SMA Equities

Launched in 2005 by brothers Samy and Sina Mahfar, SMA Equities is a family-owned real estate investment and property-management firm based in Great Neck, New York. It specializes in acquiring and repositioning rental properties—mainly multi-family apartment buildings—as well as mixed-use, retail and office developments, primarily in the greater New York City area. Its portfolio now spans over five million square feet of housing, retail and office space nationwide. In Manhattan its residential holdings include apartments in Nolita, the Lower East Side and the Upper East Side—often housed in renovated early-20th-century buildings. Many units feature high-end finishes like hardwood floors, Caesarstone kitchen counters and in-unit laundry; buildings often provide amenities such as fitness centers, 24-hour doormen and landscaped roof terraces, reflecting the company’s focus on comfortable urban living.

For broader context, SMA Equities also invests in retail and office properties nationwide, as well as land development projects. Its core strategy is a hands-on, value-add approach to revitalizing underperforming sites. A notable example is the Jones L.E.S at 331 East Houston Street in Manhattan’s Lower East Side—a luxury rental development offering condo-style apartments and amenities such as a billiards lounge, fitness center and landscaped roof deck. This project illustrates SMA’s philosophy of blending classic city settings with modern comforts. Renters in SMA properties benefit from updated, amenity-rich apartments in vibrant neighborhoods, reflecting the company’s family-driven commitment to quality and community-oriented urban living.