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Remodeled Mixed-Use Albany Building

427 S Pearl Street, Albany, NY 12202

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For Sale

$329,000

COMMERCIAL - Albany, NY

Property size:

5,760 SF

Lot size:

0.04 Acres

Price / SF:

$57/SF

HighLights

Fully remodeled mixed‑use building (built 1880) with a historic bar/lounge space plus two income‑producing 2‑bedroom apartments
Bar/lounge includes custom bar, dining area, kitchen, office, and 2 bathrooms (including 1 ADA‑compliant) plus mop/broom closet
Restaurant equipment conveys with the sale; bar/lounge has USB‑integrated outlets and a brand‑new high‑efficiency gas heater (2025)
Two upstairs 2‑bedroom apartments are both occupied month‑to‑month at $1,300/mo and $1,400/mo; tenants pay utilities
Major improvements: new roof (2018), full electrical service update (2023), new sewer line to street (2024), PEX plumbing, newer hot water tanks
Current income/returns: $1,500/mo bar + $2,700/mo apartments; $13,206 estimated expenses; NOI $37,194; current cap rate 11.3%

We can help!

Contact an agent

Victoria McLaughlin

For Sale

$329,000

COMMERCIAL - Albany, NY

Property size:

5,760 SF

Lot size:

0.04 Acres

Price / SF:

$57/SF

Added:: Apr 20, 2026
Days on Market:: 73
Last Refresh:: Jul 1 at 7:06 am

Property Features for 427 S Pearl Street

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: Mixed
Bathrooms: 4
Rooms: Bathroom 4, Bathroom 2, Bathroom 3, Bathroom 1
Parking features: Off Street
Exterior features: Lighting
Basement: Unfinished, Partial
Standard status: Active
APN: 010100 76.73-3-35
Size: 5,760 SF
Lot size: 0.04 Acres

Taxes and HOA fees

Tax Annual Amount: 9964

Utilities

Sewer type: Public Sewer
Heating system: Electric (Heating)
Cooling system: Window Unit(s), Central Air
Water source: Public

Building Details

Year built: 1880
Flooring type: Tile - Ceramic, Laminate
Building materials: Brick
Roof type: Asphalt, Rubber

We can help!

Contact an agent

Victoria McLaughlin

Listing agent Victoria McLaughlin License #10401358419

Listing office Howard Hanna Capital Inc 20 Aviation Road, Clifton Park, NY

Listing date Apr 20, 2026

MLS# 202615449

HighLights

Fully remodeled mixed‑use building (built 1880) with a historic bar/lounge space plus two income‑producing 2‑bedroom apartments
Bar/lounge includes custom bar, dining area, kitchen, office, and 2 bathrooms (including 1 ADA‑compliant) plus mop/broom closet
Restaurant equipment conveys with the sale; bar/lounge has USB‑integrated outlets and a brand‑new high‑efficiency gas heater (2025)
Two upstairs 2‑bedroom apartments are both occupied month‑to‑month at $1,300/mo and $1,400/mo; tenants pay utilities
Major improvements: new roof (2018), full electrical service update (2023), new sewer line to street (2024), PEX plumbing, newer hot water tanks
Current income/returns: $1,500/mo bar + $2,700/mo apartments; $13,206 estimated expenses; NOI $37,194; current cap rate 11.3%

Overview

Located in Albany, NY, 427 S Pearl St is a remodeled mixed-use building. The property includes a renovated bar/lounge, featuring a custom bar, dining area, kitchen, office, one ADA-compliant bathroom, a standard bathroom, and a mop/broom closet. Restaurant equipment conveys with the sale. The commercial space has USB-integrated outlets, updated systems, and a new high-efficiency gas heater (2025). The bar space is currently generating $1,500 per month, with potential upside to approximately $2,000 per month upon liquor license approval. The building also contains 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. Major improvements to the property include a new roof (2018), a full electrical service update (2023), a new sewer line to the street (2024), updated plumbing with PEX throughout, and newer hot water tanks. Tenants are responsible for utilities. The total gross income is $50,400 per year, with total expenses of $13,206, resulting in a Net Operating Income (NOI) of $37,194 and a current cap rate of 11.3%. The lot size is 0.04 acres and the property size is 5760 square feet.

Property Profile Location Intelligence

Current Use by Public Records

ChargePoint Charging Station Electric Vehicle Charging Station Da Wing Spot Restaurant The Wet Lab Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: Albany
County: Albany
State: New York
Longitude: -73.759414
Latitude: 42.637926

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For sale
Mixed-use properties
NY
Albany
12202
427 S Pearl Street

What type of property is this?

Mixed-use property - Fully remodeled mixed-use building with bar and 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: Fully remodeled mixed‑use building (built 1880) with a historic bar/lounge space plus two income‑producing 2‑bedroom apartments; Bar/lounge includes custom bar, dining area, kitchen, office, and 2 bathrooms (including 1 ADA‑compliant) plus mop/broom closet; Restaurant equipment conveys with the sale; bar/lounge has USB‑integrated outlets and a brand‑new high‑efficiency gas heater (2025)

427 S Pearl Street, Albany, NY 12202

COMMERCIAL - Albany, NY

Property Features for 427 S Pearl Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Iconic Albany Restaurant and Pub

Established Delicatessen Business For Sale

Automotive Service Business for Sale

Automotive Service and Workshop

Light-Industrial Warehouse with Office

Mixed-Use Auto Repair Property

Albany Flex Industrial Building

Flexible Office Building with Gated Parking

Mixed-Use Property in Center Square

Historic Church and Parish Hall

Versatile Commercial Property on Central Avenue

Mixed-Use Building with Retail Frontage

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