Somerville, MA 02143,21 Allen Street

$7,300,000

Est. payment /mo

$8,000,000

8.8%
Est.Price: ?

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21 Allen Street Somerville, MA 02143

76 Beds

88 Baths

47,572 SqFt

SOLD DATE : 01/27/2025

Key Details

Sold Price $7,300,000

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Sold

Purchase Type For Sale

Square Footage 47,572 sqft

Price per Sqft $153

MLS Listing ID 73329721

Sold Date 01/27/25

Bedrooms 76

Full Baths 85

Half Baths 6

Year Built 2025

Annual Tax Amount $57,409

Tax Year 2024

Lot Size 0.410 Acres

Acres 0.41

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.

Location

State MA

County Middlesex

Zoning UR

Direction 200' North on Bennet Ct from Union Square GLX station

Exterior

Fence Fenced/Enclosed

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

View Y/N Yes

View City View(s)

Garage No

Building

Lot Description Cleared, Level

Story 12

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Others

Senior Community false

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Listed by Fortune RE
Bought with Ryan Taylor • Fortune RE
agent

Matthew Innis

Agent | License ID: 9521047

+1(508) 572-8335

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