# 165 Madison Avenue, Albany, NY 12202

> **TL;DR:** 0bd/3ba commercial, $625,000 ($191/sqft), built 1890, 3,272 sqft.
> A/C. Est. $3,342/mo. Listed 46 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $625,000 |
| Price/sqft | $191 |
| 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 | Active |
| Days on Market | 46 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $3,160 |
| Estimated Insurance | $182 |
| **Total** | **$3,342** |

## 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 · **License:** 10401290174
- **Brokerage:** Howard Hanna Real Estate Services
- **Broker Phone:** (518) 348-7100

## Photos

![165 Madison Avenue - Photo 1](http://lh.rdcpix.com/d2ef50d7e06d9d9d712ef07c1f2f9b45l-f1324677693r.jpg)

![165 Madison Avenue - Photo 2](http://lh.rdcpix.com/d2ef50d7e06d9d9d712ef07c1f2f9b45l-f3999668052r.jpg)

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![165 Madison Avenue - Photo 31](http://lh.rdcpix.com/d2ef50d7e06d9d9d712ef07c1f2f9b45l-f1231760166r.jpg)

![165 Madison Avenue - Photo 32](http://lh.rdcpix.com/d2ef50d7e06d9d9d712ef07c1f2f9b45l-f3457206162r.jpg)

![165 Madison Avenue - Photo 33](http://lh.rdcpix.com/d2ef50d7e06d9d9d712ef07c1f2f9b45l-f4104996616r.jpg)

![165 Madison Avenue - Photo 34](http://lh.rdcpix.com/d2ef50d7e06d9d9d712ef07c1f2f9b45l-f2971823387r.jpg)

![165 Madison Avenue - Photo 35](http://lh.rdcpix.com/d2ef50d7e06d9d9d712ef07c1f2f9b45l-f778613812r.jpg)

![165 Madison Avenue - Photo 36](http://lh.rdcpix.com/d2ef50d7e06d9d9d712ef07c1f2f9b45l-f261171531r.jpg)

![165 Madison Avenue - Photo 37](http://lh.rdcpix.com/d2ef50d7e06d9d9d712ef07c1f2f9b45l-f911636176r.jpg)

![165 Madison Avenue - Photo 38](http://lh.rdcpix.com/d2ef50d7e06d9d9d712ef07c1f2f9b45l-f220501999r.jpg)

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![165 Madison Avenue - Photo 40](http://lh.rdcpix.com/d2ef50d7e06d9d9d712ef07c1f2f9b45l-f3551765747r.jpg)

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![165 Madison Avenue - Photo 42](http://lh.rdcpix.com/d2ef50d7e06d9d9d712ef07c1f2f9b45l-f1649861953r.jpg)

![165 Madison Avenue - Photo 43](http://lh.rdcpix.com/d2ef50d7e06d9d9d712ef07c1f2f9b45l-f1736940688r.jpg)

![165 Madison Avenue - Photo 44](http://lh.rdcpix.com/d2ef50d7e06d9d9d712ef07c1f2f9b45l-f2165958715r.jpg)

![165 Madison Avenue - Photo 45](http://lh.rdcpix.com/d2ef50d7e06d9d9d712ef07c1f2f9b45l-f1199681379r.jpg)

![165 Madison Avenue - Photo 46](http://lh.rdcpix.com/d2ef50d7e06d9d9d712ef07c1f2f9b45l-f282570489r.jpg)

![165 Madison Avenue - Photo 47](http://lh.rdcpix.com/d2ef50d7e06d9d9d712ef07c1f2f9b45l-f3682232767r.jpg)

![165 Madison Avenue - Photo 48](http://lh.rdcpix.com/d2ef50d7e06d9d9d712ef07c1f2f9b45l-f1499927122r.jpg)

![165 Madison Avenue - Photo 49](http://lh.rdcpix.com/d2ef50d7e06d9d9d712ef07c1f2f9b45l-f2502237530r.jpg)

![165 Madison Avenue - Photo 50](http://lh.rdcpix.com/d2ef50d7e06d9d9d712ef07c1f2f9b45l-f4004193281r.jpg)

![165 Madison Avenue - Photo 51](http://lh.rdcpix.com/d2ef50d7e06d9d9d712ef07c1f2f9b45l-f742703480r.jpg)

![165 Madison Avenue - Photo 52](http://lh.rdcpix.com/d2ef50d7e06d9d9d712ef07c1f2f9b45l-f3911798871r.jpg)

![165 Madison Avenue - Photo 53](http://lh.rdcpix.com/d2ef50d7e06d9d9d712ef07c1f2f9b45l-f395678282r.jpg)

![165 Madison Avenue - Photo 54](http://lh.rdcpix.com/d2ef50d7e06d9d9d712ef07c1f2f9b45l-f1266936892r.jpg)

![165 Madison Avenue - Photo 55](http://lh.rdcpix.com/d2ef50d7e06d9d9d712ef07c1f2f9b45l-f116593573r.jpg)

![165 Madison Avenue - Photo 56](http://lh.rdcpix.com/d2ef50d7e06d9d9d712ef07c1f2f9b45l-f1955963210r.jpg)

---

**MLS#:** 202626017 | **Updated:** 2026-10-20
**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://staging.propertysimple.ai/listing/165-madison-avenue-albany-ny-12202-72450aa4170e4960a2fc4dd77d084c9c)

---

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