Listing Courtesy of: Christopher Sower - Cushman & Wakefield 617-204-4134
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29-35 Temple Place Unit 29-35 Boston, MA 02110

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Multi-Family Residence
42 Beds
32 Baths
Sq. Ft.
0.11 Acre Lot
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Last updated on 11/7/2024 3:28 AM

Listing Details

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. Continue reading
MLS#
73296327
Property Type
Multi-Family
Bedrooms
42
Bathrooms
32 Full
Year Built
1895
Price per Sq. Ft.
$1,127.82
Lot Size
0.11
Sewer
Public Sewer
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Listing Courtesy of: Christopher Sower - Cushman & Wakefield 617-204-4134
Andrea Conner, License 1000188, Xome Inc., License 9622, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067


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This content last refreshed on 11/7/2024 3:28 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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