RealtyLens
for saleRealtyLens property overview
$800,000

50 W 47th St Ste 1520

New York, NY, 10036
View more New York, NY property pages
1Beds
N/ABaths
943Sqft
$848$/sqft

Listing Notes

Situated in the heart of Manhattan's renowned Diamond District, the office condominium at the Gem Tower, 50 West 47th Street, is a premier Class A office space designed to meet the highest standards of modern businesses. This state-of-the-art facility features a sleek glass facade, cutting-edge security, and premium amenities that reflect the exclusivity and sophistication of the Gem Tower. Each office suite provides an open, versatile layout with floor-to-ceiling windows offering abundant natural light and exceptional views of the New York City skyline. Key highlights include advanced HVAC systems, 24/7 secure access, and LEED-certified sustainability features, making it an ideal choice for businesses seeking luxury, efficiency, and environmental responsibility. Tenants enjoy proximity to world-class dining, shopping, and transportation options, making it a prime location for firms that value both prestige and convenience. State-of-the-art vault facility Secure valet parking Modern infrastructure for jewelry manufacturing State-of-the-art health and fitness center LEED Certified Biometric access control G4S guarding services State-of-the-art closed-circuit monitoring

Market Insights

Below nearby median-35%

$848/sqft vs a nearby median of $1307/sqft.

Nearby median$1307/sqft
Nearby properties12
Property size943 sqft
  • -35% versus the nearby median price per square foot.
  • 2 price records are available for this property.
  • 943 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$1.32M$1.24M$1.41M · 75% confidence
vs ask $800k−$525k (−65.6%)

Asking price is about 65.6% below the fair value — likely to draw competing offers if it's still on market.

$1,307/sqft median across 4 tight comps × 943 sqft= $1.23M
  • Transit access+$49k +4.0%
  • High-density walkability+$25k +2.0%
  • Modern construction+$18k +1.5%
Cumulative NYC adjustments+$92k+7.5%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position-35% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementNo cuts recorded

The available price history has not shown a cut yet, so leverage may need to come from comps, condition, or days on market.

Diligence Read2 items to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
18 days
Last price change
No change recorded
Listed
Apr 24, 2026
Photos
8 photos
Property type
condos
Status
for sale

Features & Amenities

City ViewDoormanElevatorViewTwo Or More StoriesRental PropertyEfficientViewsOpen Concept Floor PlanOfficeShopping

Photos

Building Facts

Year built
2009
Stories
36
Total units
110
Building area
11.19 ac
Lot size
24,000 sqft
Land use
Commercial and office buildings
Building class
RC

From NYC public records where available.

Price History

May 8, 2026diff
$800,000for sale
May 4, 2026Initial record
$800,000for sale

Public Records

DOB violations2 open

78 total recorded against the building

HPD violations0 open

0 total recorded

ACRIS documents0

Tax-lot deed, mortgage, and transfer records on file

311 calls (12 mo)22,301

Top: homeless person assistance

Top complaint types in ZIP 10036

  • Homeless Person Assistance2,406
  • Illegal Parking2,061
  • Encampment1,798
  • Air Quality1,253
  • Noise - Residential962

Recent DOB

  • Oct 27, 2021V*-DOB VIOLATION - Resolved · E-ELEVATOR ELEVATORREQUIRED
  • Oct 27, 2021V*-DOB VIOLATION - Resolved · E-ELEVATOR ELEVATORREQUIRED
  • Oct 27, 2021V*-DOB VIOLATION - Resolved · E-ELEVATOR ELEVATORREQUIRED
  • Oct 24, 2019V*-DOB VIOLATION - Resolved · E-ELEVATOR ELEVATORREQUIRED

Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.