What We Do
The Sapir Organization is a multidisciplinary real estate investor, operator and developer, founded by the late Tamir Sapir and is currently led by his son, President and Chief Executive Officer, Alex Sapir. The firm has owned, developed and managed more than 7 million square feet of Manhattan real estate, including some of the world’s most iconic commercial assets throughout various cycles.
The portfolio spans multiple property classes, including commercial, residential and hospitality assets. The firm’s holdings in Manhattan include 260-261 Madison Avenue and 2 Broadway, which currently serves as the MTA headquarters of New York City. In 2015, after a decade of ownership The Sapir Organization closed the sale of 11 Madison to SL Green for $2.6bn, which was a record price for any single asset transaction in the American real estate market. Mr. Sapir holds world-renowned hospitality investments including Nusr-Et New York & Miami, and landlord to Zuma New York.
In 2018, Mr. Sapir launched Sapir Corp Ltd., a publicly traded real estate development company listed on the Tel-Aviv stock exchange. Through Sapir Corp Ltd., Mr. Sapir has expanded the geography of the firm’s portfolio to Miami, Florida, which currently includes over 1M square feet of ground up, mixed-use development, and a luxury condo development in Surfside, Florida. In New York, the Sapir Corp portfolio also includes NoMo SoHo and 218 Madison Avenue.