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162-170 Jefferson Street, 
Albany, NY 12210

$2,300,000


3

Beds


11

Baths


10,000

Sq Ft


Multi-Family

Active

Listed by

John S Diblasi

Melissa Diblasi

Diblasi Real Estate

1 518-857-1505

Last updated:

July 28, 2026, 01:14 PM

MLS#

202622723

Source:

Global MLS

About This Home

162-170 Jefferson Street

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 bar, liquor license & 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) + standout 1,860 SF ground-floor commercial space (currently owner's residence) featuring hardwoods, 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. Steps from state government offices and the NYS Museum. Don't miss this rare downtown Albany assemblage that includes a beloved piece of Albany history included.

Home Facts

Multi-Family

11 Baths

3 Bedrooms

Built in 1880

Price Summary

2,300,000

$230 per Sq. Ft.

MLS #:

202622723

Last Updated:

July 28, 2026, 01:14 PM

Added:

2 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

11

Full Bathrooms:

8

Interior

Living Area:

10,000 Sq. Ft.


Structure

Structure

Architectural Style:

Apartment 4 Plus Unit

Building Area:

10,000 Sq. Ft.

Year Built:

1880


Lot

Lot Size (Sq. Ft):

1,742


Finances & Disclosures

Finances

Price:

$2,300,000

Price per Sq. Ft:

$230 per Sq. Ft.

Source:Global MLS
The information being provided by Global MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified.  © 2026 Global MLS All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.