Sharon FronkRealtor® · Howard Hanna
LoadingActive
$2,300,000
162-170 Jefferson Street
Albany, NY 12210 · Albany County
11Baths
10,000Sq Ft
0.03 acresLot Size
1880Year Built
$230Per Sq Ft
Est. P&I $11,630/moGet pre-qualified
Commercial 44 days on market
MLS# 202622721 Updated 4 weeks ago
Sharon’s Take
This rare mixed-use assemblage on Jefferson Street comprises four adjoining buildings one block from Empire State Plaza, combining eight residential apartments with The Palais Royale Bar and Grill, an established neighborhood restaurant. The 10,000-square-foot property, built in 1880, includes the bar operation, all fixtures and equipment, and a full kitchen with halon fire suppression. One building features 1,860 square feet of ground-floor commercial space zoned for mixed-use development, offering potential for alternative uses such as a cafe or bakery. The package presents an opportunity for investors, owner-operators, or developers seeking a downtown presence near state government offices and major cultural institutions.
Sharon Fronk · Howard Hanna Capital Region
About this property
Rare mixed-use investment 1 block from Empire State Plaza! 4 adjoining buildings (162-170 Jefferson St) = 8 apartments + The Palais Royale Bar & Grill, a well-known neighborhood institution. Sale includes 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. 168: 3 units -- 2 upstairs apts (3BR total) + open 1,860 SF 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? Ideal for investors, owner-operators, or developers. Near to state government offices and the NYS Museum. Don't miss this rare downtown Albany assemblage that includes a beloved piece of Albany history.
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Price per sq ft
$230
Days on market
44
Year built
1880
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34 facts pulled straight from the MLS listing.
Overview
Property TypeCommercial
Sub-TypeMixed Use
Year Built1880
Days on Market44
StatusActive
MLS Number202622721
ListedJuly 27, 2026
ZoningCommercial
Interior
Bathrooms11
Living Area10,000 sq ft
Heating
Hot WaterNatural Gas
Cooling
Wall Unit(s)
Flooring
OtherWood
Basement
FullInterior EntryUnfinished
Interior Features
Full Unfinished Interior Entry Basement
Exterior & Lot
Lot Size0.03 acres
Lot Features
Corner Lot
Parking
On Street
Exterior Features
LightingOn Street
Building & Construction
Architectural Style
Traditional
Construction
OtherStuccoWood Siding
Roof
FlatRubberBuilt-Up
Sewer
Public Sewer
Water Source
Public
Financial
List Price$2,300,000
Price per Sq Ft$230
Special Conditions
Standard
Est. Monthly P&I$11,630/mo
Location
CountyAlbany
High School DistrictAlbany
Elementary DistrictThomas S. O'Brien Academy
Listing Details
Listed ByJohn S DiBlasi of DiBlasi Real Estate
Data SourceSpark Platform / Global MLS
Last UpdatedAug 12, 2026
Estimated monthly payment
per mo$16,901
- Principal & Interest$11,630
- Property Tax$4,600
- Insurance$671
Loan Term
Tax estimated at the Albany County rate. Insurance and PMI are estimates. Sharon can connect you with a lender for real numbers.
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- Start162-170 Jefferson Street, Albany, NY 12210
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Schools
The district this address is assigned to. Ratings and reviews are hosted on GreatSchools.
Albany
Assigned high school district
Thomas S. O'Brien Academy
Assigned elementary district
Assigned districts can change and are not guaranteed. Confirm enrollment boundaries with the district directly before relying on them.
About Albany, NY
Albany is in Albany County, NY. There are currently 261 active listings here, ranging from $12,500 to $10,899,000. Listings in this address fall under the Albany school district. Priced 630% above the Albany median of $314,900.
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Sharon represents buyers for this property. Your tour, offer, and inquiries go through her, not the listing brokerage.
DiBlasi Real Estate · Listed by John S DiBlasi (7102)
Contact: 518-857-1505
MLS #202622721 · Source: Global MLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Sharon Fronk Real Estate is committed to compliance with the Fair Housing Act and provides equal opportunity in housing.
