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164 Jefferson Street

Albany, NY 12210

Active

$2,925,000

Listing by:
John S DiBlasi
DiBlasi Real Estate
518-857-1505

162-170 Jefferson St 4 adjoining buildings. 8 apartments and 'The Palais Royale' Bar. 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.

$2,925,000
0.0
Bedroom
0
Bathroom
10,000
Sq. Ft.
$ 293
$/Sq. Ft.
0.67
Acres
Year Built:
1880
County:
Albany
School District:
Albany
Acres:
0.67
Listing Agent:
John S DiBlasi
Listing Office:
DiBlasi Real Estate
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Features

Square Feet: 10,000
Town: Albany
Bedrooms: 0
Full Bathrooms: 0
Estimated Taxes: $16,571
Water: Public
Sewer: Public Sewer
Heat: Baseboard, Hot Water, Natural Gas, Wood Stove
Garage: 0
Property Style: Commercial
Exterior: Brick, Stucco, Wood Siding
Exterior Features: Lighting
Cooling: Wall Unit(s)
Parking Spaces: 0
Zoning: Commercial

Location