Rachel Mastrianni
Realty One Group Key
(518) 351-6814
30 Total Sales
1 in Downtown Schenectady
$400,000 Price
508 State St Schenectady, NY 12305
Downtown Schenectady Neighborhood
1
Bed
--
Bath
600
Sq Ft
0.38
Acre 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.
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Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 20, 2015
Sold by
Bought by
Purchase Details
Closed on
Apr 1, 2010
Sold by
Bought by
Purchase Details
Closed on
Sep 17, 1998
Sold by
Bought by
Purchase Details
Closed on
Aug 5, 1997
Sold by
Bought by
Purchase Details
Closed on
Sep 29, 1993
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Schenectady, NY
-
Rachel Mastrianni
-
Imran Abdul Qayoom
Imran Abdul Qayoom
Jandali Realty
(518) 608-2574
50 Total Sales
1 in Downtown Schenectady
$450,000 Price
-
Jennifer Mentiply
Jennifer Mentiply
Renovo Real Estate LLC
(518) 868-6681
146 Total Sales
3 in Downtown Schenectady
$185K - $1.2M Price Range
-
Christine Frith
Christine Frith
Coldwell Banker Prime Properties
(518) 375-1596
239 Total Sales
1 in Downtown Schenectady
$285,000 Price
-
Jamie Mazuryk
Jamie Mazuryk
Venture Fox Realty Group LLC
(518) 672-6479
332 Total Sales
1 in Downtown Schenectady
$360,000 Price
-
Jenn Baniak-Hollands
Jenn Baniak-Hollands
Keller Williams Capital Dist
(518) 767-7408
358 Total Sales
1 in Downtown Schenectady
$205,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $475,000 | None Available | ||
| $475,000 | Frank O'connor | ||
| $250,000 | None Available | ||
| $147,000 | -- | ||
| $200,000 | -- | ||
| $400,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | -- |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $4,028 | $4,062,000 | $57,900 | $4,004,100 |
| 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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