Iconic Albany Restaurant and
4 Clinton Square Albany, NY 12207
For Sale
$1,700,000
COMMERCIAL - Albany, NY
Property Size5,400 SF
Lot Size0.06 Acres
Price / SF$314.81
Days on Market80
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
- Standard status
- Active
- APN
- 010100 76.26-4-24
- Size
- 5,400 SF
- 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: Jul 24
Last Checked: Jul 24 at 8:06PM
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 commercial property in Albany, NY, presents an opportunity to acquire both a building and a business. McGeary's Irish Pub, a long-standing establishment in downtown Albany for almost 50 years, is available for new ownership. The property is located in the heart of the entertainment district, near The Palace Theatre, Empire Live, Capital Rep, Albany Convention Center, The Clinton Market Collective, and the MVP Arena. The property offers over 5400 sq ft of space, including a 75-seat private party room, a dining room with over 100 seats, and an outdoor patio with over 80 seats. It has been a gathering place for politicians, state and city officials, sports fans, concert-goers, first responders, and locals. The property also features year-round local live music and entertainment. The second and third floors include office space and two apartments, potentially providing additional income or owner's use. The lot size is 0.06 acres.
Key Highlights
- 5,400+ sq ft building operating as McGeary's Irish Pub, with dining room seating for 100+
- Includes a 75‑seat private party room
- Outdoor patio with 80+ seats
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 | $106.9k | $19.80 |
| − Vacancy | −$7.2k | −$1.33 |
| EGI | $99.8k | $18.47 |
| − OpEx | −$24.9k | −$4.62 |
| NOI | $74.8k | $13.86 |
5,400 SF · lease $19.80/SF/yr · vacancy 6.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.07M
$935.2K – $1.25M
NOI $74,817 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
McGeary's
Bar & Pub
Similar Off Market Nearby
- Lia Lounge at MVP Arena — 51 S Pearl St, Albany, NY 12207
- Derailed Bar And Grill — 700 East St, Rensselaer, NY 12144
- Bull and Bee: Meadery & Tasting Room — 140 Hamilton St, Albany, NY 12207
- The Excelsior Pub — 54 Philip St, Albany, NY 12207
- Loch & Quay — 414 Broadway, Albany, NY 12207
FAQs
What type of property is this?
Bar & Pub - A legacy business in Albany's vibrant entertainment district.
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: 5,400+ sq ft building operating as McGeary's Irish Pub, with dining room seating for 100+; Includes a 75‑seat private party room; Outdoor patio with 80+ seats
