NOT LISTED FOR SALE
1 Bed
-- Bath
600 Sq Ft
16,553 Sq Ft Lot

About 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

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 20, 2015
Sold by
Schenectady Metroplex Dev
Bought by
Hotel Foster Llc

Purchase Details

Closed on
Apr 1, 2010
Sold by
Providian Arms Llc
Bought by
Schenectady Metroplex Development Author

Purchase Details

Closed on
Sep 17, 1998
Sold by
Evergreen Bank N A
Bought by
Providian Arms Llc

Purchase Details

Closed on
Aug 5, 1997
Sold by
Coan Robert P
Bought by
Evergreen Bank Na

Purchase Details

Closed on
Sep 29, 1993
Sold by
First Nat Bank
Bought by
508 State St Inc
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 --
Source: Public Records

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
Source: Public Records

Map

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