Updated Oct 8, 2026
SOLDIndustrial
Dan Haroun & Max Heiden Of Catalyst Investment Partners Acquire Industrial Property In Hollis Queens For $16.5M
186-14 Jamaica Avenue
$16,500,000
$717/SF
Building Size
23,000 SF
Asset Type
Industrial
Closing
Sep 23, 2026
About this deal
AI
An industrial property located at 186-14 Jamaica Avenue in Hollis, Queens has been sold. The property encompasses 23,000 square feet and was acquired for a total transaction price of $16.5 million, which equates to $717 per square foot. The sale represents a strategic asset acquisition in the industrial market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16,500,000
- Buyer: Dan Haroun & Max Heiden - Catalyst Investment Partners
- Seller: H. Verby Holding Co., Inc.
- Sale Date: September 23, 2026
- Square Footage: 23,000
- Price Per Square Foot: $717
The transaction involved Dan Haroun and Max Heiden representing Catalyst Investment Partners during the acquisition process. They have successfully completed the property purchase from H. Verby Holding Co., Inc., marking a significant investment in the Queens market.
On the Map
$16,500,000
$717/SF
Industrial
View full map
Players
Hollis Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Dan Haroun to view all their deals.
Browse Hollis industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93