Remodeled Mixed-Use Albany
427 S Pearl Street, Albany, NY 12202
- Added:
- Apr 20, 2026
- Days on Market:
- 26
- Last Refresh:
- May 15 at 6:06 am
Property Features for 427 S Pearl Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Mixed
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 1
- Parking features
- Off Street
- Exterior features
- Lighting
- Basement
- Partial, Unfinished
- 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
- Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1880
- Flooring type
- Laminate, Tile - Ceramic
- Building materials
- Brick
- Roof type
- Asphalt, Rubber
Listing agent Victoria McLaughlin License #10401358419 (518) 429-7484
Listing office Howard Hanna Capital Inc 20 Aviation Road, Clifton Park, NY (518) 489-1000
Listing date Apr 20, 2026
MLS# 202615449
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
- High 11%+ CAP Rate with significant income upside potential upon liquor license approval.
- Fully renovated, turnkey commercial space with a custom bar and included restaurant equipment, ready for immediate operation.
- Two income‑producing, updated 2‑bedroom apartments with strong rental history.
- Major recent improvements including a new roof (2018), full electrical service update (2023), and new sewer line (2024).
- Low operating expenses due to tenants paying utilities.
- Mixed‑use building offering flexibility for investors or owner‑users.
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
Insight Report
Location Intelligence
Current Use by Public Records
ChargePoint Charging Station
Electric Vehicle Charging Station
Da Wing Spot
Restaurant
The Wet Lab
Restaurant
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.759414
- Latitude
- 42.637926
Nearby Similar for Sale
FAQs
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: High 11%+ CAP Rate with significant income upside potential upon liquor license approval.; **Fully renovated, turnkey commercial space with a custom bar and included restaurant equipment, ready for immediate operation.**; Two income‑producing, updated 2‑bedroom apartments with strong rental history.
