Mixed-Use Building with
162-170 Jefferson Street Albany, NY 12210
New
For Sale
$2,300,000
COMMERCIAL - Other - Albany, NY
Property Size10,000 SF
Lot Size0.03 Acres
Price / SF$230
Days on Market2
Property Features for 162-170 Jefferson Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
11
Rooms
Bathroom 9, Bathroom 11, Bathroom 8, Bathroom 10, Bathroom 3, Bathroom 6, Bathroom 2, Bathroom 7, Bathroom 5, Bathroom 1, Bathroom 4
Parking features
On Street
Patio and Porch features
Patio
Exterior features
Lighting
Basement
Interior Entry, Unfinished, Full
Standard status
Active
APN
010100 76.32-5-4
Size
10,000 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
22668
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1880
Floors in Building
2
Flooring type
Wood
Building materials
Stucco, Wood Siding
Roof type
Rubber, Built-Up, Flat
Architectural style
Other
Listing Agency:
DiBlasi Real Estate
(518) 857-1505
Listed By:
John S DiBlasi · License #10491211230
(518) 857-1505
Added: Jul 27
Changed: Jul 28
Last Checked: Jul 28 at 3:06PM
MLS# 202622721
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.
This mixed-use assemblage includes four adjoining buildings (162–170 Jefferson Street) with a total of 8 apartments plus The Palais Royale Bar & Grill. The bar/restaurant is paired with apartment units above and within the adjoining structures, with unit distribution including 162 (two 3BR units), 164 (Palais Royale plus a 1BR apartment above), 166 (two 2BR units), and 168 (three units including two upstairs apartments with 3BR total and a standout ground-floor commercial space).
The sale includes the bar and liquor license, as well as all furniture, fixtures, and equipment. The property features a full kitchen with Halon fire suppression. The 168 ground-floor commercial space is approximately 1,860 SF and includes hardwood floors, a private bar, and high ceilings, and it is currently described as an owner’s residence.
Per the provided information, 168 is zoned mixed use commercial, supporting flexibility for the ground-floor commercial space.
The sale includes the bar and liquor license, as well as all furniture, fixtures, and equipment. The property features a full kitchen with Halon fire suppression. The 168 ground-floor commercial space is approximately 1,860 SF and includes hardwood floors, a private bar, and high ceilings, and it is currently described as an owner’s residence.
Per the provided information, 168 is zoned mixed use commercial, supporting flexibility for the ground-floor commercial space.
Key Highlights
- Four adjoining buildings at 162–170 Jefferson St: 8 apartments plus Palais Royale Bar & Grill
- 168 Jefferson St includes 1,860 SF ground‑floor commercial space (currently owner’s residence) with hardwood floors, private bar, and high ceilings
- Unit mix by building: 162 has 2 units/3BR; 164 has Palais Royale plus a 1BR apartment above; 166 has 2 units/2BR; 168 has 3 units (two upstairs, 3BR total)
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $198.0k | $19.80 |
| − Vacancy | −$13.3k | −$1.33 |
| EGI | $184.7k | $18.47 |
| − OpEx | −$46.2k | −$4.62 |
| NOI | $138.6k | $13.86 |
10,000 SF · lease $19.80/SF/yr · vacancy 6.70% · expense 25.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Lia Lounge at MVP Arena — 51 S Pearl St, Albany, NY 12207
- Bull and Bee: Meadery & Tasting Room — 140 Hamilton St, Albany, NY 12207
- The Excelsior Pub — 54 Philip St, Albany, NY 12207
- Delaware Supply — 292 Delaware Ave, Albany, NY 12209
- Loch & Quay — 414 Broadway, Albany, NY 12207
Frequently Asked Questions
What type of property is this?
Bar & Pub - Four adjoining buildings offer apartments above and a ground-floor bar and restaurant with included equipment and liquor license.
Where is this bar & pub 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: Four adjoining buildings at 162–170 Jefferson St: 8 apartments plus Palais Royale Bar & Grill; 168 Jefferson St includes 1,860 SF ground‑floor commercial space (currently owner’s residence) with hardwood floors, private bar, and high ceilings; Unit mix by building: 162 has 2 units/3BR; 164 has Palais Royale plus a 1BR apartment above; 166 has 2 units/2BR; 168 has 3 units (two upstairs, 3BR total)
