New York (CNN) -- Thirty-three years to the day after Etan Patz disappeared, bringing nationwide attention to missing children, the suspect, Pedro Hernandez, is expected to be arraigned from his bedside at Bellevue Hospital Center in Manhattan where he is being held for evaluation on potential suicide watch, according to a law enforcement source.
"When Hernandez arrived at the hospital, he began making statements that he wanted to die and a psychiatric evaluation was ordered, " the source said.
Prosecutors are expected to formally file paperwork Friday charging Hernandez with second-degree murder.
The former Manhattan stock clerk, who lived in Etan's neighborhood when the boy vanished, was arrested by police following up on a tip. Hernandez was taken to Bellevue on Friday.
Neighbors say suspect in Patz killing lived a quiet life with his family
"He was moved because he's on medications and we prefer to administer those in a hospital setting," police spokesman Paul Browne said.
Browne declined to elaborate on what kind of medications the suspect is receiving.
Hernandez, who was 19 in 1979, told police he lured Etan to a store with the promise of a soda, choked him and placed his body in the trash about a block and a half away, Police Commissioner Ray Kelly said.
"Detectives believe in the credibility of the statement," Kelly said, although investigators had not uncovered any forensic evidence linking Hernandez to the boy's disappearance.
Kelly said it is unlikely that Etan's remains would be found.
"He did the right thing, you know, to confess," Hernandez's brother-in-law Jose Lopez told CNN affiliate KYW. "Get this thing over with for the people out there and the family over here."
But Lisa Cohen, whose 2009 book, "After Etan," is widely considered the definitive account of the case, said she's not convinced that Hernandez killed the boy.
"No, I'm not, but that's not necessarily because he didn't do it," she said. "That's just because this has just happened. I'd never heard his name before."
Hernandez has no criminal record and is the father of a teenage girl, Kelly said.
Etan, 6, went missing on May 25, 1979, a block from his home in a Manhattan neighborhood. He was walking to school alone for the first time when he vanished.
His disappearance helped spawn a national movement to raise awareness of missing children, including the then-novel approach of putting an image of the child's face on thousands of milk cartons.
In the years after Etan's disappearance, Hernandez told a family member and others that he had "done a bad thing" and killed a child in New York, police said.
While the motive remained unclear, Kelly described it as a crime of opportunity and said Hernandez was remorseful.
"The detectives thought it was a feeling of relief on his part," he said.
Other employees of the store were interviewed after Etan disappeared, but not Hernandez, police said.
"I can't tell you why," Kelly said.
The police investigation continues, as does the FBI's, the agency said in a statement Thursday night.
"The FBI's investigation into the disappearance of Etan Patz remains active and ongoing. We remain determined to solve this case," FBI Assistant Director Janice K. Fedarcyk said in a statement.
Thursday's arrest came nearly a month after investigators searched the former basement workshop of carpenter Othniel Miller, who had given Etan a dollar the day before the boy's disappearance for helping him around the shop. Etan had said before he disappeared that he planned to use the dollar to buy a soda.
The search produced no apparent clues.
"Mr. Miller is relieved by these developments, as he was not involved in any way with Etan Patz's disappearance," said Miller's attorney, Michael C. Farkas. "At the same time, Mr. Miller is very pleased that those responsible for this heinous crime may be brought to justice, and the Patz family may finally have the closure they deserve."
A separate law enforcement source said Thursday that Hernandez's claims were being treated with "a healthy dose of skepticism."
The tipster whose information led to Hernandez's arrest contacted authorities months ago after news coverage of their renewed search. That contact, at least in part, prompted investigators to question Hernandez.
A spokeswoman for the Manhattan district attorney's office, which reopened the case in 2010, declined to comment on the recent development.
Etan was officially declared dead in 2001 as part of a lawsuit filed by his family against Jose Antonio Ramos, a drifter and convicted child molester acquainted with Etan's baby sitter.
A judge found Ramos responsible for the boy's death and ordered him to pay the family $2 million, money the Patz family has never received.
Although Ramos was considered a key focus of the investigation for years, he has never been charged in the case. He is serving a 20-year prison sentence in Pennsylvania for molesting another boy and is set to be released this year.
President Ronald Reagan named May 25, the day Etan went missing, as National Missing Children's Day.