The Palais Royale and 8 Apartments FOR SALE


Albany, NY - Capitol Hill
$2,650,000 USD
518-857-1505
, Albany, NY for Sale
$2,650,000 USD
FOR SALE
1/33
null | 13.33% Cap Rate

The Palais Royale and 8 Apartments
Albany, NY
Capitol Hill


HIGHLIGHTS

  • The Palais Royale Bar & Grill
  • 4 Buildings / 8 Apartments / 1 Bar
  • ATM, Dartboard, Pool Table & all FFE included

OVERVIEW

162-168 Jefferson St is 4 adjoining buildings. 8 apartments and 'The Palais Royale'. Included are the bar, liquor license and all FFE. A POS system, ATM, Dartboard, Pool Table, etc. 162 Jefferson St (2 units/4BR total) 164 Jefferson St is the FAMOUS Palais Royale Bar and 1 BR apartment upstairs. 166 Jefferson St (2 units/2BR total) 168 Jefferson St (3 units) has 2 apartments upstairs (3BR total) and a 1,860 ft unit commercial space on the first floor which is currently the owners unit. This large unit features hardwoods, private bar and high ceilings. Pro forma available upon request.ROPS's current on every unit. Each of the 8 apartments could be rented for $1,000. When fully rented the income from both apartments and the bar is a 13.33 cap rate

ASK ABOUT THIS PROPERTY

John DiBlasiDiBlasi Real EstateMore Info
518-857-1505

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John DiBlasiDiBlasi Real EstateMore Info
518-857-1505

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.