Murray Hill rental-to-condo conversion unleashes move-in ready apartments from $875K

A Murray Hill rental-to-condo conversion that’s been in the works since early 2015 has finally hit the market. The former rental at 308 East 38th Street, once known as The Montrose, has been reborn as The Vantage—not to be confused with the Jersey building of the same name—by developers Gaia Real Estate and Acro Group who acquired the site in early 2015 for $75 million. The developers went on to hire interior designer Andres Escobar, who reimagined the apartments down to their floorplans, as well as the building’s amenities.

The 94 condos include one- and two-bedrooms that range in size from 645 to 1,245 square feet and in price from $875,000 to $2.36 million. Apartments are available for immediate occupancy, which is rare for buildings coming online.

The building is firmly in Midtown, around the corner from the Queens-Midtown Tunnel entrance, but Escobar says he designed the apartments with a downtown, loft-like feel that includes open floorplans and five-inch birch hardwood flooring.

Kitchens come stocked with stainless steel appliances including dishwashers, subway tile back splashes, and polished Cameo Calacatta Quartz countertops. Bathrooms also incorporate the of-the-moment white stone as a vanity countertop, and also include Edison bulb fixtures to evoke “an upscale yet rustic spa atmosphere,” a press release says.

The building’s amenities are standard fare, and include a rooftop deck, a gym with a yoga room, bike storage, a resident lounge, a live-in super, and a 24-hour doorman.

• The Vantage [official]
• New NYC apartments hitting the market: spring 2017 [Curbed]