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    162-168 Jefferson St Albany, NY 12210

    For Sale
    $2,800,000

    COMMERCIAL - Other - Albany, NY

    Property size:
    10,000 SF
    Lot size:
    0.67 Acres
    Days on Market:
    33
    Last Refresh:
    Dec 6 at 7:06 am

    Property Features for 162-168 Jefferson St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Security features
    Security Lighting
    Zoning
    Commercial
    Rooms
    Bathroom 6, Bathroom 7, Bathroom 3, Bathroom 9, Bathroom 4, Bathroom 5, Bathroom 8, Bathroom 1, Bathroom 2, Bathroom 10
    Bathrooms
    10
    APN
    76.32-5-3
    Patio and Porch features
    Patio
    Interior features
    Paddle Fan, Wet Bar
    Basement
    Unfinished, Full
    Size
    10,000 SF
    Lot size
    0.67 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Zoned, Hot Water(Heating), Natural Gas, Baseboard
    Cooling system
    Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1898
    Floors in Building
    2
    Flooring type
    Hardwood, Laminate, Tile
    Building materials
    Fiber Cement, Wood Siding
    Roof type
    Flat, Rubber
    Architectural style
    Other

    DiBlasi Real Estate (518) 857-1505 [email protected]

    Listing agent John S DiBlasi (518) 857-1505 License #10491211230

    Listing date Nov 4, 2025

    Copyright © 2025 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Profitable Tavern and Apartment Portfolio

    This investment opportunity includes a well-known neighborhood tavern, the 'Palais Royale' Bar and Grill, the building it occupies, and three additional adjoining rental properties containing eight apartments. The sale encompasses the bar business, including the liquor license, ATM, dartboard, pool table, wall-mounted jukebox, TVs, and all furniture, fixtures, and equipment (FFE). The bar features a full kitchen with a halon fire suppression system. The properties include 162 Jefferson St (2 units, 2BR/1BR), 164 Jefferson St which houses the Palais Royale Bar and Grill with an apartment upstairs (1BR), 166 Jefferson St (2 units, 2BR /2BR), and 168 Jefferson St (3 units) with two apartments upstairs (2BR/1BR) and a 1,860 sq ft commercial space on the first floor. The commercial space features hardwoods, a private bar, and high ceilings. All four buildings, totaling approximately 10,000 square feet on a 0.67-acre lot, are zoned R2C. The tenants are month-to-month. Located in Albany, NY, this portfolio offers significant income potential from both the established bar business and the residential rentals.
    Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Lia Lounge at MVP Arena, Bull and Bee: Meadery & Tasting Room, The Excelsior Pub, Delaware Supply, Loch & Quay

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.76577
    Latitude
    42.650461

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    FAQs

    What type of property is this?
    Bar - Four buildings with a bar, apartments, and commercial space.
    Where is this bar located?
    The property is located at 162-168 Jefferson St Albany, NY.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: - Turnkey business opportunity: Includes the 'Palais Royale' bar and grill with liquor license, equipment, and fixtures (FFE).; - Four adjoining properties with a total of 8 apartments and a commercial space, providing diverse income streams.; - Significant income potential: Over six figures in potential rents plus the bar's income.
    (518) 857-1505
    Request Owner's contact information
    162-168 Jefferson St Albany, NY 12210
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    Albany, NY 12210
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    162-168 Jefferson St Albany, NY 12210
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