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Royal Apparel Acquires Industrial Building In Hauppauge For $7.6 Million With Newmark As Buyer's Rep
SOLD
New York
See Similar DealsIndustrial33,540 SF
Sold 01/12/2026
SOLD
Royal Apparel Acquires Industrial Building In Hauppauge For $7.6 Million With Newmark As Buyer's Rep
10 Commerce Drive
See Similar DealsIndustrial33,540 SF
Sold 01/12/2026
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.
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BROKER
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$405,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,001.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,027.88
Annual Debt Service$432,334.53
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