Tamir Sapir | The Real Deal New York

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Tamir Sapir

Founder
Sapir Organization
260 Madison Ave
New York, NY 10016
(212) 683-5765
Website
Tamir Sapir
Tamir Sapir was a New York City-based real estate investor and the founder of The Sapir Organization, who died in 2014. Sapir was born in Tbilisi, Georgia, in either 1946 or 1947, in what was then a republic of the Soviet Union and became a millionaire on import-export contracts with the USSR as that country’s economic system was imploding. Starting in 1992, Sapir parlayed that capital into New York real estate investments and by the 2000s, Forbes was regularly putting him on its list of American billionaires. Sapir immigrated to Israel from the Soviet Union in 1973, then to Kentucky in 1975, where he worked a series of low-wage, blue-collar jobs, and finally to New York, where he drove a cab. He borrowed against his taxi medallion to open an electronics store in the 1980s, which led to USSR government contracts to supply the country with consumer goods, including electronics, in exchange for crude oil, natural gas, and products derived from those commodities, such as fertilizer. Sapir reinvested the earnings from those transactions, essentially high-risk bartering worth millions of dollars, into Manhattan real estate. Following the credit crunch of 2008-2009, some of the properties in his portfolio, heavily mortgaged, were foreclosed upon. His attorneys blamed his debt problems on a degenerative brain illness called aphasia. Sapir attended Tbilisi State University, where he studied journalism but did not earn a degree. He had five children. He divorced his first wife, Bella Sapir, in 2001, and was survived by his second wife, Elena Ponomareva. –MK
tamirsapir
09/26/15
From the small electronics store he owned many years ago on the western side of Madison Square Park, Russian immigrant Tamir Sapir could look up...
asdfasdf
09/11/15
From Luxury Listings NYC: When Marie Antoinette felt homesick in Versailles, she decided to build herself a mini Austrian village to remind her of all the...
11-Madison
08/18/15
SL Green Realty just closed on its $2.6 billion purchase of 11 Madison Avenue from the Sapir Organization and minority partner CIM Group. The deal,...
Carlos Slim
05/06/15
Mexican billionaire Carlos Slim, formerly the world’s richest man, is asking $80 million for the Upper East Side mansion he bought for $44 million five years...
obit feat
12/19/14
New York’s real estate community said goodbye in 2014 to several pioneering developers and agents who helped to shape the city’s skyline. But the year...
110church-thumb
11/07/14
The Sapir Organization is buying back the ground leases at 110 Church Street and 53 Park Place in Tribeca for $231 million from the World-Wide Group....
Beyonce
11/06/14
An apartment owned by billionaire Alex Sapir — and located in the same Tribeca building where Jay Z and Beyonce live — hit the market for $4.8 million....
09/30/14
Current reader favorites: 1. 10 most distressed properties in NYC 2. Trump exec allegedly drugged rival in GM Building bid, books claims 3. Prices in...
tamir-FB
09/29/14
Tamir Sapir, a Soviet émigré who made his fortune bartering fertilizer and oil in the 1980s and invested in New York City commercial real estate...
098 Eleven Madison se FINAL.indd
09/18/14
From the September issue: Once known as the Metropolitan Life North Building, 11 Madison Park has had its share of ups and downs over the years....
William-Beaver-House333666
12/06/13
Fifteen William, the 47-story residential building in the Financial District, was the prototypical recession-tinged condominium tower that found new life as a high-end rental. After...
From left: Harry Belafonte, 51-53 East 73rd Street and Grace Kelly
10/14/13
A pair of Upper East Side fixer-upper townhouses, once home to screen star-turned-princess Grace Kelly and singer Harry Belafonte, could be yours for only $48...
Beaver-feature-box
04/09/13
Changes are afoot at the William Beaver House, the 47-story luxury condominium-turned-rental building at 15 William Street in the Financial District. For one, Rose Associates...
Townhouse holdout next to 30 Rock (Credit: ScoutingNY)
04/08/13
Townhouse holdout next to 30 Rock (Credit: ScoutingNY) Construction worker allegedly steals $200K in antique champagne buckets from developer Tamir Sapir. Midwood Properties demolishing Frank Lloyd...
261-Madison-Avenue-279x300
06/12/12
Coca-Cola signed a lease on two floors at a Midtown office building owned by real estate investor Tamir Sapir, several industry sources told The Real...
15 William Street
04/23/12
CIM Group has refinanced $113 million in mortgage loans at William Beaver House through Axa Equitable Life Insurance, part of a debt restructuring that could...
sapirphoto.jpg
07/28/11
Real estate billionaire Tamir Sapir has rented a waterfront Southampton compound for the summer, the New York Post reported. The estate -- two homes on...
05/11/11
New York could soon witness an invasion by real estate investment CIM Group, according to a recent profile of the company by the New York...
66242_Picture-17.jpg
01/07/11
Developer Tamir Sapir and the William Beaver HouseThe distressed sale of the unsold apartments in William Beaver House -- a 47-story condominium in the Financial...
01/04/11
1. Long Island Association president says it’s high time for a new tourist destination development 2. Tamir Sapir settles Duke-Semans Mansion suit with Brown...
12/30/10
For New York City real estate, 2010 in many ways marked a return to normalcy after the tumultuous aftermath of the financial crisis. As the...
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12/16/10
11 Madison Avenue and Tamir Sapir Los Angeles-based investment firm CIM Group has picked up an equity stake in yet another Sapir Organization-developed property, 11 Madison...
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  • Event Sales
  • Address 11 Madison Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 2
  • Price $ 675,000,000
notes
Second biggest office building buy of 2003

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