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Sapir Organization

260 Madison Avenue
New York, NY 10016
(212) 683-5765
Website

Sapir Organization is a group of privately and publicly held real estate companies run by the Sapir family. Among the properties the organization owns are 218 Madison Avenue and MTA headquarters at 2 Broadway. The companies also own a number of luxury hotel condominiums and residential spaces. The company was founded by U.S.S.R-born businessman Temur Sepiashvili (who changed his last name to Sapir after immigrating to Israel). Today, son Alex runs the business (Temur reportedly has been suffering from a mental problems). In 2015, Sapir Organization and CIM Group announced the sale of 11 Madison Avenue, an iconic office building, for nearly $2.3 billion. Sapir had bought the historic building in 2003 and was joined by CIM seven years later. In 2014, the organization purchased the ground lease under 110 Church Street and 53 Park Place for $231 million, taking complete control of both sites (the company had owned the buildings). The Sapir group also purchased the Mondrian SoHo hotel at 9 Crosby Street earlier that year in a partnership with Gerard Guez, paying $205 million for the site and renaming the hotel the NoMo SoHo.


Tottenham Hotspur owner’s firm takes 46K sf at SL Green’s 100 Church
07/19/17
...control of the 1 million-square-foot office tower from the Sapir Organization in 2009. (To view more of SL Green Realty's office leasing transactions, click here...

Out with $70M: Rotem Rosen leaves Israeli firm ASRR Capital
06/22/17
...March Rosen and Sapir, who also run the Sapir Organization together, paid their partner, the Suzer Group, $10.1 million for the Turkish conglomerate's 50 percent stake...

TRD goes on WNYC to discuss CIM’s relationship with Kushner, Trump
05/25/17
...Park Avenue and invest in a handful of Sapir Organization properties, including 11 Madison Avenue and the Trump Soho project. “There was a short window...

The $2 billion club: 245 Park to join elite group of Manhattan towers
03/22/17
...Art Deco tower in the Flatiron District from Sapir Organization and CIM Group was the most expensive single-building deal in the city to date...

Here’s what the $10M-$20M NYC investment sales market looked like last week
03/07/17
...the Israel-based ASSR, whose principals also run the Sapir Organization, is paying Suzer $10.1 million for its 50 percent stake. 3.) The St. Edmunds Catholic Church on...

The 10 biggest NYC investment sales of 2016
12/29/16
...in 2015 when SL Green bought it from the Sapir Organization and CIM Group for $2.6 billion ($2.3 billion plus $300 million in lease-stipulated improvements). In August of...

Manhattan’s New Skyline (*© CIM Group)
12/13/16
...York deal was its 2010 agreement to assume the Sapir Organization’s debt in return for stakes in its properties like Trump Soho and the...

Former Bayrock receptionist accuses Trump of kissing her without permission
10/13/16
...kissing her without permission. Trump, Bayrock and partner Sapir Organization were hit with a lawsuit in 2010 for lying about how many units they sold...

NYC’s 10 biggest investment sales in August
09/28/16
...the tower in full from CIM Group and Sapir Organization was one of 2015’s top deals. The building is valued at $2.6 billion if including...

Paydirt: Mayday for Barnett, commissions plummet, Rosen channels Ted Cruz … & more
08/15/16
...huge payday last year when along with the Sapir Organization, it sold 11 Madison Avenue for a record $2.6 billion (the price tag included $300 million in...

SL Green sells 40% stake in 11 Madison to Prudential
08/11/16
...paid when it bought the tower from the Sapir Organization and the CIM Group last August.  In a statement SL Green said it would...

Save the date: The Real Deal’s Shanghai Forum and Showcase
06/24/16
...Liang, the Naftali Group’s Miki Naftali, the Sapir Organization’s Alex Sapir and Rotem Rosen, Swire Properties’ Stephen Owens and Greenland USA’s...

Save the date: The Real Deal’s Shanghai Forum and Showcase
06/22/16
...Liang, the Naftali Group’s Miki Naftali, the Sapir Organization’s Alex Sapir and Rotem Rosen, Swire Properties’ Stephen Owens and Greenland USA’s...

Trump’s Bayrock dealings shine light on ties to Felix Sater
05/27/16
...its developers. Trump, Bayrock and fellow partner the Sapir Organization were hit with a lawsuit in 2010 for lying about how many units they sold...

Trump signed off $50M Trump Soho investment-turned-loan: report
05/26/16
...at the Trump Soho. Trump, Bayrock and partner Sapir Organization were hit with a lawsuit in 2010 for lying about how many units they sold...

Bayrock Group named in Tate George fraud case
04/14/16
...Bayrock, along with the Trump Organization and the Sapir Organization, was also the subject of a criminal investigation over the Trump Soho condo development...

Secret criminal investigation targeted fraud at Trump Soho: report
04/06/16
...Donald Trump and partners Bayrock Group and the Sapir Organization were hit with a lawsuit for lying about how many units they sold at...

Five “very rare” times Trump settled NYC real estate lawsuits
03/14/16
...marketing the units along side Bayrock Group and Sapir Organization, was named defendant in the suit. The plaintiffs claimed that Trump and the other...

David Bistricer doesn’t seem to like jocks
02/11/16
...renew for a further five. In December 2014, the Sapir Organization sold 50 Murray Street along with the apartment building 53 Park Place to Clipper Equity for...

The collapsed crane on Worth Street in Tribeca (credit: FDNY)
UPDATED: Crane activity halted after Tribeca collapse kills one, injures three
02/05/16
...year 10 people were injured a crane collapsed at Sapir Organization...

Shareholder letter may lead to Morgans Hotel Group proxy fight
02/01/16
...fought a high-profile battle last year with the Sapir Organization over management control of the Mondrian Soho hotel, which Sapir acquired at a foreclosure...

The 10 biggest investment sales of 2015
12/29/15
...Madison Avenue, $2.29 billion Buyer: SL Green Realty Seller: Sapir Organization and CIM Group Brokerage: CBRE Although Stuy Town surpassed it in December as the...

The 10 biggest NYC real estate finance deals of 2015
12/22/15
...in August when SL Green Realty paid the Sapir Organization and CIM Group $2.6 billion for 11 Madison Avenue, a 2.3 million-square-foot Art Deco office tower overlooking...

Deaths at NYC construction sites on the rise
10/19/15
...snapped and dropped a shipping container onto the Sapir Organization...

The Roc is in the building — and Alex Sapir wants out
09/22/15
...Z, Beyonce and Alex Sapir) Not only is Sapir Organization president Alex Sapir looking to leave the building he shares with Jay Z and...
Rotem Rosen
Rotem Rosen
Sapir Organization
Rotem Rosen is an Israeli born New York real estate mogul. He served...
Tamir Sapir
Sapir Organization, Founder
260 Madison Avenue, New York, NY, (212) 683-5765
Tamir Sapir, who died in 2014, was a New York City-based real estate...
For more info, click here
  • Event Office Leasing
  • Address 11 Madison Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 33,000
notes
The talent agency signed a 33,000-square foot expansion lease, bringing its space in the building to 99,000 square feet.
For more info, click here
  • Event Office Leasing
  • Address 260 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 37,000
  • Price per foot $ 62.00
For more info, click here
  • Event Retail Leasing
  • Address 9 Crosby Street
  • Neighborhood Soho
  • Borough Manhattan
  • Price $ 205,000,000
  • Publication Date 04/01/2015
  • Event Date 02/20/2015
  • Party 1 German American Capital Corporation
  • Party 2 Sapir Organization
For more info, click here
  • Event Retail Leasing
  • Address 260 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 2,000
notes
The restaurant signed a lease. The reported asking rent was $100 per square foot.
For more info, click here
  • Event Office Leasing
  • Address 260 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 60,105
notes
The apparel manufacturer signed a 10-year lease renewal on the sixth and 14th floors, the New York Post reported.
For more info, click here
  • Event Office Leasing
  • Address 260 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 23,000
notes
The property management firm signed a lease on the 12th floor.
For more info, click here
  • Event Office Leasing
  • Address 260 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 17,000
notes
The Israel-based accounting firm signed a lease for part of the second floor.
For more info, click here
  • Event Office Leasing
  • Address 260 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 36,000
notes
The law firm signed an expansion lease for two more floors totaling 36,000 square feet, bringing its total occupancy to 100,000 square feet on the building's top eight floors.
For more info, click here
  • Event Sales
  • Address 100 Church Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Price $ 10,000
notes
SL Green will take control of the 1 million sf office tower after placing the winning bid of $10,000 at an auction. Current owners the Sapir Organization had failed to make loan payments to SL Green and another lender last year, prompting the lenders to foreclose on the property.
For more info, click here
  • Event Office Leasing
  • Address 100 Church Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 225,000
notes
The operator of New York City private schools signed a lease for the new Claremont Preparatory High School. The school is slated to open in the 21-story office building in the fall.
For more info, click here
  • Event Office Leasing
  • Address 100 Church Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 64,529
notes
The provider of financial market data signed a 15-year lease.
For more info, click here
  • Event Office Leasing
  • Address 261 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 24,300
notes
The employment firm signed a 10-year lease renewal for the entire second floor.
For more info, click here
  • Event Office Leasing
  • Address 261 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 47,514
notes
The health insurance and retirement fund provider renewed its lease and took additional space for a 15-year term.
For more info, click here
  • Event Office Leasing
  • Address 100 Church Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 22,400
  • Price per foot $ 48.00
  • Publication Date 11/01/2008
  • Event Date 09/22/2008
  • Party 1 Sapir Organization
  • Party 1 Brokerage CBRE
  • Party 1 Broker Brad Gerla
  • Party 2 Regus Group
  • Party 2 Brokerage Rosenhaus Real Estate
  • Party 2 Broker Richard Rosenhaus
notes
The business center operator inked a 15-year lease for a portion of the eighth floor. This will be the London-based firm's 20th Manhattan location.
For more info, click here
  • Event Office Leasing
  • Building Name 10 Hudson Square
  • Address 170 Varick Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 10,790
  • Price per foot $ 52.00
notes
The real estate companies signed a 15-year lease with a five-year option on the second floor for the management offices of the Trump Soho Hotel Condominium.
For more info, click here
  • Event Office Leasing
  • Address 160-170 Varick Street
  • Neighborhood SoHo
  • Borough Manhattan
  • Square feet 10,790
notes
The real estate companies signed a 15-year lease with a five-year option for the management offices of the Trump Soho Hotel Condominium. The reported asking rent for the second-floor space was $52 per square foot.
For more info, click here
  • Event Office Leasing
  • Address 261 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 5,648
notes
The pharmaceuticals and chemicals manufacturer inked a lease for 10 years and three months to occupy the entire 28th floor.
For more info, click here
  • Event Office Leasing
  • Address 100 Church Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 22,370
notes
The office solutions provider signed an expansion lease. The company currently leases around 35,000 square feet at 260 Madison Avenue, also owned by the Sapir Organization.
For more info, click here
  • Event Office Leasing
  • Address 11 Madison Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 98,175
  • Price per foot $ 72.00
notes
The global marketing firm signed a 10-year lease for the entire 12th floor. The lease brings the 2.2 million-square-foot tower to full occupancy.
For more info, click here
  • Event Office Leasing
  • Address 100 Church Street
  • Neighborhood Tribeca
  • Borough Manhattan
notes
The government agency inked a lease renewal.
For more info, click here
  • Event Office Leasing
  • Address 260 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 51,000
  • Price per foot $ 60.00
notes
The executive search firm signed a 10-year lease for the entire third and part of the seventh floors. The company is relocating from 1140 Sixth Avenue.
For more info, click here
  • Event Financing
  • Address 50 Murray Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 620,552
notes
A $225 million fee and leasehold financing was arranged for the property. The building has 505 luxury apartments and 50,500 square feet of commercial space. 21-story mixed-use building.
For more info, click here
  • Event Office Leasing
  • Address 260 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 35,000
  • Publication Date 10/01/2007
  • Event Date 08/22/2007
  • Party 1 Sapir Organization
  • Party 1 Brokerage CBRE
  • Party 2 Regus Group
notes
The workplace solutions provider signed a 16-year lease for the eighth floor, which will be used as a business center.
For more info, click here
  • Event Office Leasing
  • Address 100 Church Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 45,000
  • Price per foot $ 40.00
notes
The publishing company signed a lease for the seventh floor. Niche is relocating from its previous headquarters at 257 Park Avenue South.
For more info, click here
  • Event Retail Leasing
  • Address 261 Madison Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 3,556
notes
The office products chain signed a 10-year lease for another location.
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9 Crosby Street
Manhattan, 10013
9 CROSBY, LLC
...
2 Broadway
Manhattan, 10004
2 BROADWAY GROUND LEA
...
Trump-Soho
Trump Soho
Manhattan, 10013
CIM Group, BAYROCK/SAPIR ORGANIZATION LLC
Trump Soho is a 46-story condo-hotel at 246 Spring Street in its namesake...
11-Madison-Avenue
11 Madison Avenue
Manhattan, 10010
The office building at 11 Madison Avenue, once known as the MetLIfe Building,...
15-William-Street
15 William Street
Manhattan, 10004
Sapir Organization, SDS WILLIAM STREET LLC
Formerly known as the William Beaver House (and by critics as the Post-It...
Trump Soho
Manhattan, 10013
Sapir Organization|Bayrock Group, BAYROCK/SAPIR ORGANIZATION LLC
Trump Soho is a 46-story condo-hotel at 246 Spring Street in its namesake...
100 Church Street
Manhattan, 10007
100 CHURCH FEE OWNER
100 Church Street is a high-rise commercial office building in Manhattans financial district....

The 10 biggest NYC investment sales of 2016
12/29/16
...in 2015 when SL Green bought it from the Sapir Organization and CIM Group for $2.6 billion ($2.3 billion plus $300 million in lease-stipulated improvements). In August of...

NYC’s 10 biggest investment sales in August
09/28/16
...the tower in full from CIM Group and Sapir Organization was one of 2015’s top deals. The building is valued at $2.6 billion if including...

Manhattan’s mega leases
...a year for the building’s owners, the Sapir Organization and the CIM Group. The deal blows away all other Manhattan leases signed last...

New buyers, one broker rule in 2014 building sales
...million square feet by Credit Suisse at the Sapir Organization’s 11 Madison Avenue. Starting rent for Time Inc. and Credit Suisse will be in...

Office leasing lows
...space is being listed by the owners, the Sapir Organization and the CIM Group, and handled by CBRE. The Midtown South market was the...

Fourth quarter won’t deliver, execs say
...ownership of the 21-story office building from the Sapir Organization in January 2010. At the time, 58 percent of the 1 million-square-foot building was vacant. "Tenants are...

The biggest bargains the last time around
...For instance, in 1995, developer Tamir Sapir of the Sapir Organization bought 2 Broadway from Olympia & York, the bankrupt Canadian developer, for $20.5 million, or $13 a...

Small spaces prop up office leasing market
...the three markets. A 98,175-square-foot lease at the Sapir Organization...
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