(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.
Property Details
- Basement: Full, Unfinished
- Bathrooms: Full 8, Half 3
- Bathrooms 1/2: 3
- Bedrooms: 10
- Cooling: None
- County: Albany
- Estimated Taxes: $22,688
- Exterior: Stone, Block, Stucco, Wood Siding
- Exterior Features: None
- Heat: Baseboard, Hot Water, Wood, Natural Gas
- Interior Features: Paddle Fan, Wet Bar, Ceramic Tile Bath
- Property Style: Apartment 4 Plus Unit
- School District: Albany
- Sewer: Public Sewer
- Square Feet: 10,000
- Town: Albany
- Water: Public
- Year Built: 1880
- Zoning: Commercial