(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 Type(s):
Multi Family
|
Last Updated
|
7/27/2026
|
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 |
Block, Stone, Stucco, Wood Siding |
| EXTERIOR |
None |
| FIREPLACE |
Yes |
| HEAT |
Baseboard, Hot Water, Natural Gas, Wood |
| INTERIOR |
Wet Bar |
| LOT |
1742 sq ft |
| LOT DESCRIPTION |
Corner Lot, Level |
| LOT DIMENSIONS |
7338 |
| SEWER |
Public Sewer |
| STYLE |
Apartment 4 Plus Unit |
| TAXES |
22688 |
| UTILITIES |
Sewer Connected |
| WATER |
Public |
Location
This listing courtesy of DiBlasi Real Estate
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
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