21 Allen Street Somerville MA 02143 MLS #73211289

There are multiple listings for this address:
21 Allen Street
Somerville, MA, 02143
$7,950,000
76 Beds
88 Baths
47,572 SqFt
0.41 Acres
$7,950,000
21 Allen Street
Somerville, MA, 02143
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:
$7,950,000
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:

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
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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Courtesy of Fortune RE. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
Rover IDX
21 Allen Street
Somerville, MA
21 Allen Street
Somerville, MA, 02143
$7,950,000
Beds
0 Baths
SqFt
0.41 Acres
$7,950,000
21 Allen Street
Somerville, MA, 02143
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:
$7,950,000
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:

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
Need more info?
Ask a Question
Ready to go see it?
Schedule a Showing
Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

More About Marie

Mortgage Calculator

 

Map

Similar Listings Nearby