$2,800,000

162 Jefferson St Albany, NY 12210

Hudson Park Neighborhood

Estimated payment $16,168/month

Total Views 2,018
12 Beds
10 Baths
10,000 Sq Ft
$280 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Corner Lot
  • Wood Frame Window
  • Wood Flooring
  • No HOA
  • Double Pane Windows

About This Home

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.

Listing Agent

John DiBlasi

DiBlasi Real Estate License #10491211230 Listed on: 11/04/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,571

Year Built

  • Built in 1880

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 106 x 70
  • Wood Fence
  • Back Yard Fenced
  • Corner Lot
  • Level Lot

Home Design

  • Traditional Architecture
  • Flat Roof Shape
  • Brick Foundation
  • Rubber Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 10,000 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Paddle Fans
  • Double Pane Windows
  • Wood Frame Window
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Carbon Monoxide Detectors

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 12 Bedrooms
  • Bathroom on Main Level

Outdoor Features

  • Patio

Schools

  • Thomas S. O'brien Academy Elementary School
  • Albany High School

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • 200+ Amp Service
  • 100 Amp Service
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 3 / 5
  • Assessor Parcel Number 76.32-5-3

Community Details

Overview

  • No Home Owners Association
  • 9 Units

Building Details

  • Insurance Expense $7,272

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,571

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: Multi Family
  • Electric Expense: 3500.0
  • Zoning: Commercial
  • Year Built: 1880
  • Directions: Corner of Jefferson Street and Dove Street
  • Above Grade Finished Sq Ft: 10000.0
  • Architectural Style: Traditional
  • Lot Size Acres: 0.07
  • Lot Size: 106 x 70
  • Electric Expense Description: Estimated
  • Gas Expense Description: Estimated
  • Insurance Expense Description: Estimated
  • Water Sewer Expense Description: Estimated
  • Income And Expenses Heat Expense Est: 3500.0
  • Number Of Air Conditoners: 1
  • Unit Information Number Of Dryers: 1
  • Number of Refrigerators: 9
  • Unit Information Number Of Stoves: 9
  • Unit Information Number Of Washers: 1
  • Flooring:Laminate: Yes
  • Fencing:Back Yard: Yes
  • Flooring:Hardwood: Yes
  • Fencing:Wood4: Yes
  • Architectural Style:Traditional: Yes
  • Foundation Details:BrickMortar: Yes
  • Levels Two: Yes
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Laminate
  • Basement: Full, Unfinished
  • Interior Amenities: Paddle Fan, Wet Bar
  • Full Bathrooms: 8
  • Half Bathrooms: 2
  • Total Bedrooms: 12
  • Living Area: 10000.0
  • Other Equipment: Other
  • Window Features: Double Pane Windows, Wood Frames
  • Bathroom Levels Full Bathroom 1: 1st
  • Bathroom Levels Full Bathroom 2: 2nd
  • Bathroom Levels Full Bathroom 3: 1st
  • Bathroom Levels Full Bathroom 4: 2nd
  • Bathroom Levels Full Bathroom 5: 1st
  • Bathroom Levels Full Bathroom 6: 2nd
  • Bathroom Levels Full Bathroom 7: 2nd
  • Bathroom Levels Full Bathroom 8: 1st
  • Bathroom Levels Half Bathroom 1: 1st
  • Bathroom Levels Half Bathroom 2: 1st
  • Interior Features:Paddle Fan: Yes
  • Full Basement: Yes
  • Interior Features:Wet Bar: Yes
  • Attic Features:None16: Yes
  • Basement:Unfinished: Yes
  • Unit 1 Owner Furnish Features:Maintenance Grounds2: Yes
  • Unit 1 Owner Furnish Features:Sewer3: Yes
  • Unit 1 Owner Furnish Features:Snow Removal4: Yes
  • Unit 1 Owner Furnish Features:Water4: Yes
  • Unit 2 Owner Furnish Features:Maintenance Grounds3: Yes
  • Unit 2 Owner Furnish Features:Sewer4: Yes
  • Unit 2 Owner Furnish Features:Snow Removal5: Yes
  • Unit 2 Owner Furnish Features:Water5: Yes
  • Unit 4 Owner Furnish Features:Heat6: Yes
  • Unit 4 Owner Furnish Features:Hot Water7: Yes
  • Unit 5 Owner Furnish Features:Heat7: Yes
  • Unit 5 Owner Furnish Features:Hot Water8: Yes
  • Unit 1 Owner Furnish Features:Trash2: Yes
  • Unit 2 Owner Furnish Features:Trash3: Yes
  • Unit 4 Owner Furnish Features:Sewer6: Yes
  • Unit 4 Owner Furnish Features:Snow Removal7: Yes
  • Unit 4 Owner Furnish Features:Trash5: Yes
  • Unit 4 Owner Furnish Features:Water7: Yes
  • Unit 5 Owner Furnish Features:Sewer7: Yes
  • Unit 5 Owner Furnish Features:Snow Removal8: Yes
  • Unit 5 Owner Furnish Features:Trash6: Yes
  • Unit 5 Owner Furnish Features:Water8: Yes
  • Unit 4 Owner Furnish Features:Maintenance Grounds5: Yes
  • Unit 5 Owner Furnish Features:Maintenance Grounds6: Yes
  • Unit 6 Owner Furnish Features:Maintenance Grounds9: Yes
  • Unit 6 Owner Furnish Features:Sewer10: Yes
  • Unit 6 Owner Furnish Features:Trash9: Yes
  • Unit 6 Owner Furnish Features:Water11: Yes
  • Unit 7 Owner Furnish Features:Maintenance Grounds7: Yes
  • Unit 7 Owner Furnish Features:Snow Removal9: Yes
  • Unit 8 Owner Furnish Features:Maintenance Grounds8: Yes
  • Unit 8 Owner Furnish Features:Snow Removal10: Yes
  • Unit 7 Owner Furnish Features:Sewer8: Yes
  • Unit 7 Owner Furnish Features:Water9: Yes
  • Unit 8 Owner Furnish Features:Sewer9: Yes
  • Unit 8 Owner Furnish Features:Trash8: Yes
  • Unit 8 Owner Furnish Features:Water10: Yes

Exterior Features

  • Exterior Features: Other
  • Roof: Flat, Rubber
  • Construction Type: Fiber Cement, Stucco, Wood Siding
  • Fencing: Wood, Back Yard
  • Foundation Details: Brick/Mortar
  • Patio And Porch Features: Patio
  • Waterfront: No
  • Construction Materials:Wood Siding: Yes
  • Lot Features:Corner Lot: Yes
  • Patio And Porch Features:Patio: Yes
  • Construction Materials:Stucco: Yes
  • Lot Features:Level: Yes
  • Exterior Features:Other58: Yes
  • Construction Materials:Fiber Cement: Yes
  • Window Features:Double Pane Windows2: Yes
  • Window Features:Wood Frames2: Yes

Garage/Parking

  • Parking Features: None
  • Attached Garage: No
  • Open Parking: No
  • Property Detail:Parking YN: No
  • Parking Features:None11: Yes

Utilities

  • Utilities: Cable Available
  • Sewer: Public Sewer
  • Cooling: None
  • Electric: 100 Amp Service, 200+ Amp Service
  • Heating: Baseboard, Hot Water, Zoned, Natural Gas
  • Security: Carbon Monoxide Detector(s)
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Baseboard: Yes
  • Heating:Hot Water: Yes
  • Heating:Zoned: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Fee Information

  • Annual Water Sewer Expense: 2200.0

Schools

  • Junior High Dist: Albany

Lot Info

  • Land Lease: No
  • Lot Features: Level, Corner Lot
  • Parcel #: 76.32-5-3
  • Lot Size Sq Ft: 3049.2

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Insurance Expense: 7272.0
  • Number Of Units Total: 9

Tax Info

  • Tax Annual Amount: 16571.0
  • Tax Block: 5
  • Tax Lot: 3

MLS Schools

  • Elementary School: Thomas S. O'Brien Academy
  • HighSchool: Albany

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,621 $174,000 $34,800 $139,200
2023 $3,136 $75,000 $15,000 $60,000
2022 $3,170 $75,000 $15,000 $60,000
2021 $3,163 $75,000 $15,000 $60,000
2020 $2,846 $75,000 $15,000 $60,000
2019 $2,953 $75,000 $15,000 $60,000
2018 $2,852 $75,000 $15,000 $60,000
2017 $1,089 $75,000 $15,000 $60,000
2016 $2,766 $75,000 $15,000 $60,000
2015 $2,708 $73,800 $14,800 $59,000
2014 -- $73,800 $14,800 $59,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2025 11/04/25 For Sale $2,800,000 -- $280 / Sq Ft
Source: Global MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $66,500 --
Warranty Deed $66,500 None Available
Warranty Deed $66,500 Thomas Gabriels
Deed -- --
Warranty Deed -- --
Source: Public Records

Source: Global MLS

MLS Number: 202528997

Global MLS

APN: 010100-076-032-0005-004-000-0000

New York Albany County Albany 12202 Hudson Park

162 Jefferson St, Albany, NY

For Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Global MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.



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