Demolition permits have been filed for a three-story building at 297 Third Avenue in Gramercy, Manhattan. Located between East 23rd Street and East 22nd Street, the site is two blocks east of the 23rd Street subway station, serviced by the 6 train. SMA Equities is listed as the owner behind the applications.
Currently occupying the site is a mixed residential and commercial building built in 1915, yielding 5,990 square feet with ground-floor retail and four residential units.
In 2015, SMA Equities acquired three low-rise properties spanning 295-299 Third Avenue in Gramercy for $27.8 million. The assembled plot amounted to 13,000 square feet of mixed-use space and 46,000 square feet of building potential.
An estimated completion date has not been announced.