162-168 Jeffferson Street, Albany, NY 12210 (MLS # 202528997)

Attention Investors: Get your cash flow here. Purchase a famous tavern, the building it's in, and 3 additional adjoining rental properties containing 8 apartments. You can be the next owner of the well known neighborhood staple the 'Palais Royale' Bar and Grill. Included are the bar, the liquor license, ATM, dartboard, pool table, wall mounted jukebox, TV's and all FFE. Full kitchen with halon fire suppression system. 162 Jefferson St (2 units, 2BR/1BR) 164 Jefferson St is the Palais Royale Bar and Grill with an apartment upstairs (1BR). 166 Jefferson St (2 units,2BR /2BR) 168 Jefferson St (3 units) has 2 apartments upstairs (2BR/1BR) and a 1,860 ft unit commercial space on the first floor which is currently the owners living unit. This large unit features hardwoods, a private bar and high ceilings. MTM tenants All 4 buildings are zoned R2C Over six figures in potential rents plus the income from the Palais Royale makes this 4 building package with a turnkey successful business a great investment.

Last Updated	11/4/2025	Year Built	1880
County	Albany

SCHOOLS

Elementary School	Thomas S. O'Brien Academy
High School	Albany

Additional Details

AIR	None
BASEMENT	Full, Unfinished, Yes
CONSTRUCTION	Fiber Cement, Stucco, Wood Siding
EXTERIOR	Other
HEAT	Baseboard, Hot Water, Natural Gas, Zoned
INTERIOR	Wet Bar
LOT	3049 sq ft
LOT DESCRIPTION	Corner Lot, Level
LOT DIMENSIONS	106 x 70
PARKING	None, No Garage
SEWER	Public Sewer
STYLE	Traditional
TAXES	16571
UTILITIES	Cable Available, Sewer Connected
WATER	Public

Location

 

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