Sapir Organization

sapir.com/our-team

People:

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Sapir Organization portfolio

$285.3 million* – office 80%, hotel 19%; Manhattan 100%, Bronx 0%

218th largest portfolio by dollar value

1,036,369 sqft – office 88%, hotel 11%;

339th largest by SF

3 properties – Manhattan 100%, Bronx 0%

2185th largest

Company Activity past 24 months:

Seller company: 1 for $12 million

Top Ten Associated Companies:

Tel Aviv Stock Exchange bondholders (1), JPMorgan Chase (1), Rybak Development (1)

Top Ten Associated People:

Michael Friedman (1), Jessica Wong (1), Sergey Rybak (1)

Recent activity as company:

• Sapir Organization sold 218 Madison Avenue, Grand Central, Manhattan for $12 million to Rybak Development on December 20, 2023.

• Sapir Organization borrowed $200 million from JPMorgan Chase for 260 Madison Avenue and 261 Madison Avenue, Grand Central, Manhattan on December 15, 2022.

• Sapir Organization borrowed $90.1 million from Tel Aviv Stock Exchange bondholders for 9 Crosby Street, Little Italy, Manhattan on August 18, 2022.

Latest Stories:

• Rybak Development files DOB plans for 26-unit building in Grand Central (June 21, 2024)

• Rybak Development pays $12M to Sapir for retail building in Grand Central (December 21, 2023)

• Sapir Organization records $200M refi for two office properties in Grand Central, part of $326M debt package (December 16, 2022)

• Sapir signs $90.1M refi through TASE for NoMo SoHo Hotel in Little Italy, down from $115M (August 19, 2022)

Properties:

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