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    165 Madison Avenue Ext Albany, NY 12202

    New
    For Sale
    $535,000

    COMMERCIAL - Albany, NY

    Property size:
    3,272 SF
    Lot size:
    0.10 Acres
    Days on Market:
    7
    Last Refresh:
    Dec 15 at 8:06 am

    Property Features for 165 Madison Avenue Ext

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    Mixed
    Rooms
    Bathroom 3, Bathroom 2, Bathroom 1
    Bathrooms
    3
    APN
    010100 76.49-2-53
    Parking
    6
    Parking features
    Off Street
    Basement
    Full
    Size
    3,272 SF
    Lot size
    0.10 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air, Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1890
    Floors in Building
    2
    Flooring type
    Tile, Concrete
    Building materials
    Brick, Wood Siding
    Roof type
    Flat

    Howard Hanna Real Estate Services (518) 348-7100 [email protected]

    Listing agent Joseph P Cardinale (518) 755-2064 License #10401290174

    Listing date Dec 9, 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

    Albany Mixed-Use Turnkey Restaurant/Apartment

    This mixed-use property is located in a desirable downtown Albany location, near the Capital building and close to MVP Arena (Convention center). The entire building was renovated in 2022 with high-end finishes throughout. The property is ideal for an owner-user. A new revitalization is planned for the neighboring building and surrounding area. The property includes a turnkey 2-bedroom apartment on the second floor, with estimated rents of $2000. There is private parking for six cars in the back, as well as a full basement. The turnkey restaurant features a dining room, employee and customer restrooms, a full commercial kitchen, entertainment stages, and tables. The Unit 1 commercial space is 2022 square feet with a front and back door entry, a 6-burner stove, and a commercial exhaust hood. The property is a turnkey operation. The lot size is 0.1 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Auto Parts Store Pharmacy Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.757211
    Latitude
    42.646794

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    FAQs

    What type of property is this?
    Turn key restaurant - Renovated mixed-use property with restaurant, apartment, and parking.
    Where is this turn key restaurant located?
    The property is located at 165 Madison Avenue Ext Albany, NY.
    What is the asking price?
    The asking price for this property is $535,000.
    What are key features of this property?
    This property features: - Turn-key restaurant with **full commercial kitchen, dining room, and entertainment stages.**; - Six-car private parking in the back.; - **Completely renovated in 2022 with high-end finishes throughout the entire building.**
    (518) 755-2064
    Request Owner's contact information
    165 Madison Avenue Ext Albany, NY 12202
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    Albany, NY 12202
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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
    165 Madison Avenue Ext Albany, NY 12202
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