Downtown Schenectady building sold, will be renovated
Updated: Jul 1, 2021
An empty office building in downtown Schenectady was purchased by Chris Spraragen, president of Schenectady Hardware and Electric, and his sister, Brooke.
The 17,000-square-foot building at 430 Franklin St. will be renovated and called "The Benjamin" in honor of their great-grandfather, Benjamin Spraragen. He attended Union College and founded Schenectady Hardware and Electric in 1923.
The Schenectady County Metroplex Development Authority announced the sale Monday, saying it's one of the largest vacant buildings downtown that hasn't been renovated. The building is across from City Hall, at the corner of the Jay Street pedestrian mall.
The Sparagens bought the property for $565,000 from a private investor who lived outside New York.
Read more at: here