Downtown Capital LLC, the developer for 801 South Street, has announced that 85 percent of the units (347 out of 410 units) in Building B have already been purchased by local residents who meet the moderate income qualifications. Units in Building B (the second tower) are priced between $352,000 for a one-bedroom to $699,000 for a three-bedroom unit. Moderate income buyers are defined as households who earn no more than 140 percent of Honolulu's median annual income. This equates to $84,574 for a single person, $96,656 for a couple or $120,820 for a family of four. Downtown Capital has agreed to sell at least 75 percent of the units in Building B to buyers who fall into this category.
Source: Honolulu Star Advertiser, 4-29-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
