Joseph Banda
Development
Ranco Capital
Owner
Ranco Capital NYC portfolio
$458.5 million -walkup 29%, elevator 22%, office 12%; Brooklyn 74%, Manhattan 23%, Bronx 1%*
490th largest portfolio by dollar value
324,848 sqft – elevator 46%, walkup 26%, office 9%; Brooklyn 83%, Manhattan 9%, Bronx 5%
1138th largest by SF
25 properties – Brooklyn 84%, Bronx 8%, Manhattan 4%
418th largest
436 residential units – Brooklyn 62%, Manhattan 30%, Bronx 6%
649th largest by residential units
3 foreclosures, 0 bankruptcies, 3 other court cases.
Person Activity past 24 months:
Buyer signatory: 3 for $37.1 million
Borrower signatory: 6 for $170.8 million
Developer (new building or major alteration): 16 for 256,907 square feet
Top Ten Associated Companies:
Grasshopper Bank (2), BridgeCity Capital (2), Charles P. Scaturro (1), Ponce Bank (1), Renaye B. Cuyler (1), Maria K. Sealy (1), Jacky Jiang (1), Robert Thomas (1), Parke Bank (1), Pauline Lam (1)
Top Ten Associated People:
Arthur M. Birenbaum (2), Charles P. Scaturro (1), Renaye B. Cuyler (1), Maria K. Sealy (1), Jacky Jiang (1), Hung Henry Koon, Pauline Lam (1), Eric Goodman (1), Ellen Hoey (1), Terence McArdle (1), Joseph Mattone and James Mannix (1)
Recent activity as signatory:
• Renaye B. Cuyler and Maria K. Sealy sold None for $10.6 million to Ranco Capital on April 27, 2026.
• Ranco Capital borrowed $36.4 million from BridgeCity Capital for None on April 27, 2026.
• Joseph Banda filed plans for new building for 68,892 sqft in Crown Heights, Brooklyn, on March 23, 2026.
• Joseph Banda filed plans for new building for 93,100 sqft in Bedford Stuyvesant, Brooklyn, on March 23, 2026.
• Jacky Jiang and Robert Thomas sold None for $14 million to Ranco Capital on February 26, 2026.
• Ranco Capital borrowed $10.5 million from BridgeCity Capital for None on February 26, 2026.
• Gilar Realty and Ranco Capital borrowed $82 million from Affinius Capital for 534 3 Avenue on February 04, 2026.
• Ranco Capital borrowed $3.8 million from Grasshopper Bank for 1075 Bedford Avenue on January 16, 2026.
• Charles P. Scaturro sold None for $12.5 million to Ranco Capital on January 07, 2026.
• Ranco Capital borrowed $33.9 million from Ponce Bank for None on January 07, 2026.
• Joseph Banda filed plans for new building for 72,065 sqft in Williamsburg, Brooklyn, on August 15, 2025.
• Ranco Capital borrowed $4.2 million from FourLeaf Federal Credit Union for 228 20 Street on July 24, 2025.
• Robert Gilardian borrowed $82 million from Bridgecity Capital for 534 3 Avenue on August 16, 2024.
• Robert Weil sold 83 Ainslie Street for $2.8 million to Joseph Banda on November 30, 2023.
• Joseph Banda borrowed $7 million from Grasshopper Bank for 166 20 Street on October 24, 2022.
• Joseph Banda borrowed $16 million from Goodman Capital for 441 4 Avenue on April 13, 2022.
• Joseph Banda borrowed $45.4 million from Valley National Bank for 441 4 Avenue on April 13, 2022.
• Joseph Banda borrowed $55 million from Bridge City Funding for 441 4 Avenue on January 28, 2022.
• Joseph Banda borrowed $6 million from 1st Constitution Bank for 506 East 23 Street on November 16, 2021.
• Ranco Capital borrowed $16.5 million from Parke Bank for 2045 Ocean Avenue on October 26, 2021.
Latest Stories:
• Ranco Capital pays $10.6M for 71-unit dev site in Crown Heights (May 08, 2026)
• Ranco Capital pays $14M to for industrial in Bedford Stuyvesant (March 05, 2026)
• Ranco Capital pays $12.5M for 69-unit dev site in Williamsburg (February 03, 2026)
Court Records: