# 165 Madison Avenue, Albany, NY 12202

> **TL;DR:** 0bd/3ba commercial, $575,000 ($176/sqft), built 1890, 3,272 sqft.
> A/C. Est. $2,492/mo. Listed 30 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $575,000 |
| Price/sqft | $176 |
| Bathrooms | 3 full |
| Square Feet | 3,272 |
| Year Built | 1890 |
| Lot Size | 4,356 sqft (0.10 acres) |
| Stories | 2 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 30 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,492 |
| **Total** | **$2,492** |

## Nearby Schools

- **Elementary:** Giffen Memorial
- **High:** Albany

## Key Amenities

- A/C

## Property Highlights

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

## Description

### Agent 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 Capitol 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.

## Location

- **Address:** 165 Madison Avenue, Albany, NY 12202
- **County:** Albany
- **Coordinates:** 42.646789, -73.757212
- **Google Maps:** https://www.google.com/maps?q=42.646789,-73.757212

## Listing Agent

- **Name:** Joseph P Cardinale
- **Brokerage:** Howard Hanna Capital Inc
- **Phone:** 5187552064
- **Email:** josephcardinale@howardhanna.com

## Primary Photo

![165 Madison Avenue - Primary Photo](http://lh.rdcpix.com/db3238da35556e2bcf5de3b3dfacd925l-f1324677693r.jpg)

*56 total photos available on [listing page](https://www.propertysimple.com/listing/165-madison-avenue-albany-ny-12202-02613128)*

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**MLS#:** 202613128 | **Updated:** 2026-04-24
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/165-madison-avenue-albany-ny-12202-02613128)

---

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