The Real Deal New York

Goldfarb Properties buys Bronx mixed-use building for $28M

Firm purchases property from Bronx-Lebanon Hospital

May 08, 2014 02:05PM
By Mark Maurer

1770-grand

1770 Grand Concourse and Marc Goldfarb

New Rochelle, N.Y.-based landlord and brokerage Goldfarb Properties bought a 134,000-square-foot mixed-use building in the Bronx from the Bronx-Lebanon Hospital Center for $27.8 million, according to property records filed with the city today.

The 13-story property at 1770 Grand Concourse holds 185 rental apartments, as well as 14,000 square feet of office space and 7,500 square feet of garage space. The Bronx-Lebanon Hospital Center Department of Dentistry is one of the office tenants.

The building last sold in 2004, for a mere $6.2 million, records show. The Bronx-Lebanon Hospital Center is located nearby, at 1650 Grand Concourse.

Neither Goldfarb nor a hospital spokesperson could be immediately reached for comment.

Elsewhere on the street, developer Youngwoo & Associates is in talks to redevelop the landmarked Bronx General Post Office, at 558 Grand Concourse, as previously reported.

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