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Redefining Boston Real Estate

29-35 Temple Place, Boston, MA

Boston Multi-Family    (login for more details)

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Unit Information

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.

Additional Details
Status: ACT
Type: Multi-Family, 5+ Family - Rooming House
Zip Code: 02110
Living Levels: 18
Rooms and Dimensions
Total Units: 42
Total Floors: 18
Total Rooms: 42
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$30,000,000

  • Listing ID: 73296327
  • Bedrooms: 42
  • Full Baths: 32
  • Living Area: 26,600 sqft Convert
  • Lot Size: 4,578 sqft Convert
  • Acres: 0.11

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Luxury Residential Group

Luxury Residential Group

(617) 233-5800

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Content © 2024 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Christopher Sower of Cushman & Wakefield. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.

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