162-170 Jefferson Street

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Address: 162 Jefferson St, Albany, NY 12210, USA
New York & Tri-State + Apartment Buildings
Created date: July 27, 2026
Date last updated: October 2, 2026
Price: $2,300,000Investment Analyzer NEW!

Property Description

(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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Broker Details

John S DiBlasi
John S DiBlasi

DiBlasi Real Estate (518) 857-1505 MLS ID: 7102 State License Number: 10491211230

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Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $2,300,000
No. of Units: 8
Year Built: 1880
Lot Size: 10,000.00 Sq ft
Opportunity Zone: No
Price per unit: $287,500
Property Website Click Here
Number of Bedrooms: 10
Number of Bathrooms: 10
Address: 162-170 Jefferson Street, Albany, NY 12210, USA
Provided by:
Standard Status: Active
MLS Listing Number: 202622723
ID: 3yd-CRMLSNY-202622723
Copyright Disclaimer: Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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