By Kim Velsey 12/11/12 10:21am

Manhattan Transfers

The Ackerman Institute's new home?

Ack! The Ackerman Institute, an Uptown Stalwart, Buys Downtown

Change can be therapeutic: seeking a different perspective, simplifying one’s life, moving to a new part of town.

The Ackerman Institute for the Family‘s impending move isn’t really a happy occasion. The famed family and couples therapy center needed to learn how to live within more modest means after it lost $3.3 million in Bernie Madoff’s Ponzi scheme. But we certainly hope that the Institute can move past its former financial traumas and embrace the life that it is living now. A life that will, by the looks of it, be lived downtown in the Flatiron District. Read More

By Kim Velsey 12/03/12 4:59pm

Manhattan Transfers

ackermaninstitute

New Owner of Townhouse Duo on East 78th Street Is Also Buying the Ackerman Institute

Is there a new housing development in the works for East 78th Street? We can’t say for sure, but it definitely looks like some funny business is afoot on the block between Lexington and Third avenues.

The same buyer who snapped up a pair of townhouses at 153-155 for $12.2 million also has a purchase agreement for the property next door, according to city records. The 32-foot-wide townhouse at 149-151 East 78th Street belongs to the Ackerman Institute, a therapy center which put the house on the market in 2010 after losing $3.3 million to Bernie Madoff’s Ponzi scheme. Read More