Joshua Levy Of Levy Legacy Group Acquires Retail Center In West Hartford For $7.42M
176 Newington Road
$7,420,000
$89/SF
Building Size
82,738 SF
Asset Type
Retail
Closing
Jul 27, 2026
AI
The retail asset sold is located at 176 Newington Road in West Hartford, Connecticut. The transaction involved a sale price of $7,420,000. The asset encompasses a total square footage of 82,738, resulting in a price per square foot of $90.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $7,420,000
- Buyer: Joshua Levy - Levy Legacy Group
- Market: West Hartford, CT
- Square Footage: 82,738
- Price Per Square Foot: $90
This acquisition marks the initial investment for Levy Legacy Group, which partnered with Hajjar Management in the transaction of the Stop & Shop-anchored retail center.
Newington 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
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93