The Palais Royale and 8 Apartments
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The Palais Royale and 8 Apartments
4 Properties Offered at $2,925,000 in Albany, NY
INVESTMENT HIGHLIGHTS
- The Palais Royale Bar & Grill
- ATM, Dartboard, Pool Table & all FFE included
- 4 Buildings / 8 Apartments / 1 Bar
EXECUTIVE SUMMARY
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 12.6 cap rate, on the pro-forma.
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 12.6 cap rate, on the pro-forma.
TAXES & OPERATING EXPENSES (PRO FORMA - 2024) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $2,925,000 | Number of Properties | 4 |
| Price / SF | $355.97 / SF | Individually For Sale | 0 |
| Cap Rate | 12.08% | Total Building Size | 8,217 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.13 AC |
| Status | Active |
| Price | $2,925,000 |
| Price / SF | $355.97 / SF |
| Cap Rate | 12.08% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 8,217 SF |
| Total Land Area | 0.13 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 164 Jefferson St, Albany, NY 12210 | Retail | 1,437 SF | 1880 | - |
| 162 Jefferson St, Albany, NY 12210 | Multifamily | 1,260 SF | 1880 | - |
| 166 Jefferson St, Albany, NY 12210 | Multifamily | 1,800 SF | 1880 | - |
| 168 Jefferson St, Albany, NY 12210 | Multifamily | 3,720 SF | 1880 | - |
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The Palais Royale and 8 Apartments
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