The Real Deal New York

Alex Sapir is cutting his ties to New York — and just listed his West Chelsea apartment

The real estate mogul moved to Miami over the winter break
January 31, 2019 09:00AM

Alex Sapir in Miami with 447 West 18th Street in the background (Credit: Steve Cadman via Flickr, Getty Images, and Google Maps)

Alex Sapir, the formerly New York-based real estate mogul, has listed his West Chelsea apartment for $11.5 million.

The five-bedroom pad at 447 West 18th Street, known as Chelsea Modern, spans 3,950 square feet and has views of the Hudson River. He bought the apartment in 2014 for $9.4 million, according to the New York Post.

Sapir, who is the son of late Russian-born developer Tamir Sapir and now leads Sapir Corp., a publicly traded Israeli investment company, has been gradually building out his portfolio in Miami, where he moved over the past few weeks.

Last September, TRD detailed Sapir’s new purchases in South Florida, including a 1.7 million-square-foot mixed-use development in Miami’s Arts & Entertainment District. He also paid $17 million waterfront home in Miami Beach’s Venetian Islands. [NYP] — David Jeans