Alma Realty is a full-service real estate management and development company founded in 1988 and headquartered in Long Island City, New York. The privately held firm focuses on the acquisition, ownership, and management of residential, commercial, retail, and industrial properties throughout the New York and New Jersey metropolitan region. The company operates with more than a dozen branch offices across the Tri-State area and employs approximately 113 professionals. Its business model centers on long-term ownership, active property management, and strategic reinvestment in buildings. The portfolio includes multifamily walk-ups, mid-rise elevator buildings, mixed-use assets, and warehouse spaces across diverse neighborhoods ranging from Washington Heights and Astoria to Murray Hill and Upper Manhattan. The firm pursues steady acquisition and redevelopment activity, adding multifamily buildings and portfolio assets while selectively divesting properties in markets with strong investor interest. Operations are supported by professional staff specializing in leasing, compliance, maintenance, legal affairs, construction oversight, and tenant services. Alma Realty is known for its major waterfront development Astoria Cove, a multi-phased project planned for approximately 9 acres by the East River in Astoria, Queens. In March 2025, the company partnered with Newark-based KS Group and secured $300 million in construction financing for the first phase comprising 731 residential units. Geographic concentration in New York City's multifamily and mixed-use housing market presents exposure to rent-regulation frameworks and interest-rate pressures, though the company's longstanding history, deep local market knowledge, multi-sector asset mix, and operational infrastructure reinforce its position as a private real estate owner and manager in the region.