Updated Jan 29, 2026
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
About this deal
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.
On the Map
$7,600,000
$226/SF
Industrial
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Players
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