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

Property Image
SOLD
$3,350,000
Marc Berkowitz

New York

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Office8,600 SF
Sold 02/10/2026
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Property Image
SOLD

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

38 Northern Boulevard

See Similar Deals
Office8,600 SF
Sold 02/10/2026
Marc Berkowitz
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$389
Total Square Footage:8,600 SF
Transaction Type:Sale

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
2 deals$28.4M volume
BROKER

Maxx Rochlin
The Rochlin Organization
7 deals$46.7M volume
BROKER

Details

SOLD
IMAGE: Marc Berkowitz & Maxx Rochlin DATE: 2/10/2026 ADDRESS: 38 Northern Boulevard MARKET: Great Neck ASSET TYPE: Office BUYER: Ed Brown – EB Foundation SELLER: Dr. Martin Hanler BROKERS: Marc Berkowitz & Maxx Rochlin - The Rochlin Organization (@TheRochlinOrganization) SALE PRICE: $3,350,000 SF: 8,600 ~ PPSF: $389 NOTE FROM BROKER: Congratulations to the Buyer on closing this transaction. Opportunities to own along one of Long Island’s most prestigious corridors rarely come around, and when they do, they don’t last. The Buyer immediately recognized the long-term value and acted decisively. A true generational acquisition.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$178,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,901.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,880.71
Annual Debt Service$190,568.51