50 West 47TH Street #1808, New York City, NY 10036
Listing Courtesy of Douglas Elliman Real Estate
$5,500,000
Potential Rebate: $82,500
Overview
<p>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.</p> <p>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.</p> <p>State-of-the-art vault facility</p> <p>Secure valet parking</p> <p>Modern infrastructure for jewelry manufacturing</p> <p>State-of-the-art health and fitness center</p> <p>LEED Certified</p> <p>Biometric access control</p> <p>G4S guarding services</p> <p>State-of-the-art closed-circuit monitoring</p>
Home Features
- •Washer Dryer Allowed
- •City Lights
- •City
Estimated Monthly Payment
$31,522 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$82,500
Monthly savings impact
$229/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Why Buy With Us
Rebates Up To
2.5%
25+ Years
Experience
REBNY & NAR
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Douglas Elliman Real Estate
Data Source: TRESTLE #RLS11029921
Price Analysis
Compare average listing prices and value metrics for 50 West 47TH Street against the surrounding Midtown market.
Average List Price
Price Per SqFt
20.07% Lower
than the Midtown price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Midtown
The Center of the World
\nMidtown is the commercial heart of NYC. Skyscrapers, tourists, and business.
\nReal Estate & Housing Market
\nLuxury condos in the sky (Billionaire's Row) and corporate housing. Not a traditional "neighborhood."
\nLifestyle & Community
\nDominanted by office workers and tourists. Convenient but lacks a local feel.
\nTransportation & Accessibility
\nEvery train goes through Midtown. Grand Central is here.
\nParks, Schools & Amenities
\nBryant Park and Central Park (south border) are key.
\nWho This Neighborhood Is Best For
\nBest for pied-à-terre buyers and busy executives.
