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162-168 Jeffferson Street, Albany, NY 12210

Local realty services provided by:CENTURY 21 North East
162-168 Jeffferson Street,Albany, NY 12210
$2,800,000
  • 12 Beds
  • 10 Baths
  • 10,000 sq. ft.
  • Multi-family
  • Active
Listed by: john s diblasi
Office: diblasi real estate
MLS#:202528997
Source:Global MLS

Price summary

  • Price:$2,800,000
  • Price per sq. ft.:$280

About this home

Attention Investors: Get your cash flow here. Purchase a famous tavern, the building it's in, and 3 additional adjoining rental properties containing 8 apartments. You can be the next owner of the well known neighborhood staple the 'Palais Royale' Bar and Grill. Included are the bar, the liquor license, ATM, dartboard, pool table, wall mounted jukebox, TV's and all FFE. Full kitchen with halon fire suppression system. 162 Jefferson St (2 units, 2BR/1BR) 164 Jefferson St is the Palais Royale Bar and Grill with an apartment upstairs (1BR). 166 Jefferson St (2 units,2BR /2BR) 168 Jefferson St (3 units) has 2 apartments upstairs (2BR/1BR) and a 1,860 ft unit commercial space on the first floor which is currently the owners living unit. This large unit features hardwoods, a private bar and high ceilings. MTM tenants All 4 buildings are zoned R2C Over six figures in potential rents plus the income from the Palais Royale makes this 4 building package with a turnkey successful business a

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Home facts

  • Year built:1880
  • Listing ID #:202528997
  • Added:84 day(s) ago
  • Updated:January 28, 2026 at 06:16 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:10
  • Full bathrooms:8
  • Half bathrooms:2
  • Living area:10,000 sq. ft.

Heating and cooling

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

Structure and exterior

  • Roof:Flat, Rubber
  • Year built:1880
  • Building area:10,000 sq. ft.
  • Lot area:0.07 Acres

Schools

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

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,800,000
  • Price per sq. ft.:$280
  • Tax amount:$16,571
The information being provided by Global MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified.  © 2026 Global MLS All rights reserved.

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