I currently own one of the Penthouse units at the Wailana at Waikiki.
As mentioned in the other answers, the lease ends in 2039 and will renegotiate in 2019.
We just had the maintenance fee lowered thanks to separate metering of the electricity. The building is well maintained and the location is fantastic. The interior of the units is well designed and more spacious than most buildings in Waikiki.
This apartment is sold but the building is in a very convenient area with a great view over Fort DeRussy but it is also on Ala Moana boulevard across from the Hilton Hawaiian village. So there is a lot of traffic noise Behind this building is a residential high rise area with several other attractive buildings - some leasehold and some fee simple. It is an area worth looking at..
What attracted you to this building and this unit? Location, price, view, size?. If you are interested in the general location, I can give you information on some of the buildings in the area.
As you know property prices in Honolulu area are high, though less than Manhattan. I moved here from Manhattan 26 years ago, where I owned property on upper Bleecker St. So buying here wasn't too much of a push!!
I am a Buyer's Realtor and, if I can guide you, I will be happy to do so. I have been licensed here since 1987.
Donald Munro, Realtor, GRI, ABR, e-Pro
Reneg Date: 12/1/2019
2nd Step-Up Mon Rent: $ / Lse Expires: 11/30/2039
Maint fees are approx $900 to $1200/month
(RA) MBA, e-PRO, REALTORÂ®
East Oahu Realty