427 S Pearl Street, Albany, NY 12202
- Added:
- Jun 17, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 19 at 8:06 pm
Property Features for 427 S Pearl Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Mixed
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 4, Bathroom 4
- Parking features
- Off Street
- Interior features
- Chair Rail
- 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
- 5155
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1880
- Number of units
- 3
- Flooring type
- Tile - Ceramic, Laminate
- 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 Jun 17, 2026
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
- Fully remodeled mixed‑use building at 427 S Pearl St with historic bar/lounge space plus two income‑producing 2‑bedroom apartments.
- Commercial bar/lounge includes custom bar, dining area, kitchen, office, and 1 ADA‑compliant bathroom plus 1 standard bathroom.
- Income and occupancy: bar currently $1,500/mo; both upstairs apartments are month‑to‑month at $1,300/mo and $1,400/mo.
- Financials provided: total gross income $50,400/year; estimated expenses $13,206/year; NOI $37,194/year; current cap rate 11.3%.
- Recent major improvements: roof (2018), full electrical update (2023), new sewer line to street (2024), PEX plumbing, newer hot water tanks.
- Utilities and parking: public water and public sewer; off‑street parking; tenants pay utilities; heating electric and cooling central air + window units.
Overview
Located at 427 S Pearl St in Albany, NY 12202, the building is listed under mixed zoning. Major improvements reported include a new roof in 2018, a full electrical service update in 2023, a new sewer line to the street in 2024, updated plumbing with PEX throughout, and newer hot water tanks. A brand-new high-efficiency gas heater was installed in 2025, and the space includes USB-integrated outlets and updated systems.
The commercial space is described as turnkey and ready for a new concept. Current income is $1,500 per month from the bar/lounge and $1,300 and $1,400 per month from the two apartments, which are currently occupied on month-to-month terms. Tenants pay utilities, helping keep operating expenses controlled. The remarks also report total gross income of $50,400 annually and total expenses of $13,206, resulting in a stated NOI of $37,194 and a current cap rate of 11.3%.
Current Use by Public Records
Similar Places Nearby
- Liquor Shed — 48 Columbia St, Rensselaer, NY 12144
- Lia Lounge at MVP Arena — 51 S Pearl St, Albany, NY 12207
- 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
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.759403
- Latitude
- 42.637925
