162-170 Jefferson Street Albany, NY $ 2,300,000
162-170 Jefferson Street
$ 2,300,000
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162-170 Jefferson Street

Albany, NY, 12210
$ 2,300,000
Bedrooms-- Baths11.0 Sq 10,000

Monthly Estimate*

$ 14,522

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Commercial Property for sale in Albany, NY

for $2,300,000 with 11 full baths. This 10,000 square foot building was built in 1880 on a lot size of 0.03.

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.

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Commercial Active

Price

$ 2,300,000

Full Bath

11

Property Type

Commercial

Taxes

$ 22,668

Style

Traditional

Lot Size

0.03

Year Built

1880

Town/City

Albany

County/Region

Albany

MLS | Web ID

202622721

Features
General
Sewer Public Sewer
Heating Hot Water Natural Gas
Cooling Wall Unit(s)
Possession Subject To Tenant Rights At Closing
Roof Flat Rubber Built-Up
Zoning Commercial
Patio/Porch Features Patio
Architectural Style Traditional
Security Features Smoke Detector(s) Carbon Monoxide Detector(s)
Construction Materials Other Stucco Wood Siding
Year Built 1880
Electric 100 Amp Service 200+ Amp Service
Tenant Pays Cable TV Electricity
Stories Count 2
Property Subtype Mixed Use
Current Use Apartment Plus Multi-Family Restaurant Tavern Plus
Business Type Bar/Tavern/Lounge
Business Name THE PALAIS ROYALE
County Albany
New Construction N
Property Type Commercial Sale
HOA N
Attached Garage N
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
Status Active
Directions The Corner of Dove St and Jefferson St from 170 Jefferson East to 162 Jefferson St
High School Albany
City Albany
High School District Albany
Lot Size Units Acres
Lot Size Square Feet 10000.0
Carport Y/N N
Elementary School Thomas S. O'Brien Academy
Land Lease Y/N N
Tax Annual Amount 22668.0
Home Warranty Y/N N
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 4.000
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Interior
Basement Full Interior Entry Unfinished
Flooring Other Wood
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 11
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Exterior
Exterior Amenities Lighting
Parking Features On Street
Lot Features Corner Lot
Water Source Public
Total Parking 0.0
Inclusions Business & Building
Lot Size Area 0.03
Number of Buildings 4
Spa N
Building Area Total 10000.0
Lot Dimensions 106 X 70
Lot Size Acres 0.03
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 162170
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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

$16,411
Per Month
88%
12%
0%
Monthly Principal & Interest
$14,522
Monthly Property Taxes
$1,889
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
5527699 Elementary School
853351 Middle School
Albany High School High School
Pricing History
DatePricePrice ChangeDescription
7/28/2026$2,300,000 Listed Price

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162-170 Jefferson Street, Albany, NY, 12210 is a Commercial Property for sale at $2,300,000 with 10,000 sqft and a lot size of 0.03. 162-170 Jefferson Street has 11.0 baths and was built in 1880. The property's zip code is 12210 which is in Albany, NY