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10 Commerce Drive

Royal Apparel Acquires Industrial Building In Hauppauge For $7.6 Million With Newmark As Buyer's Rep
SOLDIndustrial

Royal Apparel Acquires Industrial Building In Hauppauge For $7.6 Million With Newmark As Buyer's Rep

10 Commerce Drive

$7,600,000

$226/SF

Building Size

33,540 SF

Asset Type

Industrial

Closing

Jan 12, 2026

AI

The property involved in this transaction is a 33,540-square-foot industrial building located at 10 Commerce Drive, Hauppauge, on a 2.45-acre lot. The sale price was $7,600,000, translating to a price per square foot of $227.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $7,600,000
  • Address: 10 Commerce Drive
  • Market: Hauppauge
  • Acres: 2.45
  • Buyer: Royal Apparel
  • Seller: Mr. BBQ Realty LLC
  • Buyer's Representative: Joshua Cohen & Kyle Burkhardt - Newmark
  • Seller's Representative: Michael Berndt & Gary Chimenti - Paramount Properties Group
  • Square Footage: 33,540
  • Price Per Square Foot: $227

Royal Apparel, a Long Island apparel manufacturer, is expanding its footprint by acquiring this property, which is situated alongside an existing facility that measures 38,000 square feet.

Players

Kyle Burkhardt

Newmark

Broker

$58.1M

vol

6 deals

Broker

Hauppauge Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.09%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93