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.
Property Type(s):
Commercial
|
Last Updated
|
9/10/2024
|
Year Built
|
1880
|
|
County
|
Albany
|
SCHOOLS
| Elementary School |
Thomas S. O'Brien Academy |
| High School |
Albany |
Additional Details
| AIR |
Wall Unit(s) |
| AIR CONDITIONING |
Yes |
| BASEMENT |
Full, Unfinished, Yes |
| CONSTRUCTION |
Brick, Stucco, Wood Siding |
| EXTERIOR |
Lighting |
| HEAT |
Baseboard, Hot Water, Natural Gas, Wood Stove |
| INTERIOR |
Bar, Dry Bar, High Speed Internet, Other, Tray Ceiling(s), Wet Bar |
| LOT |
0.67 acre(s) |
| LOT DESCRIPTION |
Corner Lot, Level |
| LOT DIMENSIONS |
106 x 70 |
| PARKING |
None |
| SEWER |
Public Sewer |
| STYLE |
Commercial |
| TAXES |
16571 |
| WATER |
Public |
| ZONING |
Commercial |
Location
This listing courtesy of DiBlasi Real Estate
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2024.
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