Sold!
$7,300,000
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 Class: Residential Income
- Stories: 5
- Year Built: 2025
- Levels: 5
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 99
- Status: Closed
-
Additional Details
- Foundation: Concrete Perimeter
- SqFt Source: Other
- View: City View(s)
- Year Built Source: Owner
- Lot Features: Cleared, Level
- Total Number of Units: 69
- Year Built Details: To Be Built
- Zoning: Ur
-
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
- Taxes: $57,409
- Tax Year: 2024
- Total Rent: $15,322
Similar Listings
Sold
6 Photos
Sold
8 Photos
Sold
25 Photos
355-365 Prospect St & Clary St
Cambridge, MA 02139
$7,200,000
26
Beds
12
Baths
13,602
Sqft
View Details
Sold
17 Photos
Content © 2026 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.
