427 S Pearl Street Albany, NY 12202
New
- Added:
- Apr 20, 2026
- Days on Market:
- 1
- Last Refresh:
- Apr 20 at 7:06 pm
Property Features for 427 S Pearl Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Mixed
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3
- Parking features
- Off Street
- Exterior features
- Lighting
- Basement
- Partial, Unfinished
- Standard status
- Active
- APN
- 010100 76.73-3-35
- Size
- 5,760 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9964
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Window Unit(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1880
- Flooring type
- Laminate, Tile - Ceramic
- Building materials
- Brick
- Roof type
- Rubber, Asphalt
Listing agent Victoria McLaughlin License #10401358419 (518) 429-7484
Listing office Howard Hanna Capital Inc 20 Aviation Road, Clifton Park, NY (518) 489-1000
Listing date Apr 20, 2026
MLS# 202615449
Copyright © 2026 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
Remodeled Mixed-Use Building in Albany
Located in Albany, NY, the property at 427 S Pearl St is a remodeled mixed-use building. It features a renovated bar/lounge, complete with a custom bar, dining area, kitchen, office, one ADA-compliant bathroom, one standard bathroom, and a mop/broom closet. The commercial space includes USB-integrated outlets, updated systems, and a new high-efficiency gas heater (2025). The bar space is currently generating $1,500 per month, with potential upside to approximately $2,000 per month upon liquor license approval. The building also includes two 2-bedroom apartments with updated layouts and large bathrooms. Both apartments are currently occupied on a month-to-month basis, generating $1,300 and $1,400 per month, respectively. The property has a new roof (2018), a full electrical service update (2023), a new sewer line to the street (2024), updated plumbing with PEX throughout, and newer hot water tanks. Tenants are responsible for utilities. The total gross income is $50,400 per year, with total expenses of $13,206, resulting in a Net Operating Income (NOI) of $37,194 and a current CAP Rate of 11.3%. The property size is 5760 square feet, situated on a lot size of 0.04 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
ChargePoint Charging Station
Electric Vehicle Charging Station
Da Wing Spot
Restaurant
The Wet Lab
Restaurant
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.759414
- Latitude
- 42.637926
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with bar space and two apartments.
Where is this mixed-use property located?
The property is located at 427 S Pearl Street Albany, NY.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: High CAP Rate: Current 11.3% CAP rate indicates strong investment potential.; Income‑Producing: Features a renovated commercial space generating income, plus two occupied residential apartments providing immediate cash flow.; Fully Remodeled: Turnkey commercial space with custom bar, updated systems, and renovated apartments minimize immediate capital expenditures.
