$15,900,000
$16,750,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
47 Beds
56 Baths
9,999 SqFt
SOLD DATE : 12/13/2021
Key Details
Sold Price $15,900,000
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 9,999 sqft
Price per Sqft $1,590
MLS Listing ID 72861340
Sold Date 12/13/21
Bedrooms 47
Full Baths 47
Half Baths 18
Year Built 2019
Annual Tax Amount $9,999
Tax Year 9999
Lot Size 0.470 Acres
Acres 0.47
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
Presenting 400 Mystic Avenue, a new construction 30 unit, mixed use apartment community located in Somerville, Massachusetts. The boutique luxury asset is comprised of 27 residential apartment units and 3 ground floor retail commercial spaces. The apartments are currently 95% occupied and the commercial spaces, which span between 932-1,128 SF respectively, are all fully leased. The luxury apartment homes consist of an ideal mix of 1- and 2-bedroom units, offer unique and spacious layouts, as well as best-in-market unit finishes. The oversized units are comprised of 7 one-bedroom, one bath units and 20 two-bedroom, 2 bath units. Additionally, the property is strategically located steps from Assembly Row (40+ retailers, 30+ dining options) and is surrounded by multiple upcoming transformative life science projects, totaling 1.9M SF of development located within 0.5mi of the asset. OFFERS DUE WEDNESDAY, AUGUST 11th.
Location
State MA
County Middlesex
Zoning 9999
Direction The property is located on Mystic Avenue in Somerville, between Grant and Taylor Street(s).
Interior
Flooring Other
Fireplaces Number 18
Appliance Water Heater
Exterior
Exterior Feature Balcony
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, University
Roof Type Rubber
Total Parking Spaces 30
Garage No
Building
Lot Description Other
Story 18
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
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Bought with Christopher Sower • Cushman & Wakefield
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REALTOR® | Lic# 9070371