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162-168 Jeffferson Street Albany, NY $ 2,800,000
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$ 2,800,000 Get more info
162-168 Jeffferson Street
$ 2,800,000
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Share Save

162-168 Jeffferson Street

Albany, NY, 12210
$ 2,800,000
Bedrooms12 Baths8.2 Sq 10,000

Monthly Estimate*

$ 17,468

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Multi-Family Home for sale in Albany, NY

for $2,800,000 with 12 bedrooms and 8 full baths, 2 half baths. This 10,000 square foot home was built in 1880 on a lot size of 0.07.

Attention Investors: Get your cash flow here. Purchase a famous tavern, the building it's in, and 3 additional adjoining rental properties containing 8 apartments. You can be the next owner of the well known neighborhood staple the 'Palais Royale' Bar and Grill. Included are the bar, the liquor license, ATM, dartboard, pool table, wall mounted jukebox, TV's and all FFE. Full kitchen with halon fire suppression system. 162 Jefferson St (2 units, 2BR/1BR) 164 Jefferson St is the Palais Royale Bar and Grill with an apartment upstairs (1BR). 166 Jefferson St (2 units,2BR /2BR) 168 Jefferson St (3 units) has 2 apartments upstairs (2BR/1BR) and a 1,860 ft unit commercial space on the first floor which is currently the owners living unit. This large unit features hardwoods, a private bar and high ceilings. MTM tenants All 4 buildings are zoned R2C Over six figures in potential rents plus the income from the Palais Royale makes this 4 building package with a turnkey successful business a great investment.

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Multi-Family Active

Price

$ 2,800,000

Bedrooms

12

Full Bath

8

Half Bath

2

Property Type

Multi-Family

Taxes

$ 16,571

Style

Traditional

Lot Size

0.07

Year Built

1880

Town/City

Albany

County/Region

Albany

MLS | Web ID

202528997
Features
Interior
Interior Amenities Paddle Fan Wet Bar
Basement Full Unfinished
Flooring Hardwood Laminate
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Window Features Double Pane Windows Wood Frames
Above Grade Finished Area 10000.0
Half Baths 2
Total Bedrooms 12
Below Grade Finished Area 0.0
Below Grade Finished Area Source CRS
Above Grade Finished Area Source CRS
Total Baths 10
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General
Sewer Public Sewer
Heating Baseboard Hot Water Zoned Natural Gas
Cooling None
Utilities Cable Available
Possession At Closing
Roof Flat Rubber
Zoning Commercial
Garage Spaces 0.0
Patio/Porch Features Patio
Architectural Style Traditional
Security Features Carbon Monoxide Detector(s)
Construction Materials Fiber Cement Stucco Wood Siding
Year Built 1880
Electric 100 Amp Service 200+ Amp Service
Tenant Pays Electricity
Property Subtype Multi Family
County Albany
Insurance Expense 7272.0
New Construction N
Property Type MultiFamily
HOA N
Attached Garage N
Full Baths 8
Status Active
Directions Corner of Jefferson Street and Dove Street
High School Albany
City Albany
High School District Albany
Number Of Units Total 9
Lot Size Units Acres
Lot Size Square Feet 3049.2
Carport Y/N N
Elementary School Thomas S. O'Brien Academy
Land Lease Y/N N
Tax Annual Amount 16571.0
Electric Expense 3500.0
Home Warranty Y/N N
Water Sewer Expense 2200.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 0
Tax Lot 3
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Exterior
Exterior Amenities Other
Fencing Wood Back Yard
Parking Features None
Lot Features Level Corner Lot
Water Source Public
Total Parking 0.0
Lot Size Area 0.07
Foundation Details Brick/Mortar
Spa N
Lot Dimensions 106 x 70
Lot Size Acres 0.07
Waterfront Y/N N
Other Equipment Other
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 162168
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* Excluded Features
List By
John DiBlasi

Listing Agent

Diblasi Real Estate

Broker

(518) 857-1505

Phone

johndiblasi1969@gmail.com

Email

Affordability Calculator

$18,849
Per Month
93%
7%
0%
Monthly Principal & Interest
$17,468
Monthly Property Taxes
$1,381
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5332555 Elementary School
853351 Middle School
Albany High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/4/2025$2,800,000 Listed Price

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162-168 Jeffferson Street, Albany, NY, 12210 is a Multi-Family Home for sale at $2,800,000 with 10,000 sqft and a lot size of 0.07. 162-168 Jeffferson Street has 12 bedrooms, 8.2 baths, and was built in 1880. The property's zip code is 12210 which is in Albany, NY

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