About This Home

This 0-bedroom, 3-bathroom commercial at 165 Madison Avenue in Albany, NY is listed for $625,000 ($191 per sqft). Built in 1890, the home offers 3,272 sqft of living space on a 0.10 acres lot.

Key Features

  • Built in 1890
  • 0.10 acre lot
  • 2 stories
  • 6 parking spaces

Property Details

2 stories
3 full
6 spaces
1890

Amenities

A/C
Listing Description

Prime mixed-use investment opportunity in the heart of Downtown Albany! Located at 165 Madison Avenue, Albany, NY, just steps from the New York State Capitol and minutes from MVP Arena, this beautifully renovated 3,272 sq ft brick building offers exceptional visibility and long-term income potential in one of the city's most rapidly revitalizing corridors.

Fully renovated in 2022 with high-end finishes, this two-story mixed-use property features a turn-key restaurant space on the first floor with approximately 2,022 sq ft of retail/dining area, complete with a full commercial kitchen, 6-burner stove, commercial exhaust hood, dedicated employee and customer restrooms, dining area with entertainment stage, and both front and rear entrances.

Ideal for owner-operators or investors seeking a ready-to-run restaurant, tavern, cafe, or retail concept. The second floor includes a turn-key 2-bedroom apartment with strong rental potential, estimated at $2,000/month, providing additional income and flexibility for owner occupancy or leasing.Situated in a high-demand downtown corridor near the C

apitol district, with major revitalization projects underway in surrounding buildings, this property offers both immediate usability and strong future appreciation potential. Perfect for owner-users, restaurateurs, or mixed-use investors seeking a strategic Albany location with built-in income and strong growth prospects. Financials available with signed NDA. Showings by appointment only with 24-hour notice. Qualified buyers and proof of funds required.

Monthly Cost Estimate

$3,343/mo

20% down · 6.5% · 30 years

Principal$452
Interest$2,708
Insurance$182

Estimates only. Actual payments may vary.

Location

165 Madison Avenue

Albany, NY 12202

Property Details

Flooring

TileConcrete

Construction

Brick Wood Siding

Parking

Off Street

Heating

Forced AirNatural Gas

Cooling

Central AirWindow Unit(s)

Questions & Answers

This 0-bedroom, 3-bathroom commercial at 165 Madison Avenue is listed at $625,000 ($191/sqft). The estimated monthly payment is $3,342 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1890, 0.10 acre lot, 2 stories, 6 parking spaces.

This property is listed by Joseph P Cardinale.

JC

Joseph P Cardinale

License 10401290174

Agent at Howard Hanna Real Estate Services

Listed by Howard Hanna Real Estate Services · Broker phone: (518) 348-7100 · Broker website

MLS# 202626017· Source: Global MLS, Inc.· 47 days on PropertySimple

Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

165 Madison Avenue, Albany, NY 12202

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