508 State St Schenectady, NY 12305
Downtown Schenectady NeighborhoodAbout This Home
The Foster Building, built in 1907, was originally a fashionable hotel that catered to high profile guests that visited the City as General Electric flourished. Just two doors down, the Schenectady Railway Building was the bustling hub of an elevated trolley system that operated from 1913 through the 1930's. These and two connecting buildings make up the four buildings of the Foster Complex.
After years of neglect and many layers of ill fated urban renewal, the buildings had fallen into disrepair, and we almost completely vacant other than a family of pigeons.
After a $4 million investment from Sequence Development, and partners at Metroplex, Capital Bank, National Grid and the National Park Service and State Historic Preservation Office's Historic Tax Credit Program, the buildings have been completely re-imagined into 21 apartments, 2 restaurants, a make-up studio, spa and 6000 sq ft of dramatic office space. The Facade of the Railway Building was completely removed, replaced with a modern interpretation of the original glass arched three story window the building once proudly wore. The Hotel Foster Building got a careful and intricate restoration of its delicate terra cotta facade, festooned with flowers and fruits.
Each apartment at The Foster has been carefully thought out and designed with an artistic aesthetic marrying the buildings' unique historic details with modern finishes and fixtures. Choose from one, two and three bedrooms, with views of bustling State Street, the mountains, and iconic GE sign. Each apartment has hardwood flooring or restored terrazzo floors, stainless steel appliances, washers and dryers, ample closet space, subway and penny tile, soaking tubs and video intercom system.
Ownership History
Purchase Details
Purchase Details
Purchase Details
Purchase Details
Purchase Details
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hotel Foster Llc | $475,000 | Frank O'Connor | |
| Hotel Foster Llc | $475,000 | None Available | |
| Schenectady Metroplex Development Author | $250,000 | None Available | |
| Providian Arms Llc | $147,000 | -- | |
| Evergreen Bank Na | $200,000 | -- | |
| 508 State St Inc | $400,000 | -- |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/13/2025 06/13/25 | Off Market | $1,175 | -- | -- |
| 02/05/2025 02/05/25 | Price Changed | $1,175 | +13.5% | $2 / Sq Ft |
| 08/20/2024 08/20/24 | Price Changed | $1,035 | -40.9% | $2 / Sq Ft |
| 08/16/2024 08/16/24 | Price Changed | $1,750 | +32.1% | $3 / Sq Ft |
| 08/15/2024 08/15/24 | Price Changed | $1,325 | -24.3% | $2 / Sq Ft |
| 07/24/2024 07/24/24 | Price Changed | $1,750 | +32.1% | $3 / Sq Ft |
| 06/03/2024 06/03/24 | Price Changed | $1,325 | -16.4% | $2 / Sq Ft |
| 05/14/2024 05/14/24 | Price Changed | $1,585 | +19.6% | $3 / Sq Ft |
| 04/02/2024 04/02/24 | Price Changed | $1,325 | -16.4% | $2 / Sq Ft |
| 03/09/2024 03/09/24 | Price Changed | $1,585 | +34.9% | $3 / Sq Ft |
| 03/01/2024 03/01/24 | For Rent | $1,175 | -- | -- |
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,028 | $4,062,000 | $57,900 | $4,004,100 |
| 2023 | $47 | $4,062,000 | $57,900 | $4,004,100 |
| 2022 | $4,435 | $4,062,000 | $57,900 | $4,004,100 |
| 2021 | $0 | $4,062,000 | $57,900 | $4,004,100 |
| 2020 | $2,769 | $3,727,000 | $35,400 | $3,691,600 |
| 2019 | $2,769 | $3,727,000 | $35,400 | $3,691,600 |
| 2018 | $0 | $3,727,000 | $35,400 | $3,691,600 |
| 2017 | $0 | $1,500,000 | $35,400 | $1,464,600 |
| 2016 | $0 | $1,500,000 | $35,400 | $1,464,600 |
| 2015 | -- | $475,000 | $35,400 | $439,600 |
| 2014 | -- | $475,000 | $35,400 | $439,600 |
Map
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Ask me questions while you tour the home.