advanced search Alma Realty
Alma Realty is a New York City-based landlord and real estate developer founded in 1988 by Efstathios Valiotis. In addition to properties across Queens and Brooklyn, the family-run firm's portfolio includes Center City Mall and the residential conversion of the Alexander Hamilton Hotel in Paterson, NJ, as well as properties in Jersey City, Newark and Trenton. The firm also owns properties in Westchester County.
Critics allege the company cuts corners on maintenance and safety at its buildings and gives short shrift to tenants' rights. In 2015, Con Edison found that eight buildings in the Bronx and Upper Manhattan owned by Alma Realty had illegal gas hookups.
In 2020, amid the COVID-19 pandemic, Alma Realty offer the city of Paterson more than 200,000 square feet of space as well as a newly built unoccupied apartment building on Church Street with 72 apartments for use in local mitigation efforts.
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Alma Realty, Founder
31-10 37th Avenue, Suite 500, Long Island City, NY, (718) 267-0300
31-10 37th Avenue, Suite 500, Long Island City, NY, (718) 267-0300
Efstathios Valiotis, who goes by Steve, is the founder and president of privately-held...
- Event Financing
- Address 107-10 Shore Front Parkway
- Neighborhood Far Rockaway
- Borough Queens
- Price $ 107,000,000
- Publication Date 11/29/2019
- Event Date 11/29/2019
- Party 1 Alma Realty
- Party 2 New York Community Bank
notes
The owner secured a loan of $107 million for the Far Rockaway portfolio.
- Event Sales
- Address 4468 Broadway
- Neighborhood Washington Heights
- Borough Manhattan
- Square feet 20,000
- Price $ 9,100,000
- Publication Date 04/02/2018
- Event Date 03/22/2018
- Party 1 Broadway 10th Ave Corp.
- Party 1 Brokerage Besen & Associates
- Party 1 Broker Ron Cohen, Hilly Soleiman, Amit Doshi
- Party 2 Alma Realty
notes
The buyer secured the Washington Heights building for $9.1 million.
- Event Office Leasing
- Address 30-30 Northern Boulevard
- Neighborhood Sunnyside
- Borough Queens
- Square feet 15,303
- Price per foot $ 38.00
- Publication Date 08/01/2017
- Event Date 06/29/2017
- Party 1 Alma Realty
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Mitchell Arkin, Bruce Mosler
- Party 2 Charles H. Greenthal Property Sales
- Party 2 Brokerage Cushman & Wakefield
- Party 2 Broker Remy Liebersohn, Robert Eisenberg
notes
The real estate company inked a 12-year lease.
- Event Financing
- Address 34-46 33rd Street
- Neighborhood Sunset Park
- Borough Queens
- Square feet 193,000
- Price $ 55,000,000
- Publication Date 04/01/2017
- Event Date 02/15/2017
- Party 1 Alma Realty
- Party 2 Deutsche Bank
notes
The company secured a $55 million mortgage.
- Event Financing
- Address 36-46 33rd Street
- Neighborhood Sunset Park
- Borough Queens
- Square feet 193,000
- Price $ 55,000,000
- Publication Date 04/01/2017
- Event Date 02/15/2017
- Party 1 Alma Realty
- Party 2 Deutsche Bank
notes
The company secured a $55 million loan to refinance its office tower.
- Event Financing
- Address 34-46 Vernon Boulevard
- Neighborhood Long Island City
- Borough Queens
- Price $ 60,000,000
- Publication Date 09/01/2016
- Event Date 07/15/2016
- Party 1 Alma Realty Associates
- Party 2 Deutsche Bank
notes
The company secured a $60 million loan that includes a $34.2 million construction loan and a $23.6 million gap mortgage.
- Event Residential Sales
- Building Name 42-55 Colden Street
- Address Unit 14R, 42-55 Colden Street
- Unit 14R
- Neighborhood Flushing
- Borough Queens
- Price $ 245,000
- Publication Date 07/15/2015
- Event Date 06/05/2015
- Party 1 Alma Realty Associates
- Party 2 Yuen, Jack C
- Event Residential Sales
- Building Name 42-55 Colden Street
- Address Unit 10B, 42-55 Colden Street
- Unit 10B
- Neighborhood Flushing
- Borough Queens
- Price $ 220,000
- Publication Date 07/28/2014
- Event Date 07/21/2014
- Party 1 Alma Realty Associates
- Party 2 Jiang, Ping
- Event Retail Leasing
- Address 42402 50th Avenue
- Neighborhood Long Island City
- Borough Queens
- Square feet 7,697
- Publication Date 03/01/2014
- Event Date 01/15/2014
- Party 1 50-01 2nd Street
- Party 1 Brokerage Alma Realty
- Party 1 Broker Aaron Fishbein
- Party 2 Harvest Market
- Party 2 Brokerage Winick Realty Group
- Party 2 Broker Aaron Fishbein
notes
The market signed a lease.
- Event Residential Sales
- Building Name 42-55 Colden Street
- Address Unit 16T, 42-55 Colden Street
- Unit 16T
- Neighborhood Flushing
- Borough Queens
- Price $ 200,000
- Publication Date 12/03/2013
- Event Date 11/21/2013
- Party 1 Alma Realty Associates
- Party 2 Chen, Shi Jing; Chen, Shun Lin
- Event Residential Sales
- Building Name 42-55 Colden Street
- Address Unit 11B, 42-55 Colden Street
- Unit 11B
- Neighborhood Flushing
- Borough Queens
- Price $ 245,000
- Publication Date 11/25/2013
- Event Date 11/11/2013
- Party 1 Alma Realty Associates
- Party 2 Huang, Weidong; Li, Zhiying
- Event Residential Sales
- Building Name 42-55 Colden Street
- Address Unit 11G, 42-55 Colden Street
- Unit 11G
- Neighborhood Flushing
- Borough Queens
- Price $ 160,000
- Publication Date 09/14/2012
- Event Date 08/28/2012
- Party 1 Alma Realty Associates
- Party 2 Young, Faye
- Event Sales
- Address Manhattan portfolio
- Neighborhood SoHo
- Borough Manhattan
- Price $ 65,000,000
- Publication Date 07/01/2012
- Event Date 05/17/2012
- Party 1 Vantage Properties, Area Property Partners
- Party 1 Broker Peter Hauspurg, David Schechtman, Lipa Lieberman
- Party 2 Sentinel Real Estate, Alma Realty, Onex Real Estate Partners
- Event Sales
- Address 80 Fort Washington Avenue
- Neighborhood Washington Heights
- Borough Manhattan
- Price $ 65,000,000
- Publication Date 07/01/2012
- Event Date 05/22/2012
- Party 1 Benchmark Real Estate Group
- Party 1 Brokerage Eastern Consolidated
- Party 1 Broker Peter Hauspurg, David Schechtman, Lipa Lieberman
- Party 2 Sentinel Real Estate, Alma Realty, Onex Real Estate Partners
notes
The package of Upper Manhattan residential buildings sold for $65 million. Sentinel bought 80 Fort Washington Avenue, 86 Fort Washington Avenue, 66-72 Fort Washington Avenue and 884 Riverside Drive; Alma and an unnamed partner acquired 3885 Broadway, 4455 Broadway and 3915 Broadway; and Onex, which had been a holder of mezzanine debt, took title to the 64-unit 3900 Broadway.
- Event Sales
- Address 30-30 Northern Boulevard
- Neighborhood Long Island City
- Borough Queens
- Price $ 21,500,000
- Publication Date 05/01/2011
- Event Date 03/17/2011
- Party 1 Edward J. Minskoff Equities
- Party 1 Broker Kostas Alafoyiannis, John Maltz
- Party 2 ALMA Realty
- Party 2 Brokerage Greiner-Maltz
- Party 2 Broker Kostas Alafoyiannis, John Maltz
- Event Office Leasing
- Address 36-36 33rd Street
- Neighborhood Long Island City
- Borough Queens
- Square feet 7,200
- Publication Date 10/01/2009
- Event Date 08/17/2009
- Party 1 Scharff Weisberg, City View Plaza LLC
- Party 1 Brokerage Signature Partners, Alma Realty Corp.
- Party 1 Broker Robert Frost, Peter Kosteas
- Party 2 Joint Council 1217
- Party 2 Brokerage ABS Partners Real Estate
- Party 2 Broker Steven Solomon
notes
The labor organization subleased space for three years and signed a direct lease with the landlord for an additional seven years.
- Event Sales
- Address 37-01 31st Street
- Neighborhood Long Island City
- Borough Queens
- Price $ 12,000,000
- Publication Date 06/01/2006
- Event Date 04/17/2006
- Party 1 Sholom & Zuckerbrot Realty
- Party 1 Brokerage Sholom & Zuckerbrot Realty
- Party 1 Broker Joseph Eliasoph
- Party 2 ALMA Realty
- Party 2 Brokerage ALMA Realty
- Party 2 Broker Stephen Valiotis
Queens, 11102
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125 Wadsworth Avenue is a 13,820 square foot property built in 1910 in...
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CITYVIEW PLAZA, LLC
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36-46 33rd Street is a 193,034 square foot property built in 1916 in...
Manhattan, 10031
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466 WEST 149TH STREET, LLC
1795 Amsterdam Avenue is a 11,360 square foot property built in 1920 in...
Manhattan, 10032
83-87 AUDUBON AVENUE, LLC
83-87 AUDUBON AVENUE, LLC
85 Audubon Avenue is a 15,584 square foot property built in 1911 in...
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2100-2102 AMSTERDAM AVENUE, LLC.
2100-2102 AMSTERDAM AVENUE, LLC.
2100 Amsterdam Avenue is a 12,195 square foot property built in 1905 in...
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2100-2102 AMSTERDAM AVENUE, LLC.
2100-2102 AMSTERDAM AVENUE, LLC.
2102 Amsterdam Avenue is a 11,355 square foot property built in 1898 in...
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622 EAST 187TH STREET LLC
622 EAST 187TH STREET LLC
622 East 187th Street is a 22,500 square foot property built in 1931...
Queens, 11367
150-18-28 UNION TURNPIKE ASSOCIATES LLC
150-18-28 UNION TURNPIKE ASSOCIATES LLC
150-10 Union Turnpike is a 23,717 square foot property built in 1975 in...
Queens, 11367
ALMA REALTY, 150-18-28 UNION TURNPIKE ASSOC.
ALMA REALTY, 150-18-28 UNION TURNPIKE ASSOC.
This property is a new development. The developer(s) filed plans in August of...
Queens, 11106
ALMA REALTY CORP.
ALMA REALTY CORP.
This property is a new development. The developer(s) filed plans in January of...
Queens, 11101
NORTH 30 ASSOCIATES LLC
NORTH 30 ASSOCIATES LLC
This property is a new development. The developer(s) filed plans in January of...
Bronx, 10460
ALMA REALTY, ALMA REALTY CORP.
ALMA REALTY, ALMA REALTY CORP.
This property is a new development. The developer(s) filed plans in June of...
Queens, 11106
ALMA REALTY CORPORATION, DAVIDSON EQUITIES LLC
ALMA REALTY CORPORATION, DAVIDSON EQUITIES LLC
This property is a new development. The developer(s) filed plans in May of...
09/01/2017
The Chetrit Group, headed by brothers Joseph and Meyer Chetrit, and Alma Realty, founded by Efstathios Valiotis in 1988, rounded out the top five, with 8.3 million square feet and 7.2 million square feet in holdings, respectively...
09/01/2015
Many of the boroughâs colossal projects have been in the works for years, like The Durst Organizationâs 2,400-unit Hallets Point, which is slated to start construction this fall, and Alma Realtyâs roughly 1,700-unit Astoria Cove development, which will have 460 affordable units...
02/01/2014
E&M is among a number of investors nabbing Upper Manhattan units in bulk. Theyâre joined by New Jerseyâ'based outfits like Treetop Development and the Orbach Group, Queens-based Alma Realty, Doug Eisenberg of A&E Real Estate and Castellan Real Estate Partners...
Queens, 11367
ALMA REALTY, 150-18-28 UNION TURNPIKE ASSOC.
ALMA REALTY, 150-18-28 UNION TURNPIKE ASSOC.
This property is a new development. The developer(s) filed plans in August of...
Queens, 11106
ALMA REALTY CORP.
ALMA REALTY CORP.
This property is a new development. The developer(s) filed plans in January of...
Queens, 11101
NORTH 30 ASSOCIATES LLC
NORTH 30 ASSOCIATES LLC
This property is a new development. The developer(s) filed plans in January of...
Bronx, 10460
ALMA REALTY, ALMA REALTY CORP.
ALMA REALTY, ALMA REALTY CORP.
This property is a new development. The developer(s) filed plans in June of...
Queens, 11106
ALMA REALTY CORPORATION, DAVIDSON EQUITIES LLC
ALMA REALTY CORPORATION, DAVIDSON EQUITIES LLC
This property is a new development. The developer(s) filed plans in May of...