Efstathios Valiotis

(Steve Valiotis)

Alma Realty

(Alma Realty Corp.)

Alma Realty portfolio

$771.8 million* – elevator 64.0%, walkup 16.0%; Manhattan 33.0%, Brooklyn 33.0%

79th largest portfolio by dollar value

7,740,325 sqft – elevator 67.0%, walkup 18.0%;

33th largest by SF

160 properties – Manhattan 48%, Brooklyn 21%

45th largest

6,963 residential units – Manhattan 42.0%, Brooklyn 33.0%

22th largest by residential units

0 foreclosures, 0 bankruptcies, 14 other court cases.

Person Activity past 24 months:

Buyer signatory: 2 for $16.3 million

Seller signatory: 1 for $4.3 million

Borrower signatory: 6 for $190.8 million

Developer (new building or major alteration): 126.0 for 104,791 square feet

Top Ten Associated Companies:

Ridgewood Savings Bank (3), Efstathios Valiotis (2), Deutsche Bank (2), Bernard Muschel (1), Anthony Trupia (1), Stagg Group (1), JPMorgan Chase (1), Chestnut Holdings (1), Gulbor Rosenstock (1), Sentinel Real Estate (1)

Top Ten Associated People:

Daniel Eisenberg (2), Lee Krantzow (1), Anthony Trupia (1), Mark Stagg (1), Ursula Flores (1), Jonathan Wiener (1), Gulbor Rosenstock (1), Brian Ritter (1), Anthony Pontoriero (1), Richard O’Rourke (1)

Recent activity as company:

Alma Realty borrowed $20.5 million from Deutsche Bank for 30-30 Northern Boulevard, Long Island City, Queens on January 21, 2025.

Alma Realty borrowed $22 million from Provident Bank for 232-226 Taaffe Place, Bedford Stuyvesant, Brooklyn on January 07, 2025.

Alma Realty borrowed $122.2 million from Deutsche Bank for 34-46 Vernon Blvd and 34-46 Vernon Blvd, Astoria, Queens on July 29, 2024.

Alma Realty borrowed $8.3 million from Ridgewood Savings Bank for 92 Pinehurst Avenue, Washington Heights, Manhattan on April 04, 2024.

Alma Realty borrowed $8 million from Ridgewood Savings Bank for 658-666 West 188th Street, Washington Heights, Manhattan on April 04, 2024.

Alma Realty borrowed $9.8 million from Ridgewood Savings Bank for 1775 East 18th Street, Sheepshead Bay, Brooklyn on December 05, 2023.

Sentinel Real Estate sold 1775 East 18th Street, Sheepshead Bay, Brooklyn for $13.1 million to Alma Realty on December 05, 2023.

Gulbor Rosenstock sold 4441 Broadway, Washington Heights, Manhattan for $3.2 million to Alma Realty on June 15, 2023.

Alma Realty sold 622 East 187th Street, Belmont/Little Italy, Bronx for $4.3 million to Chestnut Holdings on June 07, 2023.

Alma Realty borrowed $14.8 million from First National Bank of Long Island for 220 Highland Boulevard and 200 Highland Boulevard, Cypress Hills, Brooklyn on April 15, 2022.

Latest Stories:

• Alma Realty signs $20.5M refi loan with Deutsche Bank for office in Long Island City (January 22, 2025)

• Alma Realty signs $9.8M refi for two rentals in Upper Manhattan (September 23, 2024)

• Stagg Group signs $16.8M refi with Berkadia for 72-unit rental in West Farms (April 08, 2024)

• Alma Realty pays $13.1M to Sentinel for 96-unit rental in Sheepshead Bay (December 06, 2023)

• Sentinel sells two rentals for $18.1M to Alma Realty, one was part of $4M kickback settlement (September 14, 2023)

• Alma Realty pays $10.7M to Sentinel for 88-unit rental in Washington Heights (September 11, 2023)

• Chestnut Holdings pays $4.3M to Alma Realty for 24-unit walkup in Belmont (June 08, 2023)

• Alma Realty signs $49M refi loan with Dime for 10 properties in Manhattan (July 28, 2022)

• Alma Realty signs $14.8M refi for two residential elevator properties in Cypress Hills (April 18, 2022)

• Alma Realty signs $31.2M refi for 3 elevator rentals in Washington Heights (March 24, 2022)

Court Records:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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