Updated Nov 9, 2026
Michael Berkowitz Acquires Ansonia Landing Shopping Center In Ansonia Connecticut For $8.3M
100 Division Street & 172 Division Street
$8,300,000
$90/SF
Building Size
91,447 SF
Asset Type
Retail
Closing
Oct 21, 2026
About this deal
AI
The asset involved in this transaction is the Ansonia Landing Shopping Center located at 100-172 Division Street in Ansonia, Connecticut. The transaction was completed for a total of $8.3 million, featuring a size of 91,447 square feet with a price per square foot of $91.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,300,000
- Square Footage: 91,447
- Price Per Square Foot: $91
- Market: Ansonia, CT
- Buyer: Michael Berkowitz
- Representatives: Penny Wickey & Charlie Manuel - Saugatuck Commercial Real Estate
Investor Michael Berkowitz acquired the shopping center from a KIMCO-led partnership. The transaction was facilitated with the representation of Saugatuck Commercial Real Estate, represented by Penny Wickey and Charlie Manuel.
On the Map
$8,300,000
$90/SF
Retail
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Players
Ansonia Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93