# 427 S Pearl Street, Albany, NY 12202

> **TL;DR:** 0bd/4ba commercial, $329,000 ($57/sqft), built 1880, 5,760 sqft.
> A/C. Est. $1,426/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $329,000 |
| Price/sqft | $57 |
| Bathrooms | 4 full |
| Square Feet | 5,760 |
| Year Built | 1880 |
| Lot Size | 1,742 sqft (0.04 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 1 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,426 |
| **Total** | **$1,426** |

## Nearby Schools

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

## Key Amenities

- A/C

## Property Highlights

- Built in 1880
- 0.04 acre lot

## Description

### Agent Description
Opportunity meets character at 427 S Pearl St, a fully remodeled mixed-use building featuring one of Albany's last historic bar spaces paired with two income-producing apartments. The commercial space offers a fully renovated bar/lounge, complete with a stunning custom bar, dining area, kitchen, office, and one ADA-compliant bathroom and one standard bathroom, along with a mop/broom closet. With USB-integrated outlets, updated systems, and a brand-new high-efficiency gas heater (2025), this space is turnkey and ready for its next concept. Currently generating $1,500/month with upside to ~$2,000/month upon liquor license approval. Upstairs, two spacious 2-bedroom apartments feature updated layouts, large bathrooms, and strong rental history; both currently occupied (month-to-month) at $1,300 and $1,400/month. Major improvements include new roof (2018), full electrical service update (2023), new sewer line to street (2024), updated plumbing with PEX throughout, and newer hot water tanks--offering peace of mind for years to come. Tenants pay utilities, keeping operating expenses low and returns strong. Whether you're an investor seeking cash flow or an owner-user looking to operate a business while collecting residential income- this is a rare find in the City of Albany! Current Income: Bar: $1,500/mo = $18,000/year Apts: $2,700/mo = $32,400/year Total Gross = $50,400/year Expenses: Taxes: $9,963 Insurance: $2,568 Water/Sewer: ~$675 Total Expenses $13,206 NOI (Net Operating Income): $50,400 - $13,206 = $37,194 CAP Rate (Current): *11.3%* 11%+ cap rate, built-in income, and serious upside...this is the deal investors wait for!!!!

## Location

- **Address:** 427 S Pearl Street, Albany, NY 12202
- **County:** Albany
- **Coordinates:** 42.637926, -73.759414
- **Google Maps:** https://www.google.com/maps?q=42.637926,-73.759414

## Listing Agent

- **Name:** Victoria McLaughlin
- **Brokerage:** Howard Hanna Capital Inc
- **Phone:** 5184297484
- **Email:** victoriamclaughlin@howardhanna.com

## Primary Photo

![427 S Pearl Street - Primary Photo](http://lh.rdcpix.com/918bead9728c70e6f730109cf0dee114l-f4252840859r.jpg)

*52 total photos available on [listing page](https://www.propertysimple.com/listing/427-s-pearl-street-albany-ny-12202-02615449)*

---

**MLS#:** 202615449 | **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/427-s-pearl-street-albany-ny-12202-02615449)

---

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