Tamir Sapir, who died in 2014, was a New York City-based real estate investor and the founder of the Sapir Organization. Sapir was born in Tbilisi, Georgia, in either 1946 or 1947, in what was then a republic of the Soviet Union; after leaving the country, he became a millionaire on import-export contracts with the USSR as its 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. 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.
It’s no secret that real estate isn’t cheap anywhere these days, but these palatial homes give expensive a whole new definition. Tags: mansions ...
...million, 8-acre estate. The Gatsby-style 60,000-square-foot property was built by Tamir Sapir, a Russian émigré who made a fortune in New York...
...Tamir Sapir and 11 Madison Avenue
From the small electronics store he owned...
...Sapir and Rotem Rosen with a portrait of the late Tamir Sapir
SL Green Realty just closed on its $2.6 billion purchase of...
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...
...From left: Tamir Sapir, William Zeckendorf Jr., Bernard Spitzer and Glenn Markman
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....
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....
...feet of office space -- in the cloud
5. Sapir Organization's Tamir Sapir dies...
Tamir Sapir, a Soviet émigré who made his fortune bartering fertilizer and...
...From left: Tamir Sapir, 11 Madison Park and Richard Ressler
From the September issue: Once...
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...
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...
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...
...worker allegedly steals $200K in antique champagne buckets from developer Tamir Sapir
2. Midwood Properties demolishing Frank Lloyd Wright-designed Mercedes-Benz showroom
3. Outer boroughs...
...at a Midtown office building owned by real estate investor Tamir Sapir, several industry sources told The Real Deal. The beverage manufacturer...
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...
...Real estate billionaire Tamir Sapir has rented a waterfront Southampton compound for the summer, the...
...site for $305 million in January and it has bought Tamir Sapir’s William Beaver House, a stake in 11 Madison Avenue and...
...Developer Tamir Sapir and the William Beaver House
The distressed sale of the...
...says it's high time for a new tourist destination development
2. Tamir Sapir settles Duke-Semans Mansion suit with Brown Harris Stevens' Paula Del...
...and 1 Rector Park re-started sales. Mexican billionaire Carlos Slim bought Tamir Sapir’s Fifth Avenue townhouse, the Duke Semans mansion, for $44 million...
...Madison Avenue and Tamir Sapir
Los Angeles-based investment firm CIM Group has picked up an...
...Tamir Sapir and William Beaver HouseTamir Sapir, the embattled billionaire developer who...
11 Madison Avenue
Second biggest office building buy of 2003