162-170 Jefferson Street

$2,300,000

Home For Sale - Active

Multi-Family
MLS # 202622723

Listing Provided By: DiBlasi Real Estate John S DiBlasi518-857-1505

Property Details

Acres: 0.04
Total Square Feet: 10,000
Above Ground Square Feet: 10000
Town: Albany
Property Type: Multi-Family
Bedrooms: 10
Full Bathrooms: 8
1/2 Bathrooms: 3
School District: Albany
Estimated Taxes: $22,688
Water: Public
Sewer: Public Sewer
Heat: Baseboard, Hot Water, Wood, Natural Gas
Property Style: Apartment 4 Plus Unit
Basement: Full, Unfinished
Exterior: Stone, Block, Stucco, Wood Siding
Exterior Features: None
County: Albany
Cooling: None
Zoning: Commercial
Interior Features: Paddle Fan, Wet Bar, Ceramic Tile Bath

Remarks

(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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Contact an Agent

Daniel Davies
NYS Licensed Real Estate Broker GRI, ABR, RSPS,SRS,C2EX
(518) 656-9068
dan@daviesrealty.net