162-170 Jefferson Street
Albany, NY 12210
$2,300,000
Rare mixed-use investment 1 block from Empire State Plaza! 4 adjoining buildings (162-170 Jefferson St) = 8 apartments + The Palais Royale Bar & Grill, a well-known neighborhood institution. Sale includes 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. 168: 3 units -- 2 upstairs apts (3BR total) + open 1,860 SF 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? Ideal for investors, owner-operators, or developers. Near to state government offices and the NYS Museum. Don't miss this rare downtown Albany assemblage that includes a beloved piece of Albany history.
| Listing Id: | 202622721 |
|---|---|
| List Price: | $2,300,000 |
| Property Type: | Commercial Sale |
| Property Sub Type: | Mixed Use |
| Status: | Active |
| Bathrooms Full: | 11 |
| Living Area: | 10,000 |
| Tax Annual Amount: | $22,668 |
| Lot Size Square Feet: | 10,000.0 |
| Lot Size Acres: | 0.03 |
| Architectural Style: | Traditional |
| Waterfront?: | No |
| City: | Albany |
| County Or Parish: | Albany |
| Postal Code: | 12210 |
| Year Built: | 1880 |
| List Agent Full Name: | John S DiBlasi |
| Co List Agent Full Name: | Melissa DiBlasi |
| Cooling: | Wall Unit(s) |
| Elementary School: | Thomas S. O'Brien Academy |
| Lot Size Units: | Acres |
| Patio And Porch Features: | Patio |
| Heating?: | Yes |
| Bathrooms Total Integer: | 11 |
| Cooling?: | Yes |
| Basement: | true |
| Basement: | Unfinished, Full, Interior Entry |
| State Or Province: | NY |
| Lot Features: | Corner Lot |
| Special Listing Conditions: | Standard |
| Building Area Total: | 10,000.0 |
| Stories: | 2 |
| Sewer: | Public Sewer |
| Lot Size Dimensions: | 106 X 70 |
| Electric: | 100 Amp Service, 200+ Amp Service |
| High School: | Albany |
| Roof: | Built-Up, Rubber, Flat |
| Lot Size Area: | 0.03 |
| Possible Use: | Apartment Plus, Business, Office, Office/Retail, Restaurant, Tavern, Tavern Plus, Convenience Store, Fitness/Gym, Place of Worship, Investment, Laundromat, Multi-Family, School Building |
| Parking Features: | On Street |
| Current Use: | Apartment Plus, Multi-Family, Restaurant, Tavern Plus |
| Zoning: | Commercial |
| Documents Change Timestamp: | 2026-07-27T23:51:44Z |
| Heating: | Hot Water |
| Directions: | The Corner of Dove St and Jefferson St from 170 Jefferson East to 162 Jefferson St |
| Flooring: | Wood |
| Business Type: | Bar/Tavern/Lounge |
| Listing Contract Date: | 2026-07-27 |
| Parcel Number: | 010100 76.32-5-4 |
| List Agent Key: | 20211012220234030013000000 |
| Construction Materials: | Wood Siding, Stucco, Other |
| Water Source: | Public |
| Co List Office Key: | 20211012214140207031000000 |
| Co List Agent Key: | 20220411194508406278000000 |
| High School District: | Albany |
| Security Features: | Carbon Monoxide Detector(s), Smoke Detector(s) |
| Year Established: | 1933 |
| Tenant Pays: | Cable TV, Electricity |
| Postal City: | Albany |
| Business Name: | THE PALAIS ROYALE |
| Original List Price: | $2,300,000 |
| Possession: | At Closing, Subject To Tenant Rights |
| Cross Street: | Dove Street |
| Bathrooms Total Decimal: | $11.00 |
| Contract Information Lease Considered: | No |
| Contract Information List Price Sq Ft: | $230.00 |
| Contract Information List Price Acres: | $76,666,666.67 |
| Property Detail Parking Yn: | No |
| Property Detail Building Available Sqft: | $10,000.00 |
| Property Detail Main Road Frontage: | $177.00 |
| Property Detail Enhanced Accessible Yn2: | No |
| Parcel Tax Hoa Total Taxes Description: | Estimated |
| Financial Details General Taxes: | $9,405.00 |
| Financial Details General Taxes Description: | Estimated |
| Financial Details School Taxes: | $13,263.00 |
| Financial Details School Taxes Description: | Estimated |
| Building Detail Fire Sprinkler System Yn: | Yes |
| Building Detail Fire Sprinkler Description: | HALON |
| Building Detail Railroad Siding Yn: | No |
| Flooring Other39, Listing Terms: | Asbestos |
| Number Of Buildings: | 4 |
| Inclusions: | Business & Building |
| Approval Status: | Yes |
| Photos - the contractual owner of the photos Photo Owner 3: | Broker |
| Architectural Style: | Traditional, Apartments, Bar/Tavern/Lounge |
| Exterior Features: | Lighting |
Listing Courtesy of: DiBlasi Real Estate
Listing Agent: John S DiBlasi
518-857-1505
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Data last updated October 08, 2026 05:02 PM - ET.
Property Last Updated: October 08, 2026 05:02 PM - ET
