162-170 Jefferson Street, Albany, NY, 12210
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.
Getting Around
Walker's Paradise
Good Transit
BikeableSchools
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
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
No climate risk data available.
How This Home’s Risks Compare
FEMA Declared Disasters in Albany County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $11,630 | $139,560 |
| Home Insurance * | $1,839 | $22,068 |
| Property Taxes | $3,258 | $39,096 |
| Electricity | $1,652 | $19,831 |
| Total | $18,379 | $220,548 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-28 | Listed for sale | $2,300,000 |
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