Brick Pub with
For Sale
$1,700,000
4 Clinton Square, Albany, NY 12207
Commercial Sale, Albany, NY
Property Size5,400 SF
Lot Size0.06 Acres
Price / SF$314.81
Days on Market108
Property Features for 4 Clinton Square
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking
2
Parking features
On Street
Patio and Porch features
Patio
Basement
Full
Lot features
Level, Cleared
Directions
Downtown Albany. I-90 east to I-787 south Clinton Avenue exit. Left on N. Pearl. Building located on the right.
Standard status
Active
APN
010100 76.26-4-24
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
13217
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1832
Floors in Building
3
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Tar/Gravel, Flat
Listing Agency:
Venture Fox Realty Group LLC
(518) 290-1070
Listed By:
Sean Martin · License #10401359018
(518) 932-5619
Added: May 6
Changed: Aug 20
Last Checked: Aug 21 at 11:06AM
MLS# 202616534
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 brick bar and pub property combines an operating restaurant and entertainment layout with additional space above. The approximately 5,400+ square-foot building includes a private event room seating 75, a dining room accommodating more than 100 guests, and an outdoor patio with seating for more than 80. Second- and third-floor office areas are complemented by two apartments that can support owner occupancy or additional income. Tile and hardwood flooring, central air, natural gas heat, public water, and public sewer are in place. The property dates to 1832 and includes on-street parking.
At 4 Clinton Square, the property is near The Palace Theatre, Empire Live, Capital Rep, Albany Convention Center, The Clinton Market Collective, and MVP Arena. The location has supported live music and entertainment throughout the year, while the building’s commercial zoning accommodates its current bar and restaurant orientation.
At 4 Clinton Square, the property is near The Palace Theatre, Empire Live, Capital Rep, Albany Convention Center, The Clinton Market Collective, and MVP Arena. The location has supported live music and entertainment throughout the year, while the building’s commercial zoning accommodates its current bar and restaurant orientation.
Key Highlights
- Approximately 5,400+ square feet in a brick building dating to 1832
- 75‑seat private party room plus dining room seating for 100+
- Outdoor patio with seating for 80+ guests
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$74,817
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,496,340
$1.5M
Cap Rate 7%
$1,068,814
$1.1M
Cap Rate 9%
$831,300
$831.3K
Market Conditions
NOI Build-Up for 5,400 SF
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.
Gross rent
$106.9K $19.80/SF
− Vacancy
−$7.2K −$1.33/SF
EGI
$99.8K $18.47/SF
− OpEx
−$24.9K −$4.62/SF
NOI
$74.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,496,340
Cap Rate 7%
$1,068,814
Cap Rate 9%
$831,300
Alternative Uses
Best Use
Specialty Retail
$1.07M
$935.2K – $1.25M
NOI $74,817 @ 7.0% cap · market cap 4.40%
Second Best
Mixed Use
$909.2K
$795.6K – $1.06M
NOI $63,646 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$1.42M
$1.25M – $1.66M
NOI $99,727 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,409
Businesses Nearby
19k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 71%
Shops & Services 29%
Renaissance Albany Hotel
Hotels & Casinos
6,703 visits/mo
0.4 miles
Sunoco
Shops & Services
5,588 visits/mo
0.2 miles
Hampton Inn & Suites Albany Downtown
Hotels & Casinos
4,856 visits/mo
0.2 miles
Hyatt Place
Hotels & Casinos
2,110 visits/mo
0.1 miles
Demographics for 12207, NY
2,399
Population
1,553
Households
1.5
Avg Household Size
37
Median Age
36%
College-Educated
90%
High-School Grad
1.0 sq mi
ZIP Area
2,399
Density / Sq Mi
$32,418
Median Household Income
$49,531
Median Earnings
$689
Median Rent
$242,500
Median Home Value
Market
Vacancy Rate% for Retail in Albany, NY
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Lia Lounge at MVP Arena — 51 S Pearl St, Albany, NY 12207
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- The Excelsior Pub — 54 Philip St, Albany, NY 12207
- Loch & Quay — 414 Broadway, Albany, NY 12207
Frequently Asked Questions
What type of property is this?
Bar & Pub - Commercially zoned bar and pub with dining areas, office space, apartments, and an outdoor patio.
Where is this bar & pub located?
The property is located at 4 Clinton Square Albany, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Approximately 5,400+ square feet in a brick building dating to 1832; 75‑seat private party room plus dining room seating for 100+; Outdoor patio with seating for 80+ guests
