Leo Friedman Of Citadel Care Centers Acquires Senior Housing Facility In Bronx For $45 Million

A senior housing facility located at 2550 Webb Avenue in Fordham Manor, Bronx, sold for $45 million. The property comprises 216,000 square feet and includes 295 rooms, translating to a price per square foot of $208. The transaction was facilitated through an entity-level transfer from the seller, New Jewish Home.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $45,000,000
• Address: 2550 Webb Avenue
• Market: Fordham Manor, Bronx
• Square Footage: 216,000
• Price Per Square Foot: $208
• Buyer: Leo Friedman - Citadel Care Centers
• Seller: Jeffrey I. Farber - New Jewish Home

Leo Friedman, representing Citadel Care Centers, completed the acquisition of the senior living facility from Jeffrey I. Farber of the New Jewish Home. This transaction emphasizes the growing interest in senior housing assets, as evidenced by the successful deal between these parties.