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405 East Main Street

Daniel Zelson And Louis J. Grossman Acquire Ansonia Shopping Center For $8.4 Million
SOLDRetail

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

TC
The Grossman CompaniesBuyer

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