The Real Deal New York

Montefiore Medical purchases $5M facility

The Montefiore Medical Center has purchased the Farrand Building, a former rehabilitation center, at 4401 Bronx Boulevard for $5.19 million. Formerly operated by Our Lady of Mercy Medical, the 40,000-square-foot building will be used in the same capacity by its new owners, according to a statement from Kelly Lee, a representative for NAI Friedland Realty. The realty group’s Rick Stassa represented both buyer and seller in the transaction. TRD

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