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162-168 Jefferson Street 4 Properties Offered at $2,800,000 in Albany, NY
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $2,800,000 | Number of Properties | 4 |
| Price / SF | $340.76 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 8,217 SF |
| Status | Active | Total Land Area | 0.17 AC |
| Price | $2,800,000 |
| Price / SF | $340.76 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 8,217 SF |
| Total Land Area | 0.17 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 168 Jefferson St, Albany, NY 12210 | Multifamily | 3,720 SF | 1880 | - |
| 166 Jefferson St, Albany, NY 12210 | Multifamily | 1,800 SF | 1880 | - |
| 162 Jefferson St, Albany, NY 12210 | Multifamily | 1,260 SF | 1880 | - |
| 164 Jefferson St, Albany, NY 12210 | Retail | 1,437 SF | 1880 | - |
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162-168 Jefferson Street
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