Remodeled Mixed-Use Albany
427 S Pearl Street Albany, NY 12202
For Sale
$329,000
COMMERCIAL - Albany, NY
Property Size5,760 SF
Lot Size0.04 Acres
Price / SF$57.12
Days on Market96
Property Features for 427 S Pearl Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Mixed
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 2, Bathroom 3, Bathroom 1
- Parking features
- Off Street
- Exterior features
- Lighting
- Basement
- Unfinished, Partial
- 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
- Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1880
- Flooring type
- Laminate, Tile - Ceramic
- Building materials
- Brick
- Roof type
- Asphalt, Rubber
Listing Agency:
Howard Hanna Capital Inc
(518) 489-1000
Listed By:
Victoria McLaughlin · License #10401358419
(518) 429-7484
Added: Apr 20
Changed: Jul 24
Last Checked: Jul 24 at 7:06PM
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.
Investment Insights
Based on property information with market context.
Located in Albany, NY, 427 S Pearl St is a remodeled mixed-use building. The property includes a renovated bar/lounge, featuring a custom bar, dining area, kitchen, office, one ADA-compliant bathroom, a standard bathroom, and a mop/broom closet. Restaurant equipment conveys with the sale. The commercial space has 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 contains 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. Major improvements to the property include 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 lot size is 0.04 acres and the property size is 5760 square feet.
Key Highlights
- Fully remodeled mixed‑use building (built 1880) with a historic bar/lounge space plus two income‑producing 2‑bedroom apartments
- Bar/lounge includes custom bar, dining area, kitchen, office, and 2 bathrooms (including 1 ADA‑compliant) plus mop/broom closet
- Restaurant equipment conveys with the sale; bar/lounge has USB‑integrated outlets and a brand‑new high‑efficiency gas heater (2025)
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
ChargePoint Charging Station
Electric Vehicle Charging Station
Da Wing Spot
Restaurant
The Wet Lab
Restaurant
FAQs
What type of property is this?
Mixed-use property - Fully remodeled mixed-use building with bar and 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: Fully remodeled mixed‑use building (built 1880) with a historic bar/lounge space plus two income‑producing 2‑bedroom apartments; Bar/lounge includes custom bar, dining area, kitchen, office, and 2 bathrooms (including 1 ADA‑compliant) plus mop/broom closet; Restaurant equipment conveys with the sale; bar/lounge has USB‑integrated outlets and a brand‑new high‑efficiency gas heater (2025)
