29-35 Temple Place
$30,000,000
42
32
26,600
26,600
$1,128
Description
Presenting 29-35 Temple Place (“Temple Place Suites”), which is a 26,600 square foot, 6-story, mixed-use (residential over retail), elevator building, located in the heart of downtown Boston (just feet from Boston Common). Temple Place Suites Suites is designated with a Lodging License for 48 units (although the building is currently configured with only 42), and the current owner operates the residential portion (floors 2 through 6) as short-term, furnished, Airbnb style, rentals. There is a significant...Presenting 29-35 Temple Place (“Temple Place Suites”), which is a 26,600 square foot, 6-story, mixed-use (residential over retail), elevator building, located in the heart of downtown Boston (just feet from Boston Common). Temple Place Suites Suites is designated with a Lodging License for 48 units (although the building is currently configured with only 42), and the current owner operates the residential portion (floors 2 through 6) as short-term, furnished, Airbnb style, rentals. There is a significant Value-Add Opportunity for the next owner to grow revenue by: (i) increasing the room count up to the permitted 48 units (this alone represents a 14.3% increase), (ii) increasing the average unit rental rate which is significantly below market, and (iii) potential additional density increase (current FAR is 8.0). The commercial portion of the building (floors 1 and basement) is fully occupied by one tenant (a micro-brewery, restaurant, and taproom). Apartment furnishings are included.
- Listed by Christopher Sower • Cushman & Wakefield
Property Details for 29-35 Temple Place
Town
Boston
AreaMA-Boston
Garage Spaces0
Parking Spaces.00
LISTING UPDATED: 10/04/2024 03:08 AM
Property Details for 29-35 Temple Place
Status | Active |
---|---|
MLS # | 73296327 |
Days on Market | 82 |
Taxes | $9 / year |
HOA Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-family / 5+ Family - Rooming House |
Year Built | 1895 |
County | Suffolk County |
Building Information for 29-35 Temple Place
Stories18Residences42Year Built1895Building Size-Lot Size0.11 AC / 4,578 SF
Property Information for 29-35 Temple Place
Property History for 29-35 Temple Place
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 29-35 Temple Place
This home is within Boston School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 12 | |||
Public - | 9 to 12 | |||
Public - | PK to 8 |
Rating | School | Distance |
---|---|---|
Josiah Quincy Elementary School PublicPK to 5 | ||
Quincy Upper School Public6 to 12 | ||
Snowden Int'L High School Public9 to 12 | ||
Eliot K-8 Innovation School PublicPK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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