Sharon Raz

Sapir Organization

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

Person Activity past 24 months:

Seller signatory: 1 for $12 million

Top Ten Associated Companies:

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

Top Ten Associated People:

Michael Friedman (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 $90.1 million from Tel Aviv Stock Exchange bondholders for 9 Crosby Street, Little Italy, Manhattan on August 18, 2022.

*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

Leave a Reply