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164 Jefferson Street

Albany, NY 12210
  • $2,925,000
  • STATUS: Active
  • MLS #: 202425162
UPDATED: 28 min ago
$2,925,000
  • 0
    BEDS
  • 0.67
    ACRES
  • 11
    BATHS
  • 0
    1/2 BATHS
  • 10,000
    SQFT
  • $293
    $/SQFT
Type:
Commercial
Built:
1880
County:
Area:

School Information

Elementary School:
High School:
School District:

Description

164-168 Jefferson St 4 adjoining buildings. 7 apartments and 2 commercial spaces including 'The Palais Royale'. When fully rented the income from both apartments and the bar is a 10.9 cap rate, on the pro-forma Included are the bar, liquor license and all FFE. A POS system, ATM, Dartboard, Pool Table, etc. 162 Jefferson St (2 units/4BR total) 164 Jefferson St is the FAMOUS Palais Royale Bar and apartment upstairs (1BR). 166 Jefferson St (2 units/2BR total) 168 Jefferson St (3 units) has 2 apartments upstairs (3BR total) and a 1,860 ft unit commercial space on the first floor which is currently the owners unit. This large unit features hardwoods, private bar and high ceilings. Pro forma available upon request.

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© 2024 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2024-11-08T22:12:36.147.
www.heerrealty.com/homes/154995891
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164 Jefferson Street Albany, NY 12210

  • Price: $2,925,000
  • Status: Active
  • On Site: Days
  • Updated: 28 min ago
  • MLS #: 202425162
0
Beds
11
Baths
0
½ Baths
0.67
Acres
10,000
SQFT
$293
$/SQFT
1880
Built
County:
Albany
Area:
Albany
Elementary School:
Thomas S. O'brien Academy
High School:
Albany
School District:
Albany
Property Description
164-168 Jefferson St 4 adjoining buildings. 7 apartments and 2 commercial spaces including 'The Palais Royale'. When fully rented the income from both apartments and the bar is a 10.9 cap rate, on the pro-forma Included are the bar, liquor license and all FFE. A POS system, ATM, Dartboard, Pool Table, etc. 162 Jefferson St (2 units/4BR total) 164 Jefferson St is the FAMOUS Palais Royale Bar and apartment upstairs (1BR). 166 Jefferson St (2 units/2BR total) 168 Jefferson St (3 units) has 2 apartments upstairs (3BR total) and a 1,860 ft unit commercial space on the first floor which is currently the owners unit. This large unit features hardwoods, private bar and high ceilings. Pro forma available upon request.
Exterior Features

Architectural Style Commercial Attached Garage YN No Construction Materials BrickStuccoWood Siding Door Features [] Exterior Features Lighting Fencing [] Foundation Details [] Lot Features Road FrontageLevelCorner Lot Other Structures [] Parking Features None Parking Total 0 Patio And Porch Features EnclosedPatio Pool Features [] Roof Rolled/Hot MopRubber View [] Waterfront Features [] Waterfront YN No

Interior Features

Basement FullUnfinished Cooling Wall Unit(s) Cooling YN Yes Flooring VinylHardwoodLaminate Heating BaseboardHot WaterNatural GasWood Stove Heating YN Yes Interior Features High Speed InternetPaddle FanTray Ceiling(s)Wet BarWall PanelingOtherDry Bar

Property Features

Accessibility Features [] Association Amenities [] Association Fee Includes [] Association YN No Current Use Apartment PlusMixed UseMulti-FamilyTavern Electric 100 Amp Service200+ Amp Service Horse Amenities [] Land Lease YN No Listing Terms [] New Construction YN No Other Equipment [] Property Sub Type Mixed Use Security Features OtherSmoke Detector(s)Carbon Monoxide Detector(s)Fire Alarm Sewer Public Sewer Special Listing Conditions Standard Tenant Pays InternetOtherCable TVGas Utilities [] Water Source Public Zoning Commercial

Listing information © 2024 Global MLS.
Listing provided courtesy of John Diblasi of DiBlasi Real Estate: .



© 2024 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2024-11-08T22:12:36.147.
 
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