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Colliers Closes Two Deals for One Client

A duo of deals for one client, which sold its Upper East Side headquarters to sublet space in Midtown South, tops our roundup of deals this week.

By Rayna Katz | Updated on August 23, 2013

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.

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