Efstathios Valiotis
(Steve Valiotis, Efstathios G. Valiotis)
Alma Realty
(Alma Realty Corp.)
Owner
Lender
Alma Realty NYC portfolio
$1.4 billion -elevator 64%, walkup 17%, office 10%; Manhattan 34%, Queens 31%, Brooklyn 30%*
149th largest portfolio by dollar value
7,604,827 sqft – elevator 68%, walkup 18%, office 9%; Manhattan 36%, Queens 30%, Brooklyn 28%
44th largest by SF
147 properties – Manhattan 49%, Brooklyn 20%, Queens 19%
31th largest
6,829 residential units – Manhattan 41%, Brooklyn 32%, Queens 19%
36th largest by residential units
1 foreclosure, 0 bankruptcies, 92 other court cases.
Person Activity past 24 months:
Seller signatory: 1 for $45 million
Borrower signatory: 6 for $364.2 million
Top Ten Associated Companies:
Deutsche Bank (4), Ridgewood Savings Bank (3), Sentinel Real Estate (3), Efstathios Valiotis (2), Stagg Group (1), Gulbor Rosenstock (1), Chestnut Holdings (1), KS Group (1), Zions Bancorporation (1), Bernard Muschel (1)
Top Ten Associated People:
Brian Ritter (3), Daniel Eisenberg (2), Anthony Pontoriero (2), David Addison (2), Mark Stagg (1), Gulbor Rosenstock (1), Jonathan Wiener (1), Brian K. Bokor (1), Lee Krantzow (1), Eric Silverstein (1)
Recent activity as signatory:
• Alma Realty borrowed $83 million from Zions Bancorporation for 559 Prospect Place on April 14, 2026.
• Alma Realty borrowed $92.5 million from Deutsche Bank for 208 Beach 108 Street on December 30, 2025.
• Alma Realty borrowed $24 million from Deutsche Bank for 37-21 31 Street on October 31, 2025.
• Alma Realty sold 25-02 9 Street for $45 million to KS Group on March 21, 2025.
• Alma Realty borrowed $20.5 million from Deutsche Bank for 30-10 Northern Boulevard on January 10, 2025.
• Alma Realty borrowed $22 million from Provident Bank for 262 Taaffe Place on December 31, 2024.
• Alma Realty borrowed $122.2 million from Deutsche Bank for 34-46 Vernon Blvd and 34-46 Vernon Blvd, Astoria, Queens on June 21, 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 March 29, 2024.
• Alma Realty borrowed $8 million from Ridgewood Savings Bank for 666 West 188 Street on March 29, 2024.
Latest Stories:
• Alma Realty signs $92.5M refi for 3 rentals in Rockaway Beach (January 13, 2026)
• Courts roundup: $32M LES bankruptcy; $25M LIC pre-foreclosure (May 06, 2025)
• KS Group signs $300M construction loan with S3 Capital for 4 projects in Astoria (April 18, 2025)
• Newark-based KS Group pays $45M to Alma for stake in Astoria project (April 07, 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)
Court Records: