The Sapir Organization
The Sapir Organization is a privately-held real estate development and investment firm that owns, develops, and manages Class A commercial office space and ultra-luxury residential properties, primarily in Manhattan and Miami, serving enterprise tenants and high-net-worth buyers under CEO Alex Sapir.
- Company typePrivate
- Founded-
- HeadquartersNew York, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What The Sapir Organization does
The Sapir Organization is a privately-held real estate development and investment firm headquartered at 261 Madison Avenue in New York that owns, develops, builds, and manages commercial and luxury residential real estate, primarily in Manhattan and Miami. Founded by the late Tamir Sapir (who emigrated from the Soviet Union in 1973) and now led by his son Alex Sapir as President and CEO, the firm has owned, developed, and managed approximately 8 million square feet of real estate over time, including iconic assets such as the former 11 Madison Avenue (sold for a record $2.6 billion in 2015), 2 Broadway (1.6 million square feet, fully leased to the MTA), and 261 Madison Avenue.
The business model is threefold: recurring rental income from long-term Class A Manhattan office leases, one-time gains from ultra-luxury residential condominium development and sales (e.g., Arte Surfside's 16 oceanfront residences sold out for nearly $225 million in 2023 at a blended ~$3,000/SF), and strategic opportunistic asset dispositions at peak valuations. Go-to-market is direct: enterprise field sales for commercial leasing, and exclusive development marketing partnerships (e.g., Douglas Elliman for Arte Surfside) for luxury residential. The company holds no proprietary technology platform; operations rely on traditional real estate development, asset management, and capital markets processes executed by a team of 51–100 employees.
In 2014, Alex Sapir acquired Sapir Corp Ltd, a publicly traded entity on the Tel Aviv Stock Exchange, which holds certain ground-up development assets including Arte Surfside and the Miami 18 site (a Tax-Qualified Opportunity Zone parcel permitted for up to ~1.4 million square feet of mixed-use development). The firm has demonstrated access to institutional capital, including a $326 million refinancing of 260 and 261 Madison Avenue in December 2022 arranged by CBRE and funded by J.P. Morgan and Mack Real Estate Group at a 65% loan-to-value ratio. As of early 2026, the company is in Chapter 11 bankruptcy proceedings to restructure $155 million of Israeli bond debt, with the NoMo SoHo hotel divested to Dan Hotels for $121 million in February 2026 as part of the process — indicating an active period of financial restructuring and portfolio rationalization rather than expansion.
The Sapir Organization firmographics
Firmographics- Name
- The Sapir Organization
- Legal name
- The Sapir Organization
- Website
- https://sapir.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- The Sapir Organization is a privately-held real estate development and investment firm that owns, develops, and manages Class A commercial office space and ultra-luxury residential properties, primarily in Manhattan and Miami, serving enterprise tenants and high-net-worth buyers under CEO Alex Sapir.
- Ownership category
- akta.pro rank
The Sapir Organization industry classification
Industry- Product category
- Commercial Real Estate Development and Investment
- NAICS
- Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Corporate, Subsidiary, and Regional Managing Offices (551114)
- SIC
- Real Estate (6500), Real Estate Agents & Managers (For Others) (6531), Land Subdividers & Developers (No Cemeteries) (6552)
- akta.pro primary industry
- Office Property Management (BPAJAGAA)
Keywords
Where The Sapir Organization is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
The Sapir Organization business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales
Revenue model
- Commercial Office Leasing: Long-term office leasing across Manhattan portfolio including 260 Madison, 261 Madison, 2 Broadway, and other office properties. Revenue generated through rent from tenants across various industries including finance, entertainment, legal, and media.
- Luxury Residential Sales: Development and sale of ultra-luxury residential condominiums. Arte Surfside achieved nearly $225 million in total sales across 16 residences, with prices reaching $33 million for penthouse units.
- Opportunistic Property Sales: Strategic disposition of assets at peak value. Notable sale of 11 Madison to SL Green for $2.6 billion in 2015, record for single asset transaction in American real estate market.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Commercial Office Leasing |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
The Sapir Organization product offering
Product offeringCore offering
The Sapir Organization owns, develops, builds, and manages Class A commercial office properties (notably 2 Broadway and 261 Madison in Manhattan), ultra-luxury residential condominiums (Arte Surfside in Surfside, FL), and mixed-use development sites (Miami 18). Revenue is generated through long-term commercial office leasing to enterprise and government tenants and through the development and sale of luxury residential units, with periodic strategic asset dispositions such as the $2.6 billion sale of 11 Madison to SL Green in 2015.
Product overview
The Sapir Organization is a real estate development and investment firm that owns, develops, builds, and manages commercial and residential real estate properties, primarily in Manhattan and Miami. The company's portfolio consists of distinct property holdings organized across three categories: Current Properties (2 Broadway and 261 Madison as active office holdings), Previous Assets (including iconic sold properties such as 11 Madison, 260 Madison, Nomo SoHo Hotel, 50 Murray, 53 Park Place, 15 William Street, Dominick Hotel, Duke-Semans Mansion, and 100 Church Street), and Sapir Corp Ltd. Holdings (including Arte Surfside luxury residences and the Miami 18 development site). The portfolio spans approximately 8 million square feet of real estate over time, with properties including office towers, luxury condominiums, boutique hotels, and mixed-use residential buildings.
Differentiator
Problem solved
Functional benefit
Products and services
- 2 Broadway 32-story, 1.6 million square foot Class A office tower in Manhattan's Financial District, long-term leased to the MTA (Metropolitan Transportation Authority) as its headquarters.
- 261 Madison 28-story, 397,850 square foot classic Manhattan office building in Midtown East, steps from Grand Central Terminal, housing tenants including Zuma restaurant and RoC Skincare.
- 260 Madison 22-story, 568,150 square foot classic Manhattan office building with more than 550,000 rentable square feet, across from Sapir's headquarters, anchored by tenants including Hanesbrands, MGM, and McLaughlin & Stern.
- Arte Surfside Collection of 16 oceanfront luxury residences in Surfside, FL, designed by Italian architects Antonio Citterio and Patricia Viel — their first project in North America. Sold out at nearly $225 million total, setting Miami-Dade sales records.
- Miami 18 Development site in downtown Miami within a Tax-Qualified Opportunity Zone, held by Sapir Corp Ltd. with as-of-right entitlements for up to approximately 1.4 million square feet of mixed-use development.
Quantifiable outcome
- Achieved highest blended price per foot (~$3,000/SF) and highest average cost per unit in Miami Dade County for Arte Surfside
- +2 more outcomes
Companies that use The Sapir Organization
Customer profileNamed customers12 records
Segments3 records
Ideal customer profiles2 records
The Sapir Organization technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
The Sapir Organization partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered minor, core and major.
- Dan HotelsminorIsraeli hospitality brand acquiring NoMo SoHo hotel from Sapir for $121 million, marking Dan Hotels' entry into the U.S. market. This was a property sale transaction originating from Sapir's Chapter 11 bankruptcy filing.
- Douglas Elliman Development MarketingcoreExclusive development marketing partner for Arte Surfside luxury residential project. Douglas Elliman handled all sales for the 16-residence development, achieving nearly $225 million in total sales and multiple market records.
- CBREmajorCBRE arranged $326 million refinancing for 260 and 261 Madison Avenue. James Millon, Tom Traynor, and Lawrence Britvan of CBRE structured the debt at 65% loan-to-value ratio.
- Giovanni FascianocoreCo-developer of Arte Surfside project alongside Alex Sapir. Fasciano contributed to conceptualization and development of the ultra-luxury 16-residence oceanfront project that achieved record-breaking sales.
- CIM GroupcoreCo-development partner with The Sapir Organization for 11 Madison Avenue. Partnered through decade of ownership and stewardship before joint sale to SL Green for $2.6 billion in 2015.
Scale indicators8 records
Recent moves8 records
Expansion highlights5 records
The Sapir Organization competitors and assessment
Company assessmentDirect peers
- RXR Realty: New York-based owner, operator, and developer of office, residential, and mixed-use properties with a similarly diversified Manhattan and New York metro portfolio.
- The Moinian Group: Privately held New York real estate developer/owner with a large Manhattan commercial portfolio. Comparable in scale and family-controlled structure to Sapir's owned holdings.
- Empire State Realty Trust: NYC-focused office and retail REIT with significant Midtown and downtown Manhattan holdings — a direct comparable in submarket exposure to 2 Broadway and 261 Madison.
- SL Green Realty: Manhattan's largest office landlord and the buyer of 11 Madison Avenue for $2.6B in 2015. Overlapping class-A office portfolio in Midtown and Financial District with a similar trophy-asset investment strategy.
- Vornado Realty Trust: Major Manhattan office REIT concentrated in Penn Plaza, Midtown East, and the Financial District — directly comparable submarkets to Sapir's owned holdings at 2 Broadway and 261 Madison.
- Fisher Brothers: Family-owned Manhattan real estate firm with a multi-million-square-foot Midtown office portfolio, mirroring Sapir's private-family ownership and class-A office focus.
- GFP Real Estate: Family-owned New York commercial real estate owner and operator with a large Manhattan office and mixed-use portfolio, structurally similar to Sapir's private family office model.
- Tishman Speyer: Global owner and developer of iconic office and mixed-use properties including major Manhattan assets (e.g., Rockefeller Center), with a similar trophy-asset acquisition and repositioning playbook.
- Related Companies: Large New York-based developer of residential, office, and mixed-use properties including luxury condominiums (Hudson Yards) — directly comparable to Sapir's luxury condo and commercial development model.
Broad incumbents
- Brookfield Property Partners: Global commercial real estate giant with significant Manhattan office and luxury residential holdings (e.g., 5 Manhattan West). Larger, more diversified, and public — a broader incumbent in the same trophy-asset space.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
The Sapir Organization social profiles
Digital presenceThe Sapir Organization financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Sapir Organization leadership team
Management profileNumber of profiles
Profiles8 records
The Sapir Organization subsidiaries and ownership
Company hierarchySubsidiaries1 record
The Sapir Organization funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Sapir Organization M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Sapir Organization
What does The Sapir Organization do?
The Sapir Organization owns, develops, builds, and manages Class A commercial office properties (notably 2 Broadway and 261 Madison in Manhattan), ultra-luxury residential condominiums (Arte Surfside in Surfside, FL), and mixed-use development sites (Miami 18). Revenue is generated through long-term commercial office leasing to enterprise and government tenants and through the development and sale of luxury residential units, with periodic strategic asset dispositions such as the $2.6 billion sale of 11 Madison to SL Green in 2015.
Is The Sapir Organization a public or private company?
The Sapir Organization is a private company. It is classified as family owned and is currently operating.
When was The Sapir Organization founded?
The Sapir Organization was founded in -1. It employs 51 to 100 people.
Where is The Sapir Organization based?
The Sapir Organization is headquartered in New York, United States, in the North America region.
How does The Sapir Organization make money?
Three revenue lines are on record. Commercial Office Leasing is the primary driver. The others are luxury Residential Sales and opportunistic Property Sales.
Who are The Sapir Organization's main competitors?
Direct peers on record are RXR Realty, The Moinian Group, Empire State Realty Trust, SL Green Realty, Vornado Realty Trust, Fisher Brothers, GFP Real Estate, Tishman Speyer and Related Companies. Brookfield Property Partners is listed as a broad incumbent.
Does The Sapir Organization have an API?
No public API is recorded for The Sapir Organization.
What industry is The Sapir Organization in?
The Sapir Organization's product category is Commercial Real Estate Development and Investment. Its primary akta.pro industry code is BPAJAGAA, Office Property Management. Its NAICS code is 531120 and its SIC code is 6500.