508 State Street, Schenectady, NY 12305

Seward Place, Schenectady
Building in Seward Place
6 Stories
Built in 2005
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Welcome to 508 State Street, a building located in Seward Place, Schenectady in Schenectady, NY. As a quick overview, these are the most up-to-date information we've collected about the property. The building itself was built in 2005. This is a relatively tall building with a total of 6 floors. Finally, 508 State Street was most recently sold on Apr 20, 2015 for $475,000. The market value for the land that the building sits on has been listed at $73,291. In addition, improvements upon the building have an added value of $5,068,481. In total, the total market value of the property as a whole is $5,141,772. According to local assessors, the total value of the building is currently valued at $4,062,000. Specifically, the value of the land that the property sits on has been assessed at $57,900. The building was last assessed in 2023. There is another building on the same land that 508 State Street was built on.

Here's what we know about the features and amenities in this building. While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead. We are not sure what system the building uses for cooling. Sadly, informaton related to the heating system was not disclosed. There is no porch or patio on the premise of the property. For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool. The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Facts
General
Year Built
2005
Effective Year Built
2005
Building Count
2
Bedroom Count
0
Building Condition
Good
Building Quality
C
Construction Type
unknown
Building Style
unknown
Exterior Walls Type
unknown
Interior Walls Type
unknown
Roof Shape Type
unknown
Roof Cover Type
unknown
Floor Count
6
Business/Commerical Units Count
28
Floor Cover
unknown
Basement Type
Unfinished basement
Basement Area
3,642
Garage Type
unknown
Parking Space Count
0
Patio Type
unknown
Porch Type
unknown
Pool Type
unknown
Unit Count
Building Floor Area
Floor Area Ratios
Building
Building Type
unknown
Property Class
Commercial
Land Acres
0.38
Standard Land Use Code
Commercial/office/residential (mixed use)
County Land Use Code
unknown
Ownership
Current Owner
HOTEL FOSTER LLC
Current Owner's Name
HOTEL FOSTER LLC
Previous Owner
SCHENECTADY METROPLEX DEV
Previous Owner's Name
HOTEL FOSTER LLC
Owner Address - City
SCHENECTADY
Owner Address - State
NY
Owner Address - ZIP Code
12305
Owner Before Previous Owner
SCHENECTADY METROPLEX DEVELOPMENT AUTHOR
Ownership Rights Codes
Company/Corporation
Current Owner Is a Corporation Indicator
Yes
Neighborhood
School District Name
Schenectady City School District
School Tax School District
SCHENECTADY
Census Tract
021001
Census Block Code
1015
Census Group
1
Census Year
2018
Census - Combined Statistical Area - Area Code
104
Census - Combined Statistical Area - Area Name
Albany-Schenectady, NY
Census - County FIPS
36093
Census - Full FIPS
360930210011015
Census - Metro Micro Statistical Area - Area Code
10580
Census - Metro Micro Statistical Area - Area Name
Albany-Schenectady-Troy, NY
Census - Metro Micro Statistical Area - Area Type
metropolitan
Census - Place FIPS
3665508
Census Source
US Census Bureau
Census State FIPS
36
Census Tract Code
021001
School District - Unified - Grade High
12
School District - Unified - Grade Low
PK
School District - Unified - LEA Code
3626010
School District - Unified - Name
Schenectady City School District
Zoning
Zoning
05 - COMME
Geography
District
421500
Section
39.80
Parcel
421500 39.80-2-19.11
Block
2
Lot
19.011
Lot Code
unknown
Municipality
SCHENECTADY
Latitude
42.8114
Longitude
-73.9403
FIPS
36093
Mailing Carrier Code
C005
Mailing Full Street Address
204 LAFAYETTE ST STE 2
Mailing House Number
204
Mailing Street Mode
ST
Mailing Street
LAFAYETTE
Mailing Unit Number
2
Mailing Unit Type
STE
Mailing 4-Digit Zip Code
2416
Geo Status Code
Prior to setting the GEOsource field the default value was 'P'.
Valuation
Timestamp
2024-02-21 19:23:36
UCID Flag
C
More About The Building
In total, the building area is listed as 49,902 square feet. The depth of the property lot was measured at 1,331 square feet and the front at 1,222 square feet. The building itself has 49,902 square footage of total floor area. Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition. The building class code for 508 State Street is unknown but given the importance of this information, we will work to update this data as soon as possible.

Interested in learning more about the neighborhood that the property is located in? Buildings in the Seward Place area have a median price of $1,750. Those in the 25th percentile, have a price around $1,750. While those in the 75th percentile, have a price around $1,750. Typically, the buildings in this area have a median sqft of 1,544. That means that the median price per sqft is around $1. In other words, the price per sqft for buildings in the 25th percentile is $1. While the price per sqft for buildings in the 75th percentile is $1. As a breakdown, we've included the following stats:

  • There are currently no studio listings being advertised in the area.
  • There are currently no one bedroom listings being advertised in the area.
  • There are currently no two bedroom listings being advertised in the area.
  • There is currently a single advertised three bedroom listing.
  • There are currently no four bedroom listings being advertised in the area.
About The Area
508 State Street is located in 12305. There are 4,883 people living here. There are 2,214 households. Most of these households have an average family size of 3.45 people. According to the census, 80% are currently renting while 20% own their homes. The median age of this population is around 38.7 years old. On average, most folks in the zipcode are unmarried. About 10% of folks speak a language other than English in this area. The area's employment rate is currently around 46.6%. Speaking of employment, the median income is $29,643. Most folks will commute by car for around 22.6 minutes. Finally, we know that 30% of residents in the area have graduated with their high school degree. Additionally, 11% and 13% have their Bachelor's and Master's degree, respectfully.

Moving on to the county level. Schenectady County, New York has a population of 154,845 people. Based on census records, there are 55,027 registered households. Families in this area are on average made up of 3.61 people per household. Most folks are unmarried. They are also typically around 39.9 years old. Does diversity matter to you? Right now, 11% of folks speak a language other than English here. About 33% rent while 67% purchased their homes. Right now, the community is made up of 30% of residents who have graduated with at least a high school degree. On top of that, 17% have a Bachelor's degree and 14% have a Master's degree. The employment rate is currently around 59.2%. Those employed, have a median income of $59,959. If you move here, you can expect to commute mostly by car for around 23.3 minutes.

Finally, let's take a look at the stats related to Albany - Schenectady, NY Urban Area. The urban area is home to 599,168 people. A total of 236,022 households are registered here. With average family sizes being listed at 3.2 people. About 26% of residents have graduated with a high school degree. Of the rest, 20% have their Bachelor's and 17% have their Master's degree. Folks speaking a language other than English, make up about 11% of the population. Speaking of your commute, 60.8% of people in this area are employed. The recorded median income is currently at $61,088 per year. The median population age has been listed at 38.3 years old. Interestingly enough, unmarried people make up the majority of the population. Last but not least, renters make up about 41% of the population while homeowners are at about 59% of the population.
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Studio Median Rent
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1BR Median Rent
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2BR Median Rent
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3BR Median Rent
PUBLIC TRANSIT
351
353
354
370
602
604 State St (Under 500 ft - 3 min walk)
CDTA
351
353
354
355
370
602
State St & Clinton St (Under 500 ft - 3 min walk)
CDTA
351
353
354
355
370
602
761
905
Veeder/Nott Terrace Station - State St & Nott Terr (540 ft - 3 min walk)
CDTA
355
761
763
905
Veeder/Nott Terrace Station-State St & Veeder Ave (570 ft - 3 min walk)
CDTA
351
354
370
Nott Terr & State St (750 ft - 3 min walk)
CDTA

Nearby Schools

(within attendance boundary)
2310 Guilderland Ave, Schenectady, NY 12306
Public  •  Elementary  •  Grades PK to 5
Schenectady City School District
MONT PLEASANT MIDDLE SCHOOL  •  0.99 mi
1121 Forest Rd, Schenectady, NY 12303
Public  •  Middle School  •  Grades 6 to 8
Schenectady City School District
SCHENECTADY HIGH SCHOOL  •  1.53 mi
1445 The Plaza, Schenectady, NY 12308
Public  •  High School  •  Grades 9 to 12
Schenectady City School District
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
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