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

  • Print
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.

MENU

Subscribe to our email newsletters

New York Real Estate News
South Florida Real Estate News