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Property profile & analytics
OFF-MARKET
Flex space
50 47th St3f, New York, NY 10036-8621
Entity Owned
~
Est. High Equity
Property ID
US63-4330244
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2009
Total area
565 SF
Zoning code
C64.5
APN
01262-1713
UPID
US63-4330244
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Kuperman Bros. Diamonds USA Industrial Manufacturer Production Facility
-
Colorline Inc Big Box & Wholesale Store
-
Services Co Part Construction Company General Contractor
-
Services Co Beacon Construction Company General Contractor
-
Youngsoo Oh, PT Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kiran Gems USA INC
Kiran Gems USA INC
since 2026
Last sale
$610,000
7 recorded transactions
Zoning & alternative use
C64.5 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New York submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New York submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$13,449
Tax year 2024
Assessed value
$126,976
Assessed 2024
Previous assessed
$122,572
+3.6% YoY
Effective rate
10.59%
On assessed value
Assessed land
$10,781
Assessed improvement
$116,195
Land market value
$23,958
Improvement market value
$289,894
Total market value
$313,852
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2009
Heating
NONE
Stories
36
Units
1
Total area
565 SF
Zoning code
C64.5
APN
01262-1713
UPID
US63-4330244
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C64.5 · New York, NY
Zoning C64.5 · permitted uses
C64.5 · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New York. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2009
Heating
NONE
Stories
36
Units
1
Current owner
From public records · entity-resolved
Kiran Gems USA INC
Entity
Mailing address
592 5TH AVE FL 5A, NEW YORK, NY 10036-0144
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2026
$610,000
Kiran Gems USA INC
Kothari Anand
Deed
—
Mar 2, 2026
$610,000
Kasset LLC
Shs 50 West LLC
Deed
—
Aug 22, 2018
$577,415
Shs 50 West LLC
Extell Gt LLC
Grant Deed
—
Dec 1, 2014
—
Extell Gt LLC
—
Loan Modification
related
$18,500,000 · International Gem Twr Fund LLC
Jun 3, 2013
—
Extell Gt LLC
—
Deed Of Trust
related
$9,500,000 · International Gem Tower Fund L
May 22, 2013
—
Extell Gt LLC
—
Deed Of Trust
related
$4,000,000 · International Gem Tower Fund L
May 10, 2013
—
Extell Gt LLC
—
Loan Modification
related
$50,000,000 · Extell Gt LLC
May 6, 2013
—
Extell Gt LLC
—
Loan Modification
related
$87,251,452 · Deutsche Bank
Apr 9, 2013
—
Extell Gt LLC
—
Grant Deed
related
$9,500,000 · International Gem Tower Fund L
Feb 8, 2013
—
Extell Gt LLC
—
Deed Of Trust
related
$18,000,000 · International Gem Twr Fund LLC
—
—
Extell Gt LLC
—
Deed Of Trust
related
$9,500,000 · International Gem Tower Fund L
—
—
Deutsche Bk
—
Loan Modification
related
$125,662 · International Gem Tower Fund I
—
—
Extell Gt LLC
—
Loan Modification
related
$4,000,000 · International Gem Twr Fund LLC
—
—
Extell Gt LLC
—
Loan Modification
related
$500,000 · International Gem Twr Fund II
—
—
Extell Gt LLC
—
Deed Of Trust
related
$500,000 · International Gem Tower Fund I
—
—
Extell Gt LLC
—
Deed Of Trust
related
$9,500,000 · International Gem Tower Fund I
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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