One of 47^th Street’s jewelry buidlings has been sold, according to real estate publication Real Deal.

The publication says that 30 West 47^th Street, which was purchased by Extell Development in 2008, was recently sold to Jesma Reality, for around $42.5 million – less than the $50 million originally paid.

The publication says that, prior to its sale, the building was stripped of the air rights that Extell needed for its next-door Gem Tower, meant to be built at 50 West 47th.

After buying a lot of 47th Street buildings, Extell head Gary Barnett responded to fears he was talking over the block by telling the New York Post he was “just assembling a lot of air rights.”

JCK covered Mayor Bloomberg’s “dedication” of the over 30-storey Gem Tower here.

JCK