$2,300,000
Albany, NY 12210
MLS# 202622721
11 baths | 10000 sqft
1 / 32
Property Description
Rare mixed-use investment 1 block from Empire State Plaza! 4 adjoining buildings (162-170 Jefferson St) = 8 apartments + The Palais Royale Bar & Grill, a well-known neighborhood institution. Sale includes the bar, the business & all FFE. Full kitchen w/ halon fire suppression. 162: 2 units/3BR. 164: Palais Royale + 1BR apt above. 166: 2 units/2BR. 168: 3 units -- 2 upstairs apts (3BR total) + open 1,860 SF ground-floor commercial space (currently owner's residence) featuring hardwoods, a private bar & high ceilings. 168 is zoned mixed use commercial so someone could be creative with that space. Coffee shop/bakery? Ideal for investors, owner-operators, or developers. Near to state government offices and the NYS Museum. Don't miss this rare downtown Albany assemblage that includes a beloved piece of Albany history.
Details
Maps
Contract Information
Status: Active
Property Sub Type: Mixed Use
Original List Price: 2300000
List Price: $2,300,000
Lease Considered: No
Listing Contract Date: 2026-07-27
Current Price: $2,300,000
List Price/SqFt: 230
List Price/Acres: 76666666.67
Location
Street Number: 162-170
Street Name: Jefferson
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12210
City/Town (Mail): Albany
Cross Street: Dove Street
Geo Lat: 42.650532
Geo Lon: -73.765787
Property Detail
Year Built: 1880
Year Established: 1933
Stories: 2
Number Of Buildings: 4
Bathrooms Total: 11
Business Name: THE PALAIS ROYALE
Lot Size Square Feet: 10000
Zoning: Commercial
Lot Size Dimensions: 106 X 70
Lot Size Acres: 0.03
Building Area Total: 10000
Building Available SQFT: 10000
Main Road Frontage: 177
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Land Lease Y/N: No
Parking Y/N: No
Financial Details
General Taxes: 9405
General Taxes Description: Estimated
School Taxes: 13263
School Taxes Description: Estimated
Building Detail
Fire Sprinkler System Y/N: Yes
Fire Sprinkler Description: HALON
Railroad Siding Y/N: No
Photos - the contractual owner of the photos
Photo Owner: Broker
Flooring
Other: Asbestos
Status Change Info
Status Change Date: 2026-07-27
Property Features
Architectural Style: Apartments; Bar/Tavern/Lounge; Traditional
Basement: Full; Interior Entry; Unfinished
Construction Materials: Stucco; Wood Siding; Other
Cooling: Wall Unit(s)
Current Use: Apartment Plus; Multi-Family; Restaurant; Tavern Plus
Business Type: Bar/Tavern/Lounge
Electric: 100 Amp Service; 200+ Amp Service
Exterior Features: Lighting
Flooring: Wood
Heating: Hot Water; Natural Gas
Lot Features: Corner Lot
Parking Features: On Street
Patio And Porch Features: Patio
Possession: At Closing; Subject To Tenant Rights
Possible Use: Apartment Plus; Business; Office; Office/Retail; Restaurant; Tavern; Tavern Plus; Convenience Store; Fitness/Gym; House of Worship; Investment; Laundromat; Multi-Family; School Building
Roof: Built-Up; Flat; Rubber
Sale Includes: Business & Building
Security Features: Carbon Monoxide Detector(s); Smoke Detector(s)
Sewer: Public Sewer
Showing Requirements: Call Listing Agent; No Sign; Occupied; Restricted Hours
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity
Water Source: Public
Listing Courtesy of DiBlasi Real Estate
Listing Agent: John S DiBlasi
518-857-1505 | johndiblasi1969@gmail.com
518-857-1505 | johndiblasi1969@gmail.com
