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21 Allen Street

Somerville, MA 02143
  • $8,790,000
  • STATUS: Active
  • MLS #: 73211289
$8,790,000
  • 76
    BEDS
  • 0.41
    ACRES
  • 85
    BATHS
  • 6
    1/2 BATHS
  • 47,572
    SQFT
  • $185
    $/SQFT
Type:
Multi-Family
Built:
2025
County:

School Ratings & Info

Listing courtesy of Ryan Taylor of Fortune RE.

Description

The Ropewalk is a 69-unit multi-family development in the heart of Union Square, adjacent to the newly opened MBTA Station. The arrival of the Green Line Transit Station has precipitated a rapid transformation of the Square. The Square's $2 billion, 3.8 million SF master-planned development, coined USQ spans 20 acres and includes 2.4M SF of lab and innovation space,150,000 SF of retail and restaurant space, and 4.7 acres of vibrant open spaces. Phase I was delivered by Magellan Development in Q3 2023 with future phases set to break ground in 2024. Boynton Yards and Somerville Gateway which border Union Square to the east and south are complimentary master-planned developments adding a combined 4.1 million SF state-of-the-art life sciences/biotech, hotel, and retail spaces to the broader neighborhood. The project is in a qualified OZ and has been permitted as a Passive House project; set to achieve the highest level of sustainability. Approvals allow for either apartments or condos.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2024-04-04T00:06:27.963.
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21 Allen Street Somerville, MA 02143

  • Price: $8,790,000
  • Status: Active
  • On Site: Days
  • MLS #: 73211289
76
Beds
85
Baths
6
½ Baths
0.41
Acres
47,572
SQFT
$185
$/SQFT
2025
Built
County:
Middlesex
Property Description
The Ropewalk is a 69-unit multi-family development in the heart of Union Square, adjacent to the newly opened MBTA Station. The arrival of the Green Line Transit Station has precipitated a rapid transformation of the Square. The Square's $2 billion, 3.8 million SF master-planned development, coined USQ spans 20 acres and includes 2.4M SF of lab and innovation space,150,000 SF of retail and restaurant space, and 4.7 acres of vibrant open spaces. Phase I was delivered by Magellan Development in Q3 2023 with future phases set to break ground in 2024. Boynton Yards and Somerville Gateway which border Union Square to the east and south are complimentary master-planned developments adding a combined 4.1 million SF state-of-the-art life sciences/biotech, hotel, and retail spaces to the broader neighborhood. The project is in a qualified OZ and has been permitted as a Passive House project; set to achieve the highest level of sustainability. Approvals allow for either apartments or condos.
Exterior Features

Covered Spaces 0 Fencing Fenced/Enclosed Garage YN No Lot Features ClearedLevel Parking Total 0 Spa YN No View City View(s) View YN Yes Waterfront YN No

Interior Features

Building Area Total 47572 Door Features Insulated Doors Fireplace YN No Fireplaces Total 0 Foundation Details Concrete Perimeter Lead Paint None Rooms Total 99 Window Features Insulated Windows

Property Features

Buyer Agency Compensation 1.5 Community Features Public TransportationShoppingBike PathPublic SchoolT-StationUniversity Disclosures Seller has ownership interest in Fortune RE. Green Energy Generation Solar Gross Income 250164 Home Warranty YN No Net Operating Income 250164 Property Sub Type 5+ Family - 5+ Units Up/Down Senior Community YN No Sewer Public Sewer Tax Annual Amount 57409.43 Tax Year 2024 Total Actual Rent 15322 Transaction Broker Compensation 0 Water Source Public Year Built Details To Be Built Zoning UR

Listing information © 2024 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Ryan Taylor of Fortune RE: 617-874-1000.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2024-04-04T00:06:27.963.
 
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Re/Max Vantage
77 State Road
Dartmouth MA, 02747
Listing courtesy of Ryan Taylor of Fortune RE.