The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$4,375,000
50 W 47th St Ste 2007
New York, NY, 10036
View more New York, NY property pagesStudioBeds
2Baths
2,823Sqft
$1550$/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-7.7%
$1550/sqft vs a nearby median of $1679/sqft.
Nearby median$1679/sqft
Nearby properties8
Property size2,823 sqft
- -7.7% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 2,823 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$5.00M$4.55M – $5.45M · 50% confidence
vs ask $4.38M−$626k (−14.3%)
Asking price is about 14.3% below the fair value — likely to draw competing offers if it's still on market.
$1,679/sqft median across 8 tight comps × 2,823 sqft= $4.74M
- Transit access+$190k +4.0%
- Days-on-market gravity−$95k −2.0%
- High-density walkability+$95k +2.0%
- Modern construction+$71k +1.5%
Cumulative NYC adjustments+$261k+5.5%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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Listing Details
- Days on market
- 118 days
- Last price change
- No change recorded
- Listed
- Jan 14, 2026
- Photos
- 12 photos
- Property type
- condos
- Status
- for sale
Features & Amenities
City ViewDoormanElevatorViewTwo Or More StoriesRental PropertyEfficientShopping
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 4, 2026Initial record
$4,375,000for 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)22,287
Top: homeless person assistance
Top complaint types in ZIP 10036
- Homeless Person Assistance2,405
- Illegal Parking2,060
- Encampment1,795
- 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.