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CommercialFor Sale
$2,925,000
164 Jefferson Street
Albany, NY 12210
Courtesy of DiBlasi Real Estate
MLS: Global MLS
11Baths
10,000Sq Ft
Est. Mortgage
$15,198/mo
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.
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