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

Property Image
SOLD
$7,600,000
Kyle Burkhardt
Joshua Cohen
Michael Berndt
+ 1

New York

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Industrial33,540 SF
Sold 01/12/2026
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Property Image
SOLD

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

10 Commerce Drive

See Similar Deals
Industrial33,540 SF
Sold 01/12/2026
Kyle Burkhardt
Joshua Cohen
Michael Berndt
+ 1
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$226
Total Square Footage:33,540 SF
Transaction Type:Sale

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
Kyle Burkhardt
6 deals$58.1M volume(516) 504-5299
BROKER
Joshua Cohen
Newmark
Joshua Cohen
4 deals$26.9M volume(631) 673-0817
BROKER
Michael Berndt
Paramount Properties Group
Michael Berndt
7 deals$38.6M volume(516) 647-1767
BROKER
Gary Chimeri
Paramount Properties Group
Gary Chimeri
BROKER

Details

SOLD
IMAGE: Joshua Cohen, Kyle Burkhardt, Michael Berndt & Gary Chimenri DATE: 01/12/2026 ADDRESS: 10 Commerce Drive MARKET: Hauppauge ASSET TYPE: Industrial ~ ACRES: 2.45 BUYER: Royal Apparel SELLER: Mr. BBQ Realty LLC BUYER'S REP: Joshua Cohen & Kyle Burkhardt - Newmark (@Newmark) SELLER'S REP: Michael Berndt & Gary Chimenri - Paramount Properties Group (@Paramount_PG) SALE PRICE: $7,600,000 SF: 33,540 ~ PPSF: $227 NOTE: Royal Apparel, a Long Island apparel manufacturer, paid $7.6 million for a 33,540-square-foot industrial building at 10 Commerce Drive, Hauppauge, expanding its footprint alongside an existing 38,000-square-foot facility.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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