Waste Connections pays $28M to rival waste company for 13 properties in Jamaica

The public company Waste Connections through the entity Royal Waste Property Holdings, LLC paid $28 million to Christopher Hein of American Recycling Management, through the entity ARM Property Holdings LLC for the industrial building (E9) at 172-25 Douglas Avenue in Jamaica, Queens, industrial building (E1) at 93-34 175th Street in Jamaica, Queens, and industrial building (G1) at 172-42 Douglas Avenue in Jamaica, Queens. The expected use is owner-occupied.
The deal closed on November 17, 2025 and was recorded on November 24, 2025. The 13 properties have 29,675 square feet of built space and 71,261 square feet of additional air rights for a total buildable of 100,758 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $943 and the price per buildable square foot is $277 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Christopher Hein was Christopher Hein. The signatory for Waste Connections was Ronald J. Mittelstaedt . The contract date was April 24, 2025. Ronald J. Mittelstaedt is CEO of the public company Waste Connections, which purchased Royal Waste in 2024.

Prior sales and revenue

Prior to this transaction, PincusCo has records that the buyer Waste Connections purchased two properties in two transactions for a total of $39.2 million and has no record it sold any properties over the past 24 months.
The seller Christopher Hein had not purchased any other properties and had not sold any properties over the same time period. Out of the 13 properties, two with a total of 29,675 square feet of built space generated revenue of $436,094 per year.

The property

The industrial building in Jamaica has 29,675 square feet of built space and 71,261 square feet of additional air rights for a total buildable of 100,758 square feet according to a PincusCo analysis of city data. The parcel has frontage of 263 feet and is 125 feet deep with a total lot size of 33,000 square feet. The lot is irregular. The zoning is M1-1 which allows for up to 1 times floor area ratio (FAR) for manufacturing The city-designated market value for the property in 2022 is $1.9 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have received one DOB violation and $22,550 in OATH penalties in the last year.

Development

On these lots, there are two active new building construction projects and major alteration projects with initial costs more than $5 million, totaling 12,547 square feet. The largest, 421916984, is a new building project for a 12,204 square-foot S-2 building submitted by Christopher Hein with plans filed October 1, 2019 and it has not been permitted yet. The second largest, Q01139702, is a new building project for a 343 square-foot 56 building submitted by Chris Hein with plans filed November 22, 2024 and it has not been permitted yet.

The neighborhood

In Jamaica, The bulk, or 34 percent of the 29.2 million square feet of commercial built space are elevator buildings, with specialty buildings next occupying 14 percent of the space. In sales, Jamaica has near average sales volume among other neighborhoods with $256.4 million in sales volume in the last two years and is the 11th highest in Queens. For development, Jamaica has 1.6 times the average amount of major developments relative to other neighborhoods and is the 4th highest in Queens. It had 2.4 million square feet of commercial and multi-family construction under development in the last two years, which represents 8 percent of the neighborhood’s built space.

The block

On the tax block of 172-25 Douglas Avenue, PincusCo has identified the owners of 12 of the 37 commercial properties representing 48,772 square feet of the 238,192 square feet. The largest owner is Eric Sternberg, followed by Chan Debi Harriprasad and then Lirr.
On the tax block, there were 10 new building construction projects totaling 50,650 square feet. The largest is a 12,204 square-foot storage (S-2) building submitted by Christopher Hein with plans filed October 1, 2019 and it has not been permitted yet. The second largest is a nine-unit, 12,039 square-foot residential (R-2) building submitted by Abu Haque with plans filed May 14, 2019 and permitted May 20, 2021.

The majority, or 36 percent of the 238,192 square feet of built space are industrial buildings, with elevator buildings next occupying 29 percent of the space.

The buyer

The PincusCo database currently indicates that Waste Connections owned at least two commercial properties in New York City with 59,192 square feet and a city-determined market value of $3.6 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 70 percent of the 59,192 square feet of built space are industrial properties, with specialty properties next occupying 30 percent of the space. The bulk, or 70 percent of the built space, is in Queens, with Bronx next at 30 percent of the space.

Direct link to Acris document. link