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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.

  • 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

12/01/2011
A number of CIM's local partners -- including Macklowe, Tamir Sapir, Madison Equities and iStar -- also declined to comment, noting that CIM liked to control its own publicity...

06/01/2010
From left: Carrie Chiang, Dolly Lenz, Serena Boardman, Leonard Steinberg, Hervé Senequier, Brenda Powers, Elizabeth Lee Sample, Kathy Sloane Manhattan's top real estate agents are as From left: Carrie Chiang, Dolly Lenz, Serena Boardman, Leonard Steinberg, Hervé Senequier, Brenda Powers, Elizabeth Lee Sample, Kathy Sloane Manhattan's top real estate agents are as...

11/30/2009
Some buys were clearly deals in their day; others are more obviously steals in retrospect. 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 foot...

02/01/2006
But even that sale was dwarfed recently when the Duke Semans mansion at 1009 Fifth Avenue went into contract for as much as $40 million, according to listing brokers. The buyer was Tamir Sapir, a Russian oil baron, and brokers representing tobacco heiress Doris Duke expect the sale to close in 2006...