George Yancopoulos Buys Mixed-Use Building In Tribeca, Manhattan For $9.6M

The property involved in the transaction is a five-story mixed-use office and residential building located at 44 Hudson Street in Tribeca, Manhattan. The sale price for this asset was $9.6 million. The building spans 12,900 square feet and was sold at a price per square foot of $744. The buyer of the property was George Yancopoulos, representing Regeneron, while the seller was Alan Spragins from Columbia Pacific Advisors.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $9,600,000
• Market: Tribeca, Manhattan
• Buyer: George Yancopoulos - Regeneron
• Seller: Alan Spragins - Columbia Pacific Advisors
• Building Square Feet: 12,900
• Price Per Square Foot: $744

George Yancopoulos, the co-founder and president of Regeneron, made the purchase through 44 Hudson Holdings LLC. The deal involved a significant transaction in the Tribeca market, showcasing the involvement of key industry players in a notable property acquisition.