162-170 Jefferson Street
Albany, NY 12210
$2,300,000
(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.
| Listing Id: | 202622723 |
|---|---|
| List Price: | $2,300,000 |
| Property Type: | Multi-Family |
| Property Sub Type: | Multi Family |
| Status: | Active |
| Bedrooms Total: | 10 |
| Bathrooms Full: | 8 |
| Bathrooms Half: | 3 |
| Living Area: | 10,000 |
| Tax Annual Amount: | $22,688 |
| Lot Size Square Feet: | 1,742.4 |
| Lot Size Acres: | 0.04 |
| Architectural Style: | Apartment 4 Plus Unit |
| Waterfront?: | No |
| City: | Albany |
| County Or Parish: | Albany |
| Subdivision Name: | Select One |
| Postal Code: | 12210 |
| Year Built: | 1880 |
| Number Of Units Total: | 8 |
| List Agent Full Name: | John S DiBlasi |
| Co List Agent Full Name: | Melissa DiBlasi |
| Cooling: | None |
| Exterior Features: | None |
| Elementary School: | Thomas S. O'Brien Academy |
| Lot Size Units: | Acres |
| Window Features: | Wood Frames |
| Heating?: | Yes |
| Bathrooms Total Integer: | 11 |
| Basement: | true |
| Basement: | Unfinished, Full |
| State Or Province: | NY |
| Lot Features: | Corner Lot, Level, Road Frontage |
| Special Listing Conditions: | Standard |
| Sewer: | Public Sewer |
| Lot Size Dimensions: | 7338 |
| Electric: | 100 Amp Service, 200+ Amp Service, Circuit Breakers |
| Fencing: | Back Yard, Wood |
| High School: | Albany |
| Roof: | Built-Up, Rubber, Flat |
| Lot Size Area: | 0.04 |
| Zoning: | Commercial |
| Documents Change Timestamp: | 2026-07-28T00:21:26Z |
| Heating: | Baseboard, Hot Water, Wood |
| Directions: | Corner of Dove and Jefferson Street |
| Fireplace Features: | Wood Burning |
| Flooring: | Ceramic Tile, Wood |
| Listing Contract Date: | 2026-07-27 |
| Parcel Number: | 010100 76.32-5-4 |
| List Agent Key: | 20211012220234030013000000 |
| Construction Materials: | Block, Stone, Wood Siding, Stucco |
| Water Source: | Public |
| Co List Office Key: | 20211012214140207031000000 |
| Co List Agent Key: | 20220411194508406278000000 |
| High School District: | Albany |
| Above Grade Finished Area: | 10,000.0 |
| Security Features: | Fire Sprinkler System |
| Other Equipment: | None |
| Tenant Pays: | Gas, Cable TV, Electricity |
| Postal City: | Albany |
| Other Structures: | None |
| Above Grade Finished Area Source: | CRS |
| Original List Price: | $2,300,000 |
| Possession: | At Closing |
| Cross Street: | Dove St |
| Below Grade Finished Area Source: | CRS |
| Bathrooms Total Decimal: | $9.50 |
| Property Detail Deed Restrictions: | Unknown |
| Property Detail Main Road Frontage: | $160.00 |
| Property Detail Enhanced Accessible Yn2: | No |
| Property Detail Survey 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 |
| Bath Levels Full Bath 1: | 1st |
| Bath Levels Full Bath 2: | 2nd |
| Bath Levels Full Bath 3: | 1st |
| Bath Levels Full Bath 4: | 2nd |
| Bath Levels Full Bath 5: | 1st |
| Bath Levels Full Bath 6: | 2nd |
| Bath Levels Full Bath 7: | 2nd |
| Bath Levels Full Bath 8: | 2nd |
| Bath Levels Half Bath 1: | 1st |
| Bath Levels Half Bath 2: | 1st |
| Bath Levels Half Bath 3: | Basement |
| Separate Utilities Number Of Separate Electric Meters: | 9 |
| Multi Family Unit 1 Detail Unit Location Mf Unit 1: | 162 1F |
| Multi Family Unit 1 Detail Total Rooms Mf Unit 1: | 4 |
| Multi Family Unit 1 Detail Total Bedrooms Mf Unit 1: | 1 |
| Multi Family Unit 1 Detail Total Full Baths Mf Unit 1: | 1 |
| Multi Family Unit 2 Detail Unit Location Mf Unit 2: | 162 2F |
| Multi Family Unit 2 Detail Total Rooms Mf Unit 2: | 5 |
| Multi Family Unit 2 Detail Total Bedrooms Mf Unit 2: | 2 |
| Multi Family Unit 2 Detail Total Full Baths Mf Unit 2: | 1 |
| Multi Family Unit 3 Detail Unit Location Mf Unit 3: | 164 1F |
| Multi Family Unit 3 Detail Total Rooms Mf Unit 3: | 2 |
| Multi Family Unit 3 Detail Total Half Baths Mf Unit 3: | 2 |
| Multi Family Unit 4 Detail Unit Location Mf Unit 4: | 164 2F |
| Multi Family Unit 4 Detail Total Rooms Mf Unit 4: | 4 |
| Multi Family Unit 4 Detail Total Bedrooms Mf Unit 4: | 1 |
| Multi Family Unit 4 Detail Total Full Baths Mf Unit 4: | 1 |
| Multi Family Unit 5 Detail Unit Location Mf Unit 5: | 166 1F |
| Multi Family Unit 5 Detail Total Rooms Mf Unit 5: | 4 |
| Multi Family Unit 5 Detail Total Bedrooms Mf Unit 5: | 2 |
| Multi Family Unit 5 Detail Total Full Baths Mf Unit 5: | 2 |
| Multi Family Unit 6 Detail Unit Location Mf Unit 6: | 166 2F |
| Multi Family Unit 6 Detail Total Rooms Mf Unit 6: | 5 |
| Multi Family Unit 6 Detail Total Bedrooms Mf Unit 6: | 2 |
| Multi Family Unit 6 Detail Total Full Baths Mf Unit 6: | 1 |
| Multi Family Unit 7 Detail Unit Location Mf Unit 7: | 168 2F |
| Multi Family Unit 7 Detail Total Rooms Mf Unit 7: | 4 |
| Multi Family Unit 7 Detail Total Bedrooms Mf Unit 7: | 2 |
| Multi Family Unit 7 Detail Total Full Baths Mf Unit 7: | 1 |
| Multi Family Unit 8 Detail Unit Location Mf Unit 8: | 168 2F |
| Multi Family Unit 8 Detail Total Rooms Mf Unit 8: | 3 |
| Multi Family Unit 8 Detail Total Bedrooms Mf Unit 8: | 1 |
| Multi Family Unit 8 Detail Total Full Baths Mf Unit 8: | 1 |
| Levels: | Two |
| Approval Status: | Yes |
| Photos - the contractual owner of the photos Photo Owner 3: | Broker |
| Separate Utilities: | Electric, Gas, Heat, Water Heater |
| Attic Features: | No Attic Access |
| Architectural Style: | Apartment 4 Plus Unit |
| Fireplace?: | Yes |
| Exterior Features: | None |
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
