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162-170 Jefferson Street, Albany, NY, 12210

10beds
11baths
10,000sqft
$2,300,000
$230price/sqft
$18,379/moest. monthly cost
$735,160/yrincome needed

About This Home

(162-170 Jefferson St) is 8 apartments + The Palais Royale Bar & Grill, a well-known successful neighborhood institution since 1931. The sale includes 4 adjoining buildings, the bar, the business & all FFE. Full kitchen w/ halon fire suppression. 162: 2 units/3BR. 164: Palais Royale + 1BR apt above. 166: 2 units/2BR each unit. 168: 3 units -- 2 upstairs apts (3BR total). First floor is an open 1,860 sqft ground-floor commercial space (currently owner's residence) featuring hardwoods, a private bar & high ceilings. 168 is zoned mixed use commercial so someone could be creative with that space. Coffee shop/bakery? 24/7 income potential. Ideal for investors, owner-operators, or developers. The buildings are steps from state government offices, ESP and the NYS Museum. Don't miss this rare downtown Albany assemblage that includes a beloved piece of Albany history.

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Getting Around

94
WalkingWalker's Paradise
63
TransitGood Transit
59
BikeBikeable

Schools

1/10
Giffen Memorial Elementary SchoolGrades PK-50.8 mi
3/10
Stephen And Harriet Myers Middle SchoolGrades 6-81.6 mi
4/10
Albany High SchoolGrades 9-121.4 mi

Construction

Condition

  • Year built: 1880

Materials

  • Roof: Flat,Rubber,Built-Up
  • Construction materials: Stone,Block,Stucco,Wood Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family,Apartment

Interior

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 10
  • Bathrooms: 11
  • Full bathrooms: 8
  • 1/2 bathrooms: 3

Features

  • Ceiling Fan(s),Wet Bar,Ceramic Tile Bath
  • Window features: Wood Frames
  • Flooring: Wood,Ceramic Tile
  • Fireplace features: Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 10,000

Heating & Cooling

  • Heating features: Baseboard,Hot Water,Wood,Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 10,000
  • Total interior livable area: 10,000 sqft

Property

Details

  • Parcel number: 010100 76.3254
  • Attached to another structure: Yes
  • Zoning description: Commercial
  • Special condition: Standard
  • Other equipment: None

Features

  • Exterior features: None
  • Fencing: Wood,Back Yard

Lot

  • Lot size: 1,742 sqft
  • Features: Level,Road Frontage,Corner Lot