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    162-168 Jeffferson St Albany, NY 12210

    For Sale
    $2,800,000

    MULTI_FAMILY - Other - Albany, NY

    Property size:
    10,000 SF
    Lot size:
    0.07 Acres
    Days on Market:
    33
    Last Refresh:
    Dec 6 at 12:06 am

    Property Features for 162-168 Jeffferson St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Window features
    Double Pane Windows, Wood Frames
    Zoning
    Commercial
    Rooms
    Bedroom 8, Bathroom 9, Bedroom 12, Bathroom 5, Bedroom 6, Bedroom 10, Bedroom 7, Bedroom 3, Bathroom 4, Bedroom 11, Bathroom 10, Bedroom 5, Bathroom 7, Bathroom 3, Bathroom 8, Bedroom 9, Bedroom 1, Bathroom 2, Bathroom 6, Bedroom 2, Bathroom 1, Bedroom 4
    Bedrooms
    12
    Bathrooms
    9
    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
    0.07 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Zoned, Hot Water(Heating), Natural Gas, Baseboard
    Water source
    Public

    Building Details

    Year built
    1880
    Number of units
    9
    Flooring type
    Hardwood, Laminate
    Building materials
    Fiber Cement, Stucco, 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

    MLS# 202528997 Listing URL

    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

    Albany Mixed-Use Investment Opportunity

    This investment opportunity includes four adjoining buildings, featuring a well-known tavern, eight apartments, and additional commercial space. The 'Palais Royale' Bar and Grill is included, complete with its liquor license, ATM, dartboard, pool table, wall-mounted jukebox, TVs, and all furniture, fixtures, and equipment (FFE). The full kitchen is equipped with a halon fire suppression system. The properties consist of: 162 Jefferson St (two units, one 2-bedroom and one 1-bedroom apartment), 164 Jefferson St (Palais Royale Bar and Grill with a 1-bedroom apartment upstairs), 166 Jefferson St (two units, both 2-bedroom apartments), and 168 Jefferson St (three units) with two apartments upstairs (one 2-bedroom and one 1-bedroom) and a 1,860 sq ft commercial space on the first floor. The commercial unit features hardwood floors, a private bar, and high ceilings. All tenants are month-to-month. The four buildings, totaling approximately 10,000 sq ft on a 0.07-acre lot, are zoned R2C. The location is in Albany, NY.
    Location Intelligence

    Current Use by Public Records

    Bars

    Similar Places Nearby

    Ben & Jerry’s, Todd’s Back Room Cigar Lounge, Palais Royale, OH Bar, Lionheart Pub and Brewery

    Map

    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 Jeffferson 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: - High Income Potential: Potential rents over six figures from 8 apartments plus income from the established 'Palais Royale' Bar and Grill.; - Turnkey Business: Includes the 'Palais Royale' Bar and Grill with liquor license and equipment.; - Four-Building Package: Purchase includes the bar building and 3 additional adjoining rental properties containing 8 apartments.
    (518) 857-1505
    Request Owner's contact information
    162-168 Jeffferson 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 Jeffferson St Albany, NY 12210
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