor: Lee Trust
Fee Purchase: None
Financing: Cash, Conventional, Exchange
Sales Conditions: Subject To Replacement Property
Total Fees:
Land: $1,166,300
Improvements: $609,100
Assessed Total: $1,775,400
Assessed Ratio: 112.65%
Monthly Tax: $1   (Tax Year 2016)
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Building Style:
Unit Features:
Floor Number:
# Elevators:
Flood Zone: Zone X
Management Co.:
Phone #:
Listing Courtesy: Craig K.W. Leong
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Date Field Old Value New Value
01/06/17 Status   Active
05/04/17 Status Active Withdrawn
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