Remodeled Mixed-Use Building with
For Sale
$329,000
427 S Pearl Street, Albany, NY 12207
Fully remodeled mixed-use building with bar and two apartments.
Property Size5,760 SF
Price / SF$57.12
Days on Market126
Property Features for 427 S Pearl Street
General Information
Standard status
Active
Size
5,760 SF
Property subtype
Mixed Use
Building Details
Building Size
5,760 SF
Listing Agency:
Howard Hanna Real Estate Services
(518) 489-9199
Listed By:
Pyramid Brokerage Albany · License #10401358419
(518) 489-9199
Source:
Pyramidbrokerage
Added: Apr 20
Changed: Aug 23
Last Checked: Aug 23 at 6:02AM
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 Real Estate Services
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
Current Use
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
4,102 visits/mo
0.2 miles
U-Haul Moving & Storage Of Albany
Shops & Services
3,480 visits/mo
0.5 miles
Family Dollar
Shops & Services
1,135 visits/mo
0.1 miles
Demographics for 12207, NY
2,399
Population
1,553
Households
1.5
Avg Household Size
37
Median Age
36%
College-Educated
90%
High-School Grad
1.0 sq mi
ZIP Area
2,399
Density / Sq Mi
$32,418
Median Household Income
$49,531
Median Earnings
$689
Median Rent
$242,500
Median Home Value
Market
Vacancy Rate% for Retail in Albany, NY
Questions? Ask Rey
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Frequently Asked Questions
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.
