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29-35 Temple Place, Boston MA 02110

$30,000,000

Estimated $48,645.61/month Calculator

Multi Family

Total Units: 42

Price Per Unit: $714,285.71

Total Rent: 239976/year

Estimated CAP Rate: 0.80%

42 Bedrooms

32 Full Baths

26,600 SqFt

Total Parking: 0

4,578 SqFt

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.

This home has been viewed 94 times

Last Checked: February 11th, 2025 at 5:18am (Source: MLS PIN #73296327)

Gross Income: $239,976

Gross Expenses: $9

Net Income Calc: $239,967

CAP Rate: 0.80%

Annual Expenses for 29-35 Temple Place, Boston MA 02110

Total Gross Expenses (Calculated)$9/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$9

Annual Income & Unit Breakdown for 29-35 Temple Place, Boston MA 02110

Total Gross Income (Calculated)$239,976

Unit 1

Rental Income$9,999

LeaseN

Bedrooms9

Bathrooms9 Full, 9 Half

Floor9

Levels in Unit9

HeatingNo

Rent Includes

Unit 2

Rental Income$9,999

LeaseN

Bedrooms9

Bathrooms9 Full, 9 Half

Floor9

Levels in Unit9

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 29-35 Temple Place, Boston MA 02110

Listing ID73296327

Property TypeMulti Family

Price$30,000,000 ($1127.82/SqFt)

Style5+ Family - Rooming House

CityBoston

CountySuffolk

MLS Area

Neighborhood(s)

Approximate Living Area Total26,600 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking0

Garage Parking

Year Built1895

Year Built SourcePublic Records

Year Renovated

Year Built DetailsUnknown/Mixed

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesOther

Foundation Area

Foundation DescriptionConcrete Perimeter,Slab

Accessible Features

Outdoor Space

Zoning9

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 29-35 Temple Place, Boston MA 02110

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 29-35 Temple Place, Boston MA 02110

Real Estate Taxes$9

Tax Year9999

Assessed Value$9

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)0.80%

Location Information for 29-35 Temple Place, Boston MA 02110

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 29-35 Temple Place, Boston MA 02110

Agent

Name: Christopher Sower

Office

Name: Cushman & Wakefield

Phone: 617-204-4134

Payment Calculator

, Interest

Property Taxes 0.75

Principal & Interest 184850.46

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Cushman & Wakefield

Christopher Sower

Agent Phone

Office Phone

(617) 204-4134

Text Agent Call Agent Call Office

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    [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.
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[id] => 547023
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            [phone] => 617-204-4134
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[owner_occupancy_source] => 
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[pasture_area] => None
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[perc_test] => Array
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[perc_test_date] => Unknown
    [pet_policy] => Array
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[phone] => 617-816-5257
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    [price_per_sqft] => 1127.82
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[repair_maintenance_expense] => Array
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[road_frontage_type] => Array
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    [senior_community] => No
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[sewer_expense] => Array
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[short_sale] => 
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    [state_code] => MA
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[terms] => Array
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[uffi] => Array
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EXIT

Withdrawn

29-35 Temple Place, Boston MA 02110

$30,000,000

Annual Expenses for 29-35 Temple Place, Boston MA 02110

Annual Income & Unit Breakdown for 29-35 Temple Place, Boston MA 02110

General Information for 29-35 Temple Place, Boston MA 02110

Disclosures for 29-35 Temple Place, Boston MA 02110

Financial Information for 29-35 Temple Place, Boston MA 02110

Location Information for 29-35 Temple Place, Boston MA 02110

Contact Information for 29-35 Temple Place, Boston MA 02110

Agent

Office

Payment Calculator

Exclusive Listing Agent

Cushman & Wakefield

Christopher Sower