The Real Deal New York

National Jewelry Exchange Building trades for $56M

Property last changed hands in 2007 for $26.3 million

March 10, 2014 06:42PM

2 West 47th Street

2 West 47th Street

The National Jewelry Exchange Building, a 78,230-square-foot office and retail tower at 2 West 47th Street, has sold for $56.46 million, according to public records filed with the city today.

The building last sold for $26.33 million in 2007, public records show. While the identities of the buyer and seller were not clear, the building is operated by ABS Partners.

Both a representative for ABS and an attorney for the buyer declined to comment on the deal.

The building is less than a block from Extell Development’s International Gem Tower, the first three floors of which will serve as a shopping center dedicated to precious gems. – Katherine Clarke

3 Responses to “National Jewelry Exchange Building trades for $56M”

  1. March 10, 2014 at 6:45 pm, elliot said:

    extell bought it

  2. March 10, 2014 at 9:14 pm, Jonathan Yunason said:

    did they? Why is abs running it? Good deal btw. Less than 800 dollars a foot for a 5th ave building is A plus effort. Dov hertz at it again!

  3. March 11, 2014 at 3:18 am, HerthaWilcox said:

    Its very good amount for starting the Trade for National jewelry exchange Building.

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