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Office Condominium in Gem Tower
For Sale
$980,000

50 W 47th Street New York, Manhattan, NY 10036

SINGLE_FAMILY - New York (Manhattan), NY

Property SizeContact for details
Days on Market39

Property Features for 50 W 47th Street New York

General Information

Property type Residential
Property subtype Office
Rooms Basement
Directions Google Map
Standard status Active

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 11509

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Cooling system Central Air
Water source Public

Building Details

Year built 2009
Floors in Building 1
Number of units 1
Listing Agency: Promise Realty LLC
Listed By: Ji Y. Hong
Added: Jul 1 Changed: Jul 6 Last Checked: Aug 8 at 8:06PM
MLS# 1021071

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Offered for sale is an office condominium located within the International Gem Tower at 50 W 47th Street. The building is described as modern and professionally designed, providing an elevated business environment for office users.

The property sits in New York (Manhattan) and is presented in the context of the Diamond District, where the surrounding mix includes luxury jewelry and related industry participants such as wholesalers, manufacturers, and global buyers.

The condominium format can suit businesses looking to own their office space in a high-profile Midtown address. Building amenities noted in the materials include 24/7 security and state-of-the-art building systems, which may support consistent day-to-day operations. The offering is positioned for office users such as those expanding an existing jewelry business or establishing a New York headquarters, with the objective of gaining ownership interest in a landmark commercial building in the Diamond District.

Key Highlights

  • Office condominium in the International Gem Tower (Diamond District)
  • Built in 2009 with natural gas heating and central air conditioning
  • Public water service and public sewer

Property Analytics

Current Use

Kuperman Bros. Diamonds ... Industrial Manufacturer Colorline Inc Big Box & Wholesale Store Services Co Part Construction Company Services Co Beacon Construction Company Youngsoo Oh, PT Physician

Suggested Use

Top Pick Pet Grooming Service Nursing Home Buffet Locksmith (Bike/Boat/Book/etc) Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

90,344
Businesses Nearby

Demographics for 10036, NY

33,868
Population
22,473
Households
1.5
Avg Household Size
37
Median Age
69%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
84,670
Density / Sq Mi
$100,225
Median Household Income
$86,122
Median Earnings
$2,301
Median Rent
$988,000
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office condominium within International Gem Tower, supported by 24/7 security and professionally designed building systems.
Where is this office units located?
The property is located at 50 W 47th Street New York Manhattan, NY.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Office condominium in the International Gem Tower (Diamond District); Built in 2009 with natural gas heating and central air conditioning; Public water service and public sewer
More about this property
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