9701 3rd Avenue

20-Unit Condo Building Being Planned At 9701 3rd Avenue, Bay Ridge

Stephen Oliver, owner of the restaurant at 9701 3rd Avenue, in southern Bay Ridge, has revealed plans to demolish the existing single-story building to make-way for a condominium project. According to Gothamist, the new building will have 20 units, and the restaurant will return to the ground floor when construction is complete. Oliver hasn’t announced who will develop the project, but the restaurant will close for demolition in two or three months. The site is located two blocks south of the R train’s final stop at 95th Street.


255 3rd Avenue

Residential Development Site At 253-255 3rd Avenue Expands, Gramercy

Last Summer, Apex Real Estate Investments acquired the three-story buildings spanning 253-255 3rd Avenue, in the Gramercy, and now the firm has purchased the buildings at 257-259 3rd Avenue for $15.7 million. According to Commercial Observer, initial plans were to build a 25-unit residential building with affordable units at Nos. 253-255, but it seems the site has been expanded. Bonus air rights are also available with the inclusionary housing bonus, but the rights will apparently be transferred elsewhere.