$8,250,000
21 Allen Street, Somerville, MA
76
Beds
88
Baths
47,572
Square feet
0.41
Acres
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.
Facts & Features
| MLS® # | 73211289 |
|---|---|
| Price | $8,250,000 |
| Bedrooms | 76 |
| Bathrooms | 88.00 |
| Full Baths | 85 |
| Half Baths | 6 |
| Square Footage | 47,572 |
| Acres | 0.41 |
| Year Built | 2025 |
| Type | Residential Income |
| Sub-Type | 5+ Family - 5+ Units Up/Down |
| Status | Active |
| Taxes | $57,409 |
| Tax Year | 2024 |
Community Information
| Address | 21 Allen Street |
|---|---|
| City | Somerville |
| County | Middlesex |
| State | MA |
| Zip Code | 02143 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 12 |
| Basement | No |
Exterior
| Lot Description | Cleared, Level |
|---|---|
| Windows | Insulated Windows |
| Foundation | Concrete Perimeter |
Additional Information
| Zoning | UR |
|---|---|
| Condo Fees | $0 |
| Units In Complex | 69 |
| Water | Public |
| Sewer | Public Sewer |
Listing Details
| Agent | Ryan Taylor |
|---|---|
| Office | Fortune RE |
| Buyer Agent Compensation | 1.5 |
| Compensation Based On | Gross/Full Sale Price |
| Sub Agency Relationship Offered | No |