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.
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Last Updated: October 9th, 2024 at 8:08am
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General Information for 29-35 Temple Place, Boston, Massachusetts 02110
Property TypeResidential Income
Property Sub TypeMulti Family
Price$30,000,000
Price per sqft$1,127.82
MLS #73296327
Handicap Access / FeaturesNo
List Date2024-09-30
Special Listing ConditionsNo
StateMassachusetts
Street NameTemple Place
CityBoston
Zip Code02110
CountySuffolk
MLS Status
Covered Parking Spaces0
Heating Y/NNo
Heating System
Heat Zones
Sold Date
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total26600
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress29-35 Temple Place, Boston MA 02110
Zoning
Interior Features for 29-35 Temple Place, Boston, Massachusetts 02110
* Approx. Living Area Total26,600 sq ft
Living Area Includes BasementNo
Bedrooms42
* # Fireplaces18
Bathrooms (Total)32
Full Baths32
* # Half Baths0
* # Rooms
Basement
Heating System
AppliancesNo
Electric
Living Area Disclosure
Living Area Includes BasementNo
Door FeaturesNo
ElectricYes
Electric$0
MLS Area (Major)
MLSPIN_BEDRMS_19
MLSPIN_BEDRMS_29
MLSPIN_BEDRMS_3
MLSPIN_BEDRMS_4
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_19
MLSPIN_F_BTHS_29
MLSPIN_F_BTHS_3
MLSPIN_F_BTHS_4
MLSPIN_GRE$0
MLSPIN_HTE$0
MLSPIN_H_BTHS_19
MLSPIN_H_BTHS_29
MLSPIN_H_BTHS_3
MLSPIN_H_BTHS_4
OffMarketDate
Exterior Features for 29-35 Temple Place, Boston, Massachusetts 02110
* Approximate Lot Size0.11 acres
Covered Parking Spaces0
Lot FeaturesOther
* Parking Spaces0
* Sewer Utilities
* Water Utilities
* Year Built1895
Year Built Details
Year Built SourcePublic Records
Construction MaterialsFrame
Exterior Features
Foundation Area
Foundation MaterialsConcrete Perimeter,Slab
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)4,578 Sqft
Disclosures for 29-35 Temple Place, Boston, Massachusetts 02110
Buyer Agent Compensation
Contingency
FinancingNo
Disclosures
Documents AvailableNo
Exclusions
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintNone
Living Area Disclosure
Living Area Includes BasementNo
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 29-35 Temple Place, Boston, Massachusetts 02110
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data SourceNo
Gross Income$0
Insurance Expense$0
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_19
MLSPIN_LEVELS_29
MLSPIN_LEVELS_3
MLSPIN_LEVELS_4
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT19999
MLSPIN_RENT29999
MLSPIN_RENT3
MLSPIN_RENT4
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$0
OperatingExpense$0
OriginalListPrice$30,000,000
RENT_FEE_INCLUDESNo
TOTAL_RENT19998
WaterSewerExpense$0
Lifestyle Information for 29-35 Temple Place, Boston, Massachusetts 02110
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool FeaturesNo
Waterfront FeaturesNo
Location information for 29-35 Temple Place, Boston, Massachusetts 02110
Elementary School
Middle School
High School
NumberOfUnitsTotal42
Marketing History for 29-35 Temple Place, Boston, Massachusetts 02110
MLSPIN_MARKET_TIME_BROKER4
MLSPIN_MARKET_TIME_PROPERTY4
PurchaseContractDate
Agent Information for 29-35 Temple Place, Boston, Massachusetts 02110