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

162-168 Jefferson Street

Albany, NY, 12210
$ 2,800,000
Bedrooms-- Baths10.0 Sq 10,000

Monthly Estimate*

$ 17,468

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Commercial Property for sale in Albany, NY

for $2,800,000 with 10 full baths. This 10,000 square foot building was built in 1898 on a lot size of 0.67.

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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Commercial Active

Price

$ 2,800,000

Full Bath

10

Property Type

Commercial

Taxes

$ 16,571

Style

Multiple Dwelling Unit

Lot Size

0.67

Year Built

1898

Town/City

Albany

County/Region

Albany

MLS | Web ID

202528996
Features
Interior
Interior Amenities Other Paddle Fan Wet Bar
Basement Full Unfinished
Flooring Tile Hardwood Laminate
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 10
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General
Sewer Public Sewer
Heating Baseboard Hot Water Zoned Natural Gas
Cooling Wall Unit(s)
Possession Subject To Tenant Rights At Closing
Roof Flat Rubber
Zoning Commercial
Patio/Porch Features Patio
Architectural Style Multiple Dwelling Unit
Security Features Fire Sprinkler System Security Lights Smoke Detector(s) Carbon Monoxide Detector(s) Fire Alarm
Construction Materials Fiber Cement Wood Siding
Year Built 1898
Electric 100 Amp Service 200+ Amp Service
Tenant Pays Heat Cable TV Electricity
Stories Count 2
Property Subtype Business
Current Use Mixed Use Multi-Family Tavern Tavern Plus
Business Type Bar/Tavern/Lounge
Business Name Palais Royale Bar and Grill
County Albany
New Construction N
Property Type Commercial Sale
HOA N
Attached Garage N
Possible Use Apartment Plus Business Restaurant Tavern Plus Multi-Family
Status Active
Directions 4 buildings on the corner of Jefferson St. and Dove 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 16571.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Concessions No
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
Parking Features Public Parking
Lot Features Road Frontage Level Corner Lot
Water Source Public
Total Parking 0.0
Inclusions Business & Building Building & Land
Lot Size Area 0.67
Number of Buildings 4
Spa N
Building Area Total 10000.0
Lot Dimensions 106 x 70
Lot Size Acres 0.67
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 Jefferson Street, Albany, NY, 12210 is a Commercial Property for sale at $2,800,000 with 10,000 sqft and a lot size of 0.67. 162-168 Jefferson Street has 10.0 baths and was built in 1898. The property's zip code is 12210 which is in Albany, NY

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