162-168 Jeffferson Street new Save Request In-Person Tour Request Virtual Tour
Albany,NY 12210
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $280
MLS Listing ID 202528997
Bedrooms 12
Full Baths 8
Half Baths 2
HOA Y/N No
Year Built 1880
Annual Tax Amount $16,571
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 106 x 70
Property Sub-Type Multi Family
Source Global MLS
Property Description
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.
Location
State NY
County Albany
Zoning Commercial
Direction Corner of Jefferson Street and Dove Street
Interior
Interior Features Paddle Fan,Wet Bar
Heating Baseboard,Hot Water,Zoned,Natural Gas
Flooring Hardwood,Laminate
Equipment Other
Window Features Double Pane Windows,Wood Frames
Exterior
Exterior Feature Other
Parking Features None
Utilities Available Cable Available
Roof Type Flat,Rubber
Porch Patio
Building
Lot Description Level,Corner Lot
Sewer Public Sewer
Water Public
Architectural Style Traditional
Schools
School District Albany
Others
Tax ID 76.32-5-3
Special Listing Condition Standard