21 Allen Street Somerville MA 02143 MLS #73211289

There are multiple listings for this address:
21 Allen Street
Somerville, MA, 02143
$8,250,000
76 Beds
88 Baths
47,572 SqFt
0.41 Acres
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.

Property Details

Price:
$8,250,000
MLS #:
73211289
Status:
Active
Beds:
76
Baths:
88
Address:
21 Allen Street
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
Somerville
Listed Date:
Mar 12, 2024
State:
MA
Finished Sq Ft:
47,572
ZIP:
02143
Lot Size:
17,873 sqft / 0.41 acres (approx)
Year Built:
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Bathrooms
85 Full Bathrooms, 6 Half Bathrooms

Exterior

Community Features
Public Transportation, Shopping, Bike Path, Public School, T- Station, University

Financial

Buyer Agent Compensation
1.5%
Net Operating Income
$250,164
Tax Year
2024
Taxes
$57,409

Map

Community

Similar Listings Nearby

21 Allen Street
Somerville, MA
21 Allen Street
Somerville, MA, 02143
$8,250,000
Beds
0 Baths
SqFt
0.41 Acres
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.

Property Details

Price:
$8,250,000
MLS #:
73211304
Status:
Active
Beds:
0
Baths:
0
Address:
21 Allen Street
Type:
Land
Subtype:
5+ Family – 5+ Units Up/Down
City:
Somerville
Listed Date:
Mar 12, 2024
State:
MA
ZIP:
02143
Lot Size:
17,873 sqft / 0.41 acres (approx)
Year Built:
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Bathrooms
85 Full Bathrooms, 6 Half Bathrooms

Exterior

Community Features
Public Transportation, Shopping, Bike Path, Public School, T- Station, University

Financial

Buyer Agent Compensation
1.5%
Net Operating Income
$250,164
Tax Year
2024
Taxes
$57,409

Map

Community

Similar Listings Nearby