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162-170 Jefferson Street, Albany, NY 12210

Albany
Local realty services provided by:CENTURY 21 Adirondacks
162-170 Jefferson Street,Albany, NY 12210
$2,300,000
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  • 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:88 day(s) ago
  • Updated:October 24, 2026 at 02:36 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
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. NY_GCAR Member Broker: Angela Brown

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