Remodeled Mixed-Use Building with
427 S Pearl Street Albany, NY 12202
For Sale
$329,000
Fully remodeled mixed-use building with bar and two apartments.
Property Size5,760 SF
Price / SF$57.12
Days on Market95
Property Features for 427 S Pearl Street
General Information
- Standard status
- Active
- Size
- 5,760 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1880
Listing Agency:
HOWARD HANNA CAPITAL INC
(518) 489-1000
Listed By:
VICTORIA MCLAUGHLIN · License #10401358419
Source:
Corcoran
Added: Apr 20
Changed: Jul 10
Last Checked: Jul 23 at 2:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HOWARD HANNA CAPITAL INC
Investment Insights
Based on property information with market context.
Located at 427 S Pearl St in Albany, this mixed-use building features a remodeled commercial space and two apartments. The commercial space includes a renovated bar/lounge with a custom bar, dining area, kitchen, office, one ADA-compliant bathroom, one standard bathroom, and a mop/broom closet. It features USB-integrated outlets, updated systems, and a high-efficiency gas heater installed in 2025. The commercial space is currently generating $1,500 per month, with potential to increase to approximately $2,000 per month upon liquor license approval. The building also includes two 2-bedroom apartments with updated layouts and large bathrooms. Both apartments are currently occupied on a month-to-month basis, generating $1,300 and $1,400 per month, respectively. The property has undergone improvements including a new roof in 2018, a full electrical service update in 2023, and a new sewer line to the street in 2024. Plumbing has been updated with PEX throughout, and newer hot water tanks have been installed. Tenants are responsible for utilities. The total gross income is $50,400 per year, with a net operating income of $37,194. The property size is 5,760 square feet.
Key Highlights
- High 11%+ CAP Rate and $37,194 Net Operating Income (NOI) provides a strong return on investment.
- Fully remodeled mixed‑use building with a historic bar space and two income‑producing apartments.
- Turnkey commercial space with a renovated bar/lounge, custom bar, dining area, kitchen, and updated systems.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
ChargePoint Charging Station
Electric Vehicle Charging Station
Da Wing Spot
Restaurant
The Wet Lab
Restaurant
FAQs
What type of property is this?
Mixed-use property - Fully remodeled mixed-use building with bar and two apartments.
Where is this mixed-use property located?
The property is located at 427 S Pearl Street Albany, NY.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: High 11%+ CAP Rate and $37,194 Net Operating Income (NOI) provides a strong return on investment.; Fully remodeled mixed‑use building with a historic bar space and two income‑producing apartments.; Turnkey commercial space with a renovated bar/lounge, custom bar, dining area, kitchen, and updated systems.
