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38 Northern Boulevard

Ed Brown Of EB Foundation Acquires Office Property From Dr. Martin Hanler For $3.35M
SOLDOffice

Ed Brown Of EB Foundation Acquires Office Property From Dr. Martin Hanler For $3.35M

38 Northern Boulevard

$3,350,000

$389/SF

Building Size

8,600 SF

Asset Type

Office

Closing

Feb 10, 2026

AI

The property asset involved in this transaction is an office located at 38 Northern Boulevard in Great Neck. The sale price for the property was $3,350,000, with a total square footage of 8,600, resulting in a price per square foot of $389.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $3,350,000
  • Address: 38 Northern Boulevard
  • Market: Great Neck
  • Buyer: Ed Brown – EB Foundation
  • Seller: Dr. Martin Hanler
  • Brokers: Marc Berkowitz & Maxx Rochlin - The Rochlin Organization

The deal involved Ed Brown representing the EB Foundation as the buyer and Dr. Martin Hanler as the seller. The brokers facilitating the transaction were Marc Berkowitz and Maxx Rochlin from The Rochlin Organization. A note from the broker extended congratulations to the buyer on successfully closing this transaction, highlighting the buyer's recognition of long-term value and decisive action.

Players

Marc Berkowitz

The Rochlin Organization

Broker

$28.4M

vol

2 deals

Broker

Ed Brown

Buyer

$22.8M

vol

2 deals

Buyer

Great Neck Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.74%

Cash-on-Cash

-1.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93