$2,300,000
Albany, NY 12210
MLS# 202622723
10 beds
1 / 34
Property Description
(162-170 Jefferson St) is 8 apartments + The Palais Royale Bar & Grill, a well-known successful neighborhood institution since 1931. The sale includes 4 adjoining buildings, 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 each unit. 168: 3 units -- 2 upstairs apts (3BR total). First floor is an open 1,860 sqft 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? 24/7 income potential. Ideal for investors, owner-operators, or developers. The buildings are steps from state government offices, ESP 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: Multi Family
Original List Price: 2300000
List Price: $2,300,000
Current Price: $2,300,000
Listing Contract Date: 2026-07-27
List Price/SqFt: 230
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 St
Geo Lat: 42.650458
Geo Lon: -73.765783
Property Detail
Number Of Units Total: 8
Rooms Total: 30
Bedrooms Total: 10
Bathrooms Full: 8
Bathrooms Half: 3
Year Built: 1880
Above Grade Finished Area: 10000
Above Grade Finished Area Source: CRS
Below Grade Finished Area Source: CRS
Living Area: 10000
Zoning: Commercial
Deed Restrictions: Unknown
Lot Size Dimensions: 7338
Lot Size Acres: 0.04
Main Road Frontage: 160
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Survey 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
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Full Bath 3: 1st
Full Bath 4: 2nd
Full Bath 5: 1st
Full Bath 6: 2nd
Full Bath 7: 2nd
Full Bath 8: 2nd
Half Bath 1: 1st
Half Bath 2: 1st
Half Bath 3: Basement
Photos - the contractual owner of the photos
Photo Owner: Broker
Separate Utilities
Number Of Separate Electric Meters: 9
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 162 1F
Total Rooms MF Unit 1: 4
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 162 2F
Total Rooms MF Unit 2: 5
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 164 1F
Total Rooms MF Unit 3: 2
Total Half Baths MF Unit 3: 2
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 164 2F
Total Rooms MF Unit 4: 4
Total Bedrooms MF Unit 4: 1
Total Full Baths MF Unit 4: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 166 1F
Total Rooms MF Unit 5: 4
Total Bedrooms MF Unit 5: 2
Total Full Baths MF Unit 5: 2
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: 166 2F
Total Rooms MF Unit 6: 5
Total Bedrooms MF Unit 6: 2
Total Full Baths MF Unit 6: 1
Multi-Family Unit 7 Detail
Unit Location MF Unit 7: 168 2F
Total Rooms MF Unit 7: 4
Total Bedrooms MF Unit 7: 2
Total Full Baths MF Unit 7: 1
Multi-Family Unit 8 Detail
Unit Location MF Unit 8: 168 2F
Total Rooms MF Unit 8: 3
Total Bedrooms MF Unit 8: 1
Total Full Baths MF Unit 8: 1
Status Change Info
Status Change Date: 2026-07-27
Property Features
Architectural Style: Apartment 4 Plus Unit
Attic Features: No Attic Access
Basement: Full; Unfinished
Construction Materials: Block; Stone; Stucco; Wood Siding
Cooling: None
Electric: 100 Amp Service; 200+ Amp Service; Circuit Breakers
Exterior Features: None
Fencing: Back Yard; Wood
Fireplace Features: Wood Burning
Flooring: Ceramic Tile; Wood
Heating: Baseboard; Hot Water; Natural Gas; Wood
Interior Features: Ceramic Tile Bath; Open Floorplan; Paddle Fan; Wet Bar
Levels: Two
Lot Features: Corner Lot; Level; Road Frontage
Other Equipment: None
Other Structures: None
Possession: At Closing
Roof: Built-Up; Flat; Rubber
Security Features: Fire Sprinkler System
Separate Utilities: Electric; Gas; Heat; Water Heater
Sewer: Public Sewer
Showing Requirements: Call Listing Agent; No Sign; Restricted Hours
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity; Gas
Window Features: Wood Frames
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
