Efstathios Valiotis
(Steve Valiotis)
Alma Realty
Alma Realty|Alma Realty Corp. portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$734.6 million – elevator 67.0%, walkup 17.0%; Brooklyn 35.0%, Manhattan 34.0%
77th largest portfolio by dollar value
7,437,054 sqft – elevator 69.0%, walkup 18.0%;
31th largest by SF
158 properties – Manhattan 48%, Brooklyn 21%
36th largest
6,879 residential units – Manhattan 41.0%, Brooklyn 34.0%
21th 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: 5 for $170.3 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 2 for 104,791 square feet
Top Ten Associated Companies:
Ridgewood Savings Bank (3), Efstathios Valiotis (2), Bernard Muschel (1), Anthony Trupia (1), Stagg Group (1), JPMorgan Chase (1), Chestnut Holdings (1), Gulbor Rosenstock (1), Sentinel Real Estate (1), Deutsche Bank (1)
Top Ten Associated People:
Lee Krantzow (1), Anthony Trupia (1), Mark Stagg (1), Ursula Flores (1), Jonathan Wiener (1), Gulbor Rosenstock (1), Brian Ritter (1), Daniel Eisenberg (1), Anthony Pontoriero (1), Richard O’Rourke (1)
Recent activity as signatory:
• 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.
• Efstathios Valiotis filed plans for major alteration for 94,978 sqft in Washington Heights, Manhattan, on May 09, 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.
• Efstathios Valiotis filed plans for major alteration for 9,813 sqft in Washington Heights, Manhattan, on October 24, 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.
Latest Stories:
• 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
• 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 pays $14.6M to Bernard Muschel for rental in Washington Heights January 05, 2022
• Alma Realty pays $11M to Harry Silverstein family for property in Briarwood August 14, 2020