Artboard 1? alert-icon? Artboard 1? ? ? delete-icon? edit-icon? email-icon hide-hover-icon? Artboard 1? login-icon-white Artboard 1? next-icon-left next-icon-right-left next-icon-left-ochre next-icon next-icon-right-grey next-icon-right-ochre plus-with-circle-iconP search-fw-icon? search-icon-ochre search-icon-white

21 Allen Street

Somerville, MA 02143
NEW CONSTRUCTION
1 of 4 Photos Map
$7,595,000
76 Beds
85/6 Baths
47,572 Living Area
  • 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.
  • Highlights
    • Has View: Yes
    • Property Type: 5+ Family - 5+ Units Up/Down
    • Year Built: 2025
    • Property Class: Residential Income
    • Total Rooms: 99
    • Status: Active
  • Additional Details
    • Foundation: Concrete Perimeter
    • Total Number of Units: 69
    • Year Built Details: To Be Built
    • Zoning: Ur
    • Lot Features: Cleared, Level
    • View: City View(s)
    • Year Built Source: Owner
  • Amenities
    • Community Features: Public Transportation, Shopping, Bike Path, Public School, T-Station, University
  • Utilities
    • Sewer: Public Sewer
    • Water Source: Public
  • Fees / Taxes
    • Assessed Value: $5,378,000
    • Compensation Based On: Gross/Full Sale Price
    • Taxes: $57,409
    • Buyer Agent Compensation: 1.5%
    • Tax Year: 2024
    • Total Rent: $15,322

Location

21 Allen Street, Somerville, MA 02143

Loading Map...

Similar Listings

33 Bowdoin Street 1
34 Photos
33 Bowdoin Street Boston, MA 02114
$6,800,000
8 Beds 7/3 Baths 6,332 Sqft
View Details
Content © 2024 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Fortune RE. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
  • Request More Information:

    617.262.2500
    When you are ready, please contact us and we will put our unrivaled knowledge of the Boston real estate market to work for you. Whether you are buying a luxury condo or renting a luxury apartment, we pledge to make your experience as stress free and enjoyable as possible.

    Please call, email, or send us a message through the web form below. An LRG Real Estate agent will contact you promptly.

    For More Info Please Call:

    617.262.2500

    or

    Email Us
  • Hidden
  • This field is for validation purposes and should be left unchanged.

By joining you agree to our Terms of Use and Privacy Policy