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162-168 Jeffferson Street

Albany, NY 12210

Active

$2,800,000

Listing by:
John S DiBlasi
DiBlasi Real Estate
518-857-1505

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.

$2,800,000
12.0
Bedrooms
8
Bathrooms
10,000
Sq. Ft.
$ 280
$/Sq. Ft.
0.07
Acres
Year Built:
1880
County:
Albany
School District:
Albany
Acres:
0.07
Listing Agent:
John S DiBlasi
Listing Office:
DiBlasi Real Estate
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Features

Square Feet: 10,000
Town: Albany
Bedrooms: 12
Full Bathrooms: 8
Estimated Taxes: $16,571
Water: Public
Sewer: Public Sewer
Heat: Baseboard, Hot Water, Zoned, Natural Gas
Garage: 0
Property Style: Traditional
Exterior: Fiber Cement, Stucco, Wood Siding
Exterior Features: Other
Cooling: None
Parking Spaces: 0
Zoning: Commercial

Location



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