Listing Agency: Douglas Elliman Real Estate

Listed By: Richard Nassimi · License #10301222206 Show Phone

Source: Elliman

Added: Mar 23 Changed: Oct 23 Last Checked: Oct 24 at 6:33PM

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Investment Insights

Based on property information with market context.

Located in Manhattan's Diamond District at 50 West 47th Street, the office condominium at the Gem Tower is a Class A office space. The state-of-the-art facility features a glass facade, security, and amenities. Each office suite provides an open layout with floor-to-ceiling windows offering natural light and views of the New York City skyline. Highlights include HVAC systems, 24/7 secure access, and LEED-certified sustainability features. The location provides proximity to dining, shopping, and transportation options.

Key Highlights

• Prime location in Manhattan's Diamond District.
• Class A office space with a sleek glass facade.
• Open, versatile layouts with floor‑to‑ceiling windows and exceptional NYC skyline views.**

Property Analytics

Current Use

Office Units

Location Intelligence

Trade Area within ½ mile

55,267

Businesses Nearby

Explore this area Business Placement

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

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Frequently Asked Questions

What type of property is this?

Office unit - Class A office space in Manhattan's Diamond District.

Where is this office unit located?

The property is located at 50 W 47th St-#2015 New York, NY.

What is the asking price?

The asking price for this property is $2,300,000.

What are key features of this property?

This property features: Prime location in Manhattan's Diamond District.; Class A office space with a sleek glass facade.; Open, versatile layouts with floor‑to‑ceiling windows and exceptional NYC skyline views.**