Ranco Capital pays $14M to for industrial in Bedford Stuyvesant

Ranco Capital through the entity 1025 Atlantic LLC paid $14 million to Jacky Jiang and Robert Thomas through the entity 1025 Realty Corp. for the industrial building (E1) at 1025 Atlantic Avenue in Bedford Stuyvesant, Brooklyn.
The deal closed on February 26, 2026 and was recorded on March 4, 2026. The property has 8,270 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $1,692 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 Jacky Jiang and Robert Thomas was Jacky Jiang. The signatory for Ranco Capital was Joseph Banda . The contract date was July 4, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Ranco Capital purchased one property in one transaction for a total of $12.5 million and has no record it sold any properties over the past 24 months.
The seller Jacky Jiang had not purchased any other properties and had not sold any properties over the same time period. The 8,270-square-foot property generated revenue of $217,170 or $26 per square foot, according to the most recent income and expense figures.

The property

The industrial building in Bedford Stuyvesant has 8,270 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 50 feet and is 119 feet deep with a total lot size of 7,286 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 $1.3 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $600 in OATH penalties in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In Bedford Stuyvesant, The bulk, or 35 percent of the 54.8 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 29 percent of the space. In sales, Bedford Stuyvesant has 3.9 times the average sales volume among other neighborhoods with $1.3 billion in sales volume in the last two years and is the 2nd highest in Brooklyn. For development, Bedford Stuyvesant has 1.9 times the average amount of major developments relative to other neighborhoods and is the 4th highest in Brooklyn. It had 2.9 million square feet of commercial and multi-family construction under development in the last two years, which represents 5 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of seven of the 16 commercial properties representing 52,983 square feet of the 95,571 square feet. The largest owner is Douglaston Development, followed by Lloyd Roberts and then L+M Development Partners.
On the tax block, there was one new building construction project filed totaling 397,252 square feet. It is a 425-unit, 397,252 square-foot residential (R-2) building submitted by BEB Capital and filed by Craig Miller with plans filed October 19, 2021 and permitted April 21, 2022.

The majority, or 79 percent of the 95,571 square feet of built space are industrial buildings, with walkup buildings next occupying 19 percent of the space.

The buyer

The PincusCo database currently indicates that Ranco Capital owned at least five commercial properties with 99 residential units in New York City with 51,110 square feet and a city-determined market value of $7.3 million. (Market value is typically about 50% of actual value.) The portfolio has $87.8 million in debt, with top three lenders as Ponce Bank, Webster Bank, and Parke Bank respectively. Within the portfolio, the bulk, or 59 percent of the 51,110 square feet of built space are elevator properties, with walkup properties next occupying 23 percent of the space. They are all located in Brooklyn.

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