Loading
BUYER: Manatee River Real Property LLC (manager: Eugene Ehrenfeld), Brooklyn, N.Y.
SELLER: Advocare of Bradenton LLC and Daniel Mosca, as trustee of The Advocare Charitable Remainder Trust
PROPERTY: 105 E. 15th St. and 1521 and 1525 Second Ave. E., Bradenton
PRICE: $6.2 million
PREVIOUS PRICE: $1.51 million, September 1994
LAW FIRM ON DEED: Kirk Pinkerton PA, Sarasota
PLANS, DESCRIPTION:
A company led by Eugene Ehrenfeld of Brooklyn, N.Y., purchased the 110-bed Riverfront Nursing and Rehabilitation Center for $6.2 million.
The price equated to $77,531 per unit or $56,386 per bed.
The property features an 80-unit, 61,067-square-foot building on a 3.86-acre site. The community was built in 1950.
Riverfront Nursing and Rehabilitation Center ran into problems last year after its former operators were charged with Medicaid fraud. As a result, the facility's Medicaid funding was temporarily suspended for several months, which forced patients to move to other facilities.'
Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.
