The 97-unit building at 308 East 38th Street in Murray Hill will be joining the wave of rentals that are going condo. Developers Gaia Real Estate and Acro Group recently paid $75 million for the building. It's unclear how many condos will be created, but Gaia is in the process of converting the nearby Corinthian, at 330 East 38th Street, so this is familiar territory for them. [CRE News via TRD]
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