Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Colliers International has arranged the relocation of the Albert Ellis Institute—a non-profit psychotherapy training institute—from the Upper East Side to Midtown South. The organization’s headquarters—a six-story townhouse at 45 E. 65th St.—was sold to a private buyer. Located between Madison and Park avenues, the building’s price in the transaction was undislosed. Simultaneously, Colliers arranged an 8,000-square-foot sublease on behalf of the Ellis Institute at 145 E. 32nd St., in Midtown South. The nonprofit organization sublet the entire ninth floor from Ameripath, a subsidiary of Quest Diagnostics.

An approximately 7,050-square-foot townhouse at 27 E. 11th St., between University Place and 5th avenue was sold through the work of Massey Knakal, for $11.8 million.The property stands five-stories tall and is configured as four free market units. The sale price equates to about $1,674 per-square-foot. Originally built for dry goods merchant Samuel Holmes in 1844, this Greek Revival property was delivered vacant, as the previous owner had started the restoration process. The property benefits from high ceilings on the parlor and garden floor.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.