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International Gem Tower Office Condominium
For Sale
$980,000

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

Commercial Sale, New York (Manhattan), NY

Property SizeContact for details
Days on Market53

Property Features for 50 W 47th Street New York

General Information

Property type Commercial Sale
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

Amenities

24/7 security

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: Aug 20 Last Checked: Aug 22 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.

This office condominium is located within International Gem Tower, a commercial building completed in 2009 at 50 W 47th Street in Manhattan’s Diamond District. The property offers an established professional setting with 24/7 security, central air conditioning, and natural gas heating.

The surrounding Diamond District is identified with jewelry wholesalers, manufacturers, industry professionals, and global buyers. Public water and public sewer serve the building, providing established municipal utility infrastructure for the office property.

Key Highlights

  • Office condominium in International Gem Tower
  • Located at 50 W 47th Street, New York, NY 10036
  • Situated in Manhattan’s Diamond District

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 ownership in Manhattan’s Diamond District with 24/7 security and central air conditioning.
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 International Gem Tower; Located at 50 W 47th Street, New York, NY 10036; Situated in Manhattan’s Diamond District
More about this property
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