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1728 Sunrise Highway

Northwell Health Acquires Office Asset From Sheldon Berkeley For $9.5 Million In Merrick
SOLDOffice

Northwell Health Acquires Office Asset From Sheldon Berkeley For $9.5 Million In Merrick

1728 Sunrise Highway

$9,500,000

$536/SF

Building Size

17,714 SF

Asset Type

Office

Closing

Feb 9, 2026

AI

The property involved in this transaction is an office asset located at 1728 Sunrise Highway in Merrick. The sale price for this transaction was $9,500,000, with the property encompassing 17,714 square feet, resulting in a price per square foot of $536.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $9,500,000
  • Buyer: Northwell Health
  • Seller: Sheldon Berkeley
  • Seller's Representative: Tom Bigansky - North Village Realty
  • Square Footage: 17,714
  • Price per Square Foot: $536
  • Date of Transaction: 2/10/2026
  • Market: Merrick

This transaction was facilitated by Tom Bigansky of North Village Realty, who represents the seller. North Village Realty specializes in the properties of Long Island and successfully closed this off-market transaction following a highly competitive bidding process. The asset had approximately three years remaining on its lease term.

Players

Tom Bigansky

North Village Realty

Broker

$57.3M

vol

18 deals

Broker

Merrick Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.67%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93