Apartment Buildings with
For Sale
$2,300,000
162-170 Jefferson Street, Albany, NY 12210
MultiFamily, Albany, NY
Property Size10,000 SF
Lot Size0.04 Acres
Price / SF$230
Days on Market96
Property Features for 162-170 Jefferson Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial
Bedrooms
10
Bathrooms
10
Full bathrooms
8
Half bathrooms
3
Rooms
Bedroom 8, Bedroom 1, Bathroom 9, Bedroom 3, Bathroom 5, Bathroom 1, Bedroom 5, Bedroom 6, Bedroom 7, Bathroom 3, Bathroom 4, Bedroom 2, Bathroom 2, Bathroom 7, Bathroom 11, Bedroom 4, Bedroom 10, Bathroom 8, Bathroom 6, Bedroom 9, Bathroom 10
Window features
Wood Frames
Interior features
Paddle Fan, Wet Bar, Ceramic Tile Bath
Fireplace
1
Basement
Full, Unfinished
Lot features
Level, Road Frontage, Corner Lot
Elementary school
Thomas S. O'Brien Academy
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Corner of Dove and Jefferson Street
Standard status
Active
APN
010100 76.32-5-4
Size
10,000 SF
Lot size
0.04 Acres
Tenancy & Operations
Currently Operating
Yes
Business Included
Yes
Taxes and HOA fees
Tax Annual Amount
22688
Utilities
Sewer type
Public Sewer
Heating system
Wood, Hot Water(Heating), Baseboard, Natural Gas
Water source
Public
Building Details
Year built
1880
Number of units
8
Flooring type
Tile - Ceramic, Wood
Building materials
Stone, Block, Stucco, Wood Siding
Roof type
Rubber, Built-Up, Flat
Architectural style
Other
Buildings
4
Listing Agency:
DiBlasi Real Estate
Listed By:
John S DiBlasi · License #10491211230
(518) 857-1505
Added: Jul 27
Changed: Oct 27
Last Checked: Oct 30 at 3:06AM
MLS# 202622723
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-building assemblage at 162-170 Jefferson Street includes 8 apartments, a bar business, and all associated furniture, fixtures, and equipment. The property contains 10,000 square feet on 0.04 acres and dates to 1880. Residential layouts include two 3-bedroom units at 162, a 1-bedroom apartment above the bar at 164, two 2-bedroom apartments at 166, and three apartments at 168. The 168 Jefferson Street building also offers 1,860 square feet of open ground-floor commercial space with hardwood flooring, a private bar, and high ceilings.
The bar includes a full kitchen with halon fire suppression. Commercial zoning is identified for the property, while 168 Jefferson Street is described as mixed-use commercial. Public water and public sewer serve the buildings. The assemblage is located near state government offices, the Empire State Plaza, and the New York State Museum in Albany.
The bar includes a full kitchen with halon fire suppression. Commercial zoning is identified for the property, while 168 Jefferson Street is described as mixed-use commercial. Public water and public sewer serve the buildings. The assemblage is located near state government offices, the Empire State Plaza, and the New York State Museum in Albany.
Key Highlights
- 8 apartments across 4 adjoining buildings
- 10,000 square feet on 0.04 acres
- Bar business included with all FFE
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,551
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,771,020
$2.8M
Cap Rate 7%
$1,979,300
$2.0M
Cap Rate 9%
$1,539,456
$1.5M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$198.0K $19.80/SF
− Vacancy
−$13.3K −$1.33/SF
EGI
$184.7K $18.47/SF
− OpEx
−$46.2K −$4.62/SF
NOI
$138.6K $13.86/SF
Area
Albany, NY
Vacancy
6.70%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,771,020
Cap Rate 7%
$1,979,300
Cap Rate 9%
$1,539,456
Alternative Uses
Best Use
Specialty Retail
$1.98M
$1.73M – $2.31M
NOI $138,551 @ 7.0% cap · market cap 6.02%
Second Best
Mixed Use
$1.68M
$1.47M – $1.96M
NOI $117,863 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,680 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
8
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
4,105
Businesses Nearby
Explore this area
Business Placement
Demographics for 12210, NY
10,559
Population
6,580
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
9,599
Density / Sq Mi
$55,873
Median Household Income
$35,439
Median Earnings
$1,110
Median Rent
$217,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Four connected buildings combine apartments with an operating bar, commercial space, kitchen equipment, and public utilities.
Where is this apartment building located?
The property is located at 162-170 Jefferson Street Albany, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 8 apartments across 4 adjoining buildings; 10,000 square feet on 0.04 acres; Bar business included with all FFE
