Daniel Zelson And Louis J. Grossman Acquire Ansonia Shopping Center For $8.4 Million
405 East Main Street
Building Size
—
Asset Type
Retail
Closing
May 18, 2026
AI
The asset involved in this transaction is a retail property located at 405 Main Street, Ansonia, CT, comprising 175,000 square feet. The transaction took place for an amount of $8.4 million.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8.4 million
- Buyer: Daniel Zelson - Zelco Properties and Louis J. Grossman - The Grossman Companies
- Seller: AGS Ansonia LLC, Goldblum Ansonia LLC & FNLAM LLC
This deal represents a joint venture between Zelco Properties and The Grossman Companies, highlighting collaboration between these entities to acquire the property from the sellers, who are identified as AGS Ansonia LLC, Goldblum Ansonia LLC, and FNLAM LLC.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93