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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.


WATCH: Michael Cohen’s real estate friends, and their ties to Trump
04/19/18
...s real estate industry. Rosen eventually joined the Sapir Organization, developers of Trump Soho, and joined the future president on his infamous trip to...

Sapir consolidating ownership at Nomo Soho hotel
04/18/18
...a $70 million payout. Sapir, who also runs the Sapir Organization, has been on something of a spending spree lately. In March, he paid $17 million...

WeWork rival Knotel is now valued at $500M
04/10/18
...was led by Newmark Knight Frank and the Sapir Organization, with participation from the Wolfson Group, the Moinian Group and Wainbridge Capital. Sarva, who...

These were the biggest Manhattan real estate loans in February
03/14/18
...Lower Manhattan. Clipper bought the building from the Sapir Organization for $560 million in 2014 and last refinanced it two years ago. The new financing replaces...

Kriss, Bayrock agree to settle racketeering lawsuit after 8 years
02/22/18
...Sater's 1998 racketeering conviction. In 2010 Trump, Bayrock and the Sapir Organization were sued for lying to prospective buyers about their sales success. The Manhattan District...

Trump Soho has a new name
12/21/17
...Originally developed by the Bayrock Group and the Sapir Organization, CIM took over the 391-unit building in 2014. -- Konrad Putzier...

Trump Soho’s secret suitors: Keith Rubenstein and the head of one of Kazakhstan’s largest banks
12/11/17
...reviewed by Bloomberg indicate that developers Bayrock and Sapir Organization were shopping a partial or full in tower in 2012. According to information included in...

Trump Soho no’ mo’: The Trump name is off the building, company says
11/22/17
...by a partnership of Bayrock Group and the Sapir Organization, with the Trump Organization providing branding and management. The Times reported earlier this year...

The 10 biggest office leases of October
11/06/17
...Keesser of Cushman & Wakefield represented the tenant. Sapir Organization is the landlord of the building. 8) Gemini Trust Company, 315 Park Avenue South, Flatiron -...

USI signs full-floor lease at 261 Madison
10/24/17
...A longtime subtenant just became a tenant at Sapir Organization’s 261 Madison Avenue. USI Insurance Services, an insurance brokerage and consulting company, just signed...

National Cheat Sheet: The story behind the Trump Soho criminal probe, retail sector holds steady in Q3 … & more
10/05/17
...Donald Trump, Donald Trump Jr., Ivanka Trump, the Sapir Organization, Bayrock Group and others. The new report reveals that Trump attorney Marc Kasowitz made...

“I don’t think I’d ever received a letter like it”: Read the Trump Soho memo that tripped up a criminal investigation
10/04/17
...including Donald Trump, Don. Jr., Ivanka Trump, the Sapir Organization, Bayrock Group and others. They alleged they had been lied to about sales figures...

CEO of ASRR sells all his shares in the company
08/28/17
...Both Sapir and Rosen are principals at the Sapir Organization, founded by the late Tamir Sapir, Alex’s father and Rosen’s father-in-law. ASRR...

Five stars, would rent again: Yelp expands at SL Green’s 11 Madison
08/08/17
...SL Green bought the 2.3 million-square-foot building from the Sapir Organization and CIM Group for $2.6 billion in 2015. Last year, it sold a 40 percent stake in...

Alex Sapir fails to take control of
ASRR Capital in stock buyout
07/27/17
...a residential project in Surfside.  Sapir, through the Sapir Organization, has additional holdings in New York, including the Mondrian Soho hotel. ASRR was not...

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...
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
  • Publication Date 05/01/2009
  • Event Date 03/22/2009
  • Party 1 Sapir Organization
  • Party 1 Brokerage CBRE
  • Party 2 MetSchools
  • Party 2 Brokerage Newmark Grubb Knight Frank
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
  • Publication Date 03/01/2009
  • Event Date 01/20/2009
  • Party 1 Sapir Organization
  • Party 1 Brokerage In-house
  • Party 2 United Staffing Systems
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Chris Mongeluzo
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 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 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
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 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 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 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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...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...
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