The Daily Gazette
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Houses for sale

Schenectady land bank makes first home sale

Owner-occupant was sought for two-family house

Land Bank house located at 1006 Strong St.
Photographer: Marc Schultz
Land Bank house located at 1006 Strong St.
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Schenectady’s land bank has sold its first property. The organization, officially known as the Land Reutilization Corporation of the Capital Region, sold the home at 1006 Strong St. for $5,000. The new owners plan to occupy the residence once it is renovated. The property, which had been in foreclosure, was given to the land bank by Deutsche Bank National Trust Company last July. The bank also provided $15,000 to offset carrying costs. “We reviewed it ...

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