This piece exemplifies Jadassohn's refined contrapuntal training translated into the idiom of a short character piece. It is marked by graceful phrasing and precise musical architecture.
The difficulty lies in balancing the inner voices against the primary melody.
Comparable difficulty and character — good candidates for what to learn next.
Albumblatt (Op.7) is rated Henle level 4 of 9 — intermediate repertoire, roughly ABRSM grades 5–6. In the RCM system it corresponds to about level 5.
You should be comfortable at Henle level 4 — meaning you can already play level 3–4 pieces cleanly. Learning it one level early is possible as a stretch piece, but more than that usually leads to months of frustration.
A typical performance of Albumblatt (Op.7) lasts about 3 minutes.
Albumblatt (Op.7) is available as free public-domain sheet music on IMSLP — the score is linked directly from this page.
Pieces at a comparable difficulty and character include Albumblatt in E-flat major by Salomon Jadassohn, Albumblatt by Salomon Jadassohn, Berceuse by Georges Delbruck — see the full similar-pieces list on this page.