275 Lark Street, Albany, NY 12210
- Added:
- Nov 1, 2023
- Days on Market:
- 979
- Last Refresh:
- Jul 6 at 3:06 am
Property Features for 275 Lark Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Parking
- 6
- Parking features
- Off Street, Assigned
- Security features
- Security System
- Patio and Porch features
- Deck, Porch
- Interior features
- Built-in Features
- Exterior features
- Lighting
- Basement
- Full, Walk-Out Access, Unfinished
- Standard status
- Pending
- APN
- 010100 76.23-3-50
- Size
- 2,840 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Annual Amount
- 15603
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1940
- Flooring type
- Tile - Ceramic
- Building materials
- Brick
- Roof type
- Rubber
- Additional Structures
- Outbuilding
Listing agent Deanna Rubinger License #30RU0499649 (518) 428-3093
Listing office REMAX Solutions 800 Route 146, Ste. 120, Clifton Park, NY (518) 318-3800
Listing date Nov 1, 2023
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.
HighLights
- Long‑standing operating bar & tavern with prominent street frontage and first‑floor visibility
- 2nd floor open party area plus an office and full bathroom
- Outside patio with 100‑seat capacity
- 6 off‑street parking spaces in the rear of the building
- Brick construction with rubber roof, central air, and natural gas hot water heating
- Public water and public sewer
Overview
Located in Albany, the building benefits from a high-foot-traffic area close to major civic locations and main city-traveled streets. The combination of street-facing presence and an outdoor patio makes it workable for day-to-day service and customer spillover, supported by rear parking.
For buyers or operators looking for a turnkey hospitality concept, the existing bar-and-tavern layout provides dedicated public space on both floors, plus back-of-house support with an office and full bathroom. The outside patio and parking configuration can help accommodate groups and events while keeping customer access straightforward. The business is described as open seven days a week, offering continuity for an operator seeking an established running model.
Local 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 | $56.2k | $19.80 |
| − Vacancy | −$3.8k | −$1.33 |
| EGI | $52.5k | $18.47 |
| − OpEx | −$13.1k | −$4.62 |
| NOI | $39.3k | $13.86 |
Alternative Uses
Current Use by Public Records
Similar Places 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
- Palais Royale — 164 Jefferson St, Albany, NY 12210
- Loch & Quay — 414 Broadway, Albany, NY 12207
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.766906
- Latitude
- 42.653703
