Active
21 Allen Street
Somerville MA, 02143
$8,250,000
$461.59 per sqft
Active
0.41 Acres
Land
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.
73211304
MLSⓇ ID
March 12, 2024
Listed
April 27, 2024
Updated
Map
21 Allen Street
Somerville MA, 02143
Exterior/Building Features
Lot Size
0.41 Acres
Lot Features
Level, Cleared
Sewer
Public Sewer
Other Property Details
Taxes
$57,409
Tax Frequency
Annually
Days on Market
46
Garage
No
View
Yes
View Description
City
County
Middlesex
Water Source
Public
Pool
No
Zoning
UR
Buyer Agency Compensation
1.5%
Listing History
Date | Event | Price |
|---|---|---|
4/23/2024 | Price Change | $8,250,000 -7% |
Courtesy of Ryan Taylor, Fortune RE
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Data last updated 9:07 AM UTC, 4/27/2024
