Updated Nov 25, 2025
Ronald J Mittelstaedt Of Waste Connections Purchases Industrial Portfolio In Jamaica Queens For $28M
172 20 Douglas Avenue, 93 34 175 Street, 93 40 175 Street, 172 25 Douglas Avenue, 93 43 175 Street, 93 41 175 Street, 93 37 175 Street, 172 25 Douglas Avenue & 172 42 Douglas Avenue
$28,000,000
Building Size
—
Asset Type
Industrial
Closing
Nov 11, 2025
About this deal
AI
An industrial asset portfolio consisting of multiple properties located at 172-20 Douglas Avenue, 93-34 175 Street, 93-40 175 Street, 172-25 Douglas Avenue, 93-43 175 Street, 93-41 175 Street, 93-37 175 Street, and 172-42 Douglas Avenue in Jamaica, Queens, has been sold. The total sale price for the transaction was $28,000,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $28,000,000
- Buyer: Ronald J Mittelstaedt - Waste Connections
- Seller: Christopher Hein
- Market: Jamaica, Queens
Waste Connections, under the leadership of Ronald J Mittelstaedt, acquired the industrial asset portfolio from Christopher Hein, marking a significant transaction in the industrial real estate market of Jamaica, Queens.
On the Map
$28,000,000
Industrial
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Jamaica 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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93