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

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.