ALBANY, N.Y. -- Since 1728, the building at 48 Hudson Avenue has been part of the Albany community. The features inside date back to the early days of Dutch settlement in the area. 

"It is one of the most rarest urban Dutch buildings in the United States," said Historic Albany Foundation Executive Director Susan Holland.

Nearly 300 years later, the building still stands strong despite facing much adversity over the years. That includes the demolition of its neighboring building, 50 Hudson Avenue, in August 2016.

On Tuesday, the Historic Albany Foundation got some help trying to keep it alive. The foundation received a $200,000 loan from the Preservation League of New York State. The money will go toward stabilizing the building.

"As a statewide organization, we want to look at those properties that are in danger and have statewide significance, and this one truly does," said Preservation League of NYS President Jay DiLorenzo.

The money will also help pay for the ongoing archeological dig happening inside 48 Hudson. Architecture designs are being developed at the moment, with the goal of having construction begin this spring.