162-170 Jefferson Street, Albany, NY 12210

Albany
Local realty services provided by:HUNT Real Estate ERA
162-170 Jefferson Street,Albany, NY 12210
$2,300,000
Virtual Tour
  • 10 Beds
  • 11 Baths
  • 10,000 sq. ft.
  • Multi-family
  • Active
Listed by: john s diblasi, melissa diblasi
Office: diblasi real estate
MLS#:202622723
Source:Global MLS

Price summary

  • Price:$2,300,000
  • Price per sq. ft.:$230

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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Home facts

  • Year built:1880
  • Listing ID #:202622723
  • Added:107 day(s) ago
  • Updated:November 12, 2026 at 05:00 PM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:11
  • Full bathrooms:8
  • Half bathrooms:3
  • Flooring:Wood
  • Bathrooms Description:Ceramic Tile Bath
  • Basement Description:Full, Unfinished
  • Living area:10,000 sq. ft.

Heating and cooling

  • Heating:Baseboard, Hot Water, Natural Gas, Wood

Structure and exterior

  • Roof:Built-Up, Flat, Rubber
  • Year built:1880
  • Building area:10,000 sq. ft.
  • Lot area:0.04 Acres
  • Lot Features:Corner Lot, Level, Road Frontage
  • Architectural Style:Apartment 4 Plus Unit
  • Construction Materials:Block, Stone, Stucco, Wood Siding

Schools

  • High school:Albany
  • Elementary school:Thomas S. O'Brien Academy

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,300,000
  • Price per sq. ft.:$230
  • Tax amount:$22,688

Features and amenities

  • Amenities:Paddle Fan, Wet Bar, Wood Frames
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