29-35 Temple Place Boston, MA

$30,000,000
Beds 42
Baths 32
Square Feet 26,600
Acres 0.11
Photo of 29-35 Temple Place Boston MA 02110




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 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 Cushman & Wakefield, Christopher Sower

Details

MLS 73296327
Status Active
Price $30,000,000
DOM 74 days
Type Multi-Family
Beds 42
Total Baths 32 full baths
Square Feet 26,600 sqft
Lot Size 0.11 acres
Year Built 1895

Lot & Building Features

Construction Frame
Sewer Public Sewer
Tax Year 9999
Taxes Paid $9
Water Public
Foundation Concrete Perimeter, Slab
Roof Rubber
Full Baths 32
Total Rooms 42
Garage Spaces 0
Fireplaces 18

Map

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Financing

$
20%
1%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.


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