Flexible-Layout Office
For Sale
$1,450,000
50 W 47TH Street 10U, New York City, NY 10036
Professionally maintained suite with 24/7 access, concierge/security, and high-speed elevators.
Property Size900 SF
Days on Market381
Property Features for 50 W 47TH Street 10U
General Information
Standard status
Active
Size
900 SF
Elevators
Yes
Property subtype
Apartment
Additional Details
Floor
10
Amenities
24/7 access
concierge/security
modernized common areas
Building Details
Building Size
900 SF
Year Built
2009
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Richard Nassimi · License #10301222206
(212) 891-7000
Source:
Tricialee
Added: Sep 8, 2025
Changed: Sep 23
Last Checked: Sep 22 at 7:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
Suite 10U is an office condominium within a professionally maintained 2009 building in Manhattan’s Diamond District. The space offers an adaptable configuration for office or showroom use, supporting a range of business layouts. Building features include round-the-clock access, concierge and security services, high-speed elevators, and updated common areas.
The property is positioned at 50 W 47th Street among established jewelry businesses and professional offices. Restaurants and transportation hubs are also located in the surrounding area, providing convenient access for occupants and visitors. The suite’s location and flexible format align with office, showroom, and jewelry-related commercial uses.
The property is positioned at 50 W 47th Street among established jewelry businesses and professional offices. Restaurants and transportation hubs are also located in the surrounding area, providing convenient access for occupants and visitors. The suite’s location and flexible format align with office, showroom, and jewelry-related commercial uses.
Key Highlights
- Suite 10U office condominium at 50 W 47th Street
- Adaptable layout for office or showroom use
- 24/7 building access with concierge and security
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$126,652
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,533,040
$2.5M
Cap Rate 7%
$1,809,314
$1.8M
Cap Rate 9%
$1,407,244
$1.4M
Market Conditions
NOI Build-Up for 900 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$212.1K $235.68/SF
− Vacancy
−$31.2K −$34.64/SF
EGI
$180.9K $201.04/SF
− OpEx
−$54.3K −$60.31/SF
NOI
$126.7K $140.72/SF
Area
New York, NY
Vacancy
14.70%
Lease Rate
$235.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,533,040
Cap Rate 7%
$1,809,314
Cap Rate 9%
$1,407,244
Alternative Uses
Best Use
Retail
$1.81M
$1.58M – $2.11M
NOI $126,652 @ 7.0% cap · market cap 8.73%
Second Best
Office B
$402.6K
$352.3K – $469.7K
NOI $28,181 @ 7.0% cap · market cap 1.94%
Theoretical Best
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,816 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
90,344
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office units - Professionally maintained suite with 24/7 access, concierge/security, and high-speed elevators.
Where is this office units located?
The property is located at 50 W 47TH Street 10U New York City, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Suite 10U office condominium at 50 W 47th Street; Adaptable layout for office or showroom use; 24/7 building access with concierge and security
