$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 bar, liquor license & 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) + standout 1,860 SF ground-floor commercial space (currently owner's residence) featuring hardwoods, 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
Original List Price: 2300000
Lease Considered: No
List Price/SqFt: 230
List Price/Acres: 76666666.67
Status: Active
Property Sub Type: Mixed Use
List Price: $2,300,000
Listing Contract Date: 2026-07-27
Current Price: $2,300,000
Location
City/Town (Mail): Albany
Cross Street: Dove Street
Street Number: 162-170
Street Name: Jefferson
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12210
Geo Lat: 42.650532
Geo Lon: -73.765787
Property Detail
Year Established: 1933
Stories: 2
Number Of Buildings: 4
Business Name: THE PALAIS ROYALE
Parking Y/N: No
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
Year Built: 1880
Bathrooms Total: 11
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 010100 76.32-5-4
Tax Annual Amount: 22668
Tax Section: 76.32
Total Taxes Description: Estimated
Tax Block: 5
Tax Lot: 4.000
School District: Albany
Elementary School: Thomas S. O'Brien Academy
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: The Corner of Dove St and Jefferson St from 170 Jefferson East to 162 Jefferson St
Public Remarks: 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 bar, liquor license & 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) + standout 1,860 SF ground-floor commercial space (currently owner's residence) featuring hardwoods, 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.
Sewer
Public Sewer: 1
Current Use
Apartment Plus: 1
Multi-Family: 1
Restaurant: 1
Tavern Plus: 1
Architectural Style
Apartments: 1
Bar/Tavern/Lounge: 1
Traditional: 1
Electric
100 Amp Service: 1
200+ Amp Service: 1
Financial Details
General Taxes: 9405
General Taxes Description: Estimated
School Taxes: 13263
School Taxes Description: Estimated
Cooling
Wall Unit(s): 1
Basement
Full: 1
Interior Entry: 1
Unfinished: 1
Lot Features
Corner Lot: 1
Building Detail
Fire Sprinkler System Y/N: Yes
Fire Sprinkler Description: HALON
Railroad Siding Y/N: No
Construction Materials
Stucco: 1
Wood Siding: 1
Other: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Subject To Tenant Rights: 1
Business Type
Bar/Tavern/Lounge: 1
Exterior Features
Lighting: 1
Flooring
Wood: 1
Other: Asbestos
Showing Requirements
Call Listing Agent: 1
No Sign: 1
Occupied: 1
Restricted Hours: 1
Special Listing Conditions
Standard: 1
Roof
Built-Up: 1
Flat: 1
Rubber: 1
Water Source
Public: 1
Heating
Hot Water: 1
Natural Gas: 1
Parking Features
Parking Total: 0
On Street: 1
Patio And Porch Features
Patio: 1
Possible Use
Apartment Plus: 1
Business: 1
Office: 1
Office/Retail: 1
Restaurant: 1
Tavern: 1
Tavern Plus: 1
Convenience Store: 1
Fitness/Gym: 1
House of Worship: 1
Investment: 1
Laundromat: 1
Multi-Family: 1
School Building: 1
Sale Includes
Business & Building: 1
Security Features
Carbon Monoxide Detector(s): 1
Smoke Detector(s): 1
Tenant Pays
Cable TV: 1
Electricity: 1
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
