Sapir Organization
The 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 260 and 261 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 Tamir Sepiashvili (who changed his last name to Sapir after immigrating to Israel). Today, son Alex runs the business after Tamir Sapir died in 2014.
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.
In 2018, Sapir launched Sapir Corp Ltd., a publicly traded real estate development company listed on the Tel-Aviv stock exchange. Through Sapir Corp Ltd., Sapir expanded the geography of the firm’s portfolio to Miami, Florida, which includes over 1 million square feet of ground up, mixed-use development, and a luxury condo development in Surfside, Florida.
In 2019, he firm and the estate of the late Tamir Sapir became embroiled in dueling multi-million-dollar lawsuits with Rotem Rosen — Tamir’s former son-in-law and Alex's former business partner and former CEO of the Sapir Organization.
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261 Madison Avenue, New York, NY, (212) 683-5765
- Event Office Leasing
- Address 260 Madison Avenue
- Neighborhood Garment District
- Borough Manhattan
- Square feet 112,000
- Publication Date 01/31/2020
- Event Date 01/28/2020
- Party 1 Sapir Organization
- Party 1 Brokerage Sapir Organization
- Party 1 Broker Husein Sonara
- Party 2 McLaughlin & Stern
- Party 2 Brokerage Avison Young
- Party 2 Broker Mike Gottlieb, Arthur Mirante
- Event Office Leasing
- Address 260 Madison Avenue
- Neighborhood Garment District
- Borough Manhattan
- Square feet 18,224
- Publication Date 01/31/2020
- Event Date 01/28/2020
- Party 1 Sapir Organization
- Party 1 Brokerage CBRE
- Party 1 Broker Peter Turchin, Gregg Rothkin, Brett Shannon, Tim Freydberg, Jared London
- Party 2 Guidepost Solutions
- Party 2 Brokerage CBRE
- Party 2 Broker David Stockel
- Event Office Leasing
- Address 261 Madison Avenue
- Neighborhood Garment District
- Borough Manhattan
- Square feet 14,025
- Publication Date 09/06/2019
- Event Date 09/04/2019
- Party 1 Sapir Organization
- Party 1 Brokerage CBRE
- Party 1 Broker Peter Turchin, Gregg Rothkin, Brett Shannon, Tim Freydberg, Jared London
- Party 2 RR Donnelley
- Party 2 Brokerage CBRE
- Party 2 Broker Dan Knopf, Ben Fastenberg
- Event Office Leasing
- Address 261 Madison Avenue
- Neighborhood Garment District
- Borough Manhattan
- Square feet 11,056
- Publication Date 05/09/2019
- Event Date 05/10/2019
- Party 1 Sapir Organization
- Party 1 Brokerage CBRE
- Party 1 Broker Peter Turchin, Gregg Rothkin, Brett Shannon, Tim Freydberg, Jared London
- Party 2 RoC Cosmetics
- Party 2 Brokerage Winthrop Commercial, JLL
- Party 2 Broker Brian Nelson, Seth Hecht
- Event Financing
- Address 9 Crosby Street
- Neighborhood Soho
- Borough Manhattan
- Square feet 121,165
- Price $ 115,000,000
- Publication Date 01/06/2019
- Event Date 01/02/2019
- Party 1 Sapir Organization
- Party 2 Goldman Sachs
- Event Office Leasing
- Address 261 Madison Avenue
- Neighborhood Garment District
- Borough Manhattan
- Square feet 5,648
- Publication Date 10/22/2018
- Event Date 10/15/2018
- Party 1 Sapir Organization
- Party 1 Brokerage CBRE
- Party 1 Broker Tim Freydberg, Jared London, Gregg Rothkin, Brett Shannon, Peter Turchin
- Party 2 GGG & V Realty
- Party 2 Brokerage CBRE
- Party 2 Broker Evan Fiddle, Howard Fiddle, Michael Movshovich
- Event Office Leasing
- Address 261 Madison Avenue
- Neighborhood Garment District
- Borough Manhattan
- Square feet 24,408
- Publication Date 10/08/2018
- Event Date 10/05/2018
- Party 1 Sapir Organization
- Party 1 Brokerage CBRE
- Party 1 Broker Peter Turchin, Jared London, Tim Freydberg, Gregg Rothkin, Brett Shannon
- Party 2 Canon
- Event Office Leasing
- Address 261 Madison Avenue
- Neighborhood Garment District
- Borough Manhattan
- Square feet 5,648
- Publication Date 09/07/2018
- Event Date 09/07/2018
- Party 1 Sapir Organization
- Party 1 Brokerage CBRE
- Party 1 Broker Peter Turchin, Gregg Rothkin, Brett Shannon, Tim Freydberg, Jared London
- Party 2 GFT Global
- Party 2 Brokerage CBRE
- Party 2 Broker Scott Gottlieb, Gary Davies
- Event Office Leasing
- Address 261 Madison Avenue
- Neighborhood Garment District
- Borough Manhattan
- Square feet 17,296
- Publication Date 09/07/2018
- Event Date 09/07/2018
- Party 1 Sapir Organization
- Party 1 Brokerage CBRE
- Party 1 Broker Peter Turchin, Gregg Rothkin, Brett Shannon, Tim Freydberg, Jared London
- Party 2 Allergan USA
- Party 2 Brokerage CBRE
- Party 2 Broker Timothy Hay, Brian Hay
- Event Office Leasing
- Address 261 Madison Avenue
- Neighborhood Garment District
- Borough Manhattan
- Square feet 45,000
- Publication Date 07/30/2018
- Event Date 07/30/2018
- Party 1 Sapir Organization
- Party 2 Knotel
- Event Office Leasing
- Address 260 Madison Avenue
- Neighborhood Garment District
- Borough Manhattan
- Square feet 52,500
- Publication Date 07/02/2018
- Event Date 06/27/2018
- Party 1 Sapir Organization
- Party 1 Brokerage CBRE
- Party 1 Broker Peter Turchin, Gregg Rothkin, Brett Shannon, Tim Freydberg, Jared London
- Party 2 Solomon Page Group
- Party 2 Brokerage Newmark Knight Frank
- Party 2 Broker Chris Mongeluzo, Moshe Sukenik, Eric Zemachson
- Event Office Leasing
- Address 261 Madison Avenue
- Neighborhood Murray Hill
- Borough Manhattan
- Square feet 11,284
- Publication Date 11/20/2017
- Event Date 11/15/2017
- Party 1 Sapir Organization
- Party 1 Brokerage Sapir Organization
- Party 1 Broker Eli Joseb
- Party 2 Target Health
- Party 2 Brokerage Norman Bobrow & Company
- Party 2 Broker David Badner
- Event Office Leasing
- Address 261 Madison Avenue
- Neighborhood Murray Hill
- Borough Manhattan
- Square feet 34,080
- Publication Date 10/30/2017
- Event Date 10/24/2017
- Party 1 Sapir Organization
- Party 2 USI Insurance Services
- Party 2 Brokerage Cushman & Wakefield
- Party 2 Broker David Itzkowitz, Jack Keesser
- Event Office Leasing
- Address 11 Madison Avenue
- Neighborhood Flatiron
- Borough Manhattan
- Square feet 33,000
- Publication Date 09/01/2015
- Event Date 07/23/2015
- Party 1 Sapir Organization, CIM Group
- Party 1 Brokerage CBRE
- Party 1 Broker Howard Fiddle, Zakery Snider, Brad Gerla
- Party 2 William Morris Endeavor
- Party 2 Brokerage Savills Studley
- Party 2 Broker Brian Goldman, Newmark Grubb Knight, John Mambrino
- Event Office Leasing
- Address 260 Madison Avenue
- Neighborhood Garment District
- Borough Manhattan
- Square feet 37,000
- Price per foot $ 62.00
- Publication Date 04/06/2015
- Event Date 02/25/2015
- Party 1 Sapir Organization
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Alan Wildes
- Party 2 Marcus & Millichap
- Party 2 Brokerage in-house
- 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
- Event Retail Leasing
- Address 260 Madison Avenue
- Neighborhood Garment District
- Borough Manhattan
- Square feet 2,000
- Publication Date 05/01/2014
- Event Date 03/22/2014
- Party 1 Sapir Organization
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Alan Wildes
- Party 2 Alidoro
- Party 2 Brokerage Kassin Sabbagh Realty
- Party 2 Broker Abie Dweck
- Event Office Leasing
- Address 260 Madison Avenue
- Neighborhood Garment District
- Borough Manhattan
- Square feet 60,105
- Publication Date 08/01/2013
- Event Date 06/22/2013
- Party 1 Sapir Organization
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Alan Wildes, Bruce Mosler
- Party 2 Hanesbrands
- Party 2 Brokerage JLL, Cushman & Wakefield
- Party 2 Broker Mitchell Konsker, Matt Ginberg, Robert Gallucci
- Event Office Leasing
- Address 260 Madison Avenue
- Neighborhood Garment District
- Borough Manhattan
- Square feet 17,000
- Publication Date 12/01/2011
- Event Date 10/22/2011
- Party 1 Sapir Organization
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Bruce Mosler, Alan Wildes, Robert Gallucci, Lauren Hayes
- Party 2 Arik Eshel CPA
- Party 2 Brokerage Cushman & Wakefield
- Party 2 Broker Bruce Mosler, Alan Wildes, Robert Gallucci
- Event Office Leasing
- Address 260 Madison Avenue
- Neighborhood Garment District
- Borough Manhattan
- Square feet 23,000
- Publication Date 12/01/2011
- Event Date 10/22/2011
- Party 1 Sapir Organization
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Bruce Mosler, Alan Wildes, Robert Gallucci, Lauren Hayes
- Party 2 Akam Associates
- Party 2 Brokerage Ashtin Group
- Party 2 Broker Brett Rovner
- Event Office Leasing
- Address 260 Madison Avenue
- Neighborhood Garment District
- Borough Manhattan
- Square feet 36,000
- Publication Date 09/01/2010
- Event Date 07/23/2010
- Party 1 Sapir Organization
- Party 1 Brokerage In-house
- Party 2 McLaughlin & Stern
- Party 2 Brokerage Grubb & Ellis
- Party 2 Broker Howard Grufferman
- Event Sales
- Address 100 Church Street
- Neighborhood Tribeca
- Borough Manhattan
- Price $ 10,000
- Publication Date 02/01/2010
- Event Date 12/23/2009
- Party 1 Sapir Organization
- Party 2 SL Green Realty
- 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
- Event Office Leasing
- Address 100 Church Street
- Neighborhood Tribeca
- Borough Manhattan
- Square feet 64,529
- Publication Date 04/01/2009
- Event Date 02/20/2009
- Party 1 Sapir Organization
- Party 1 Brokerage CBRE
- Party 1 Broker Stephen Siegel, Howard Fiddle, Bradley Gerla
- Party 2 Interactive Data Corporation
- Party 2 Brokerage Richard Berzine & Company
- Party 2 Broker Richard Berzine, Robert DeAngelis, Richard Fenn
- 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