Tamir Sapir | The Real Deal New York

The Real Deal New York

trd topics
X


NAME


EMAIL


SUGGESTED
UPDATE


captcha

Please type the words that appear above
Than click SUBMIT
Tamir Sapir

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

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.


06/22/17
...married to Zina Sapir, daughter of the late Tamir Sapir, founder of the Sapir Organization...

07/23/16
...extensive waterfront. The estate was previously owned by Tamir Sapir, a Russian émigré who made his fortune in New York real estate. He died...

03/30/16
...estate. The Gatsby-style 60,000-square-foot property was built by Tamir Sapir, a Russian émigré who made a fortune in New York real estate. He sold...

09/26/15
...Tamir Sapir and 11 Madison Avenue From the small electronics store he owned many years ago on...


08/18/15
...Rotem Rosen with a portrait of the late Tamir Sapir SL Green Realty just closed on its $2.6 billion purchase of 11 Madison Avenue from the...

05/06/15
...Slim acquired the property from Russian oil billionaire Tamir Sapir in 2010. The 20,000-square-foot, limestone and red brick townhouse directly faces the Metropolitan Museum of...

12/19/14
...From left: Tamir Sapir, William Zeckendorf Jr., Bernard Spitzer and Glenn Markman New York’s real estate community...

11/07/14
...units. The building is connected to 53 Park Place. Tamir Sapir, the founder of the Sapir Organization, died earlier this fall. His son, Alex Sapir...

11/06/14
...Daily News. Sapir, the son of the late Tamir Sapir and president of family firm the Sapir Organization, bought the first-floor unit in 2006 for...

09/29/14
...Tamir Sapir Tamir Sapir, a Soviet émigré who made his fortune bartering fertilizer and oil in the 1980s...

09/18/14
...From left: Tamir Sapir, 11 Madison Park and Richard Ressler From the September issue: Once known as the Metropolitan...

12/06/13
...into default under its previous owners, billionaire developer Tamir Sapir and SDS Investments...

10/14/13
...one of the buyers touring the properties. Cabbie-turned-billionaire Tamir Sapir is also rumored to have shown interest, as has the CEO of People's Insurance...

04/09/13
...into default under its previous owners, billionaire developer Tamir Sapir and SDS Investments. CIM has had great success recasting the tower as a luxury...

04/08/13
...steals $200K in antique champagne buckets from developer Tamir Sapir 2. Midwood Properties demolishing Frank Lloyd Wright-designed Mercedes-Benz showroom 3. Outer boroughs brokerages share office space...

06/12/12
...Midtown office building owned by real estate investor Tamir Sapir, several industry sources told The Real Deal. The beverage manufacturer leased space at 261 Madison...

04/23/12
...into default under its previous owners, billionaire developer Tamir Sapir and SDS Investments. In 2010, iStar filed a $189 million suit against Sapir to foreclose on...

07/28/11
...Real estate billionaire Tamir Sapir has rented a waterfront Southampton compound for the summer, the New York Post reported...

05/11/11
...for $305 million in January and it has bought Tamir Sapir’s William Beaver House, a stake in 11 Madison Avenue and partnered with Trump Soho...

01/07/11
...Developer Tamir Sapir and the William Beaver House The distressed sale of the unsold apartments in William...

01/04/11
...high time for a new tourist destination development 2. Tamir Sapir settles Duke-Semans Mansion suit with Brown Harris Stevens' Paula Del Nunzio and Shirley Mueller...

12/30/10
...Park re-started sales. Mexican billionaire Carlos Slim bought Tamir Sapir’s Fifth Avenue townhouse, the Duke Semans mansion, for $44 million. As the unspoken taboo...

12/16/10
...Madison Avenue and Tamir Sapir Los Angeles-based investment firm CIM Group has picked up an equity stake in yet...

08/30/10
...Tamir Sapir and William Beaver HouseTamir Sapir, the embattled billionaire developer who heads the Sapir Organization...
Sapir Organization
Rotem Rosen is an Israeli born New York real estate mogul. He served...
  • Event Sales
  • Address 11 Madison Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 2,200,000
  • Price $ 675,000,000
  • Price per foot $ 306.82
notes
Second biggest office building buy of 2003
Sections