What New Residential Developments and Construction Projects Are Happening in Yonkers This Year

Yonkers is in the middle of a prolonged building cycle. As of September 2026, the city has well over 150 active or recently completed residential development projects at various stages, ranging from large mixed-use towers along the Hudson waterfront to smaller multifamily infill buildings scattered through older residential corridors. Tracking resources like New York YIMBY's Yonkers development updates show a steady pipeline of permit filings, construction starts, and topping-off announcements throughout 2026.

How Much Is Actually Being Built

The numbers are significant for a city of Yonkers's size. Thousands of residential units are in some phase of planning, permitting, or active construction across the city in 2026. The projects span a wide range: market-rate rentals, condominiums, affordable income-restricted apartments, and mixed-income buildings that combine both. The concentration of activity is heaviest along the waterfront and in the downtown core, but construction is also visible in neighborhoods further inland, including sections of Nodine Hill and along South Broadway.

Why Yonkers Attracted This Level of Investment

Several forces converged to make Yonkers one of the most active development markets in the New York metro area. Land costs are substantially lower than in New York City, but the city sits directly on the Hudson River with Metro-North service that puts Midtown Manhattan within roughly 35 to 40 minutes from Yonkers station. That commute profile, combined with a large stock of underutilized industrial and commercial land near the waterfront, made the city attractive to developers who could not pencil out projects in the Bronx or Manhattan. The city has also been proactive about rezoning, tax incentives through its Industrial Development Agency, and public-private partnerships that reduce the cost of affordable unit construction.

If you want to understand how the Metro-North connection factors into Yonkers's appeal for residents considering these new buildings, the detailed commute breakdown is covered in this guide to the Yonkers to Midtown Manhattan Metro-North commute in 2026.

2. Major New Residential Developments Happening in Yonkers This Year

The new residential developments happening in Yonkers this year span several distinct project types. Understanding the categories helps buyers and sellers interpret what the construction activity actually means for the local housing market.

Waterfront and Downtown Projects

The Yonkers waterfront along the Hudson River has been the centerpiece of the city's redevelopment story for over a decade, and construction activity there remains strong in 2026. The stretch running from the Yonkers train station south toward the Greystone area includes multiple large residential towers, many of which are mixed-use buildings with ground-floor retail or community space beneath market-rate and income-restricted apartments. Several of these projects top 200 units, with some exceeding 300 units in a single building.

The downtown Getty Square area is also seeing construction and renovation activity. Buildings in this corridor tend to be smaller than the waterfront towers, often in the 50 to 150 unit range, and frequently include ground-floor commercial space. Several projects in this zone are mixed-income, meaning a portion of units are set aside at below-market rents tied to area median income thresholds while the remainder rent or sell at market rates.

Affordable and Mixed-Income Construction

Affordable housing construction is a major component of what is being built in Yonkers in 2026. The Yonkers Industrial Development Agency has approved multiple residential projects specifically targeting affordable and workforce housing, adding hundreds of income-restricted units to the city's rental stock. These projects are spread across different parts of the city rather than concentrated in one area, which reflects the city's stated goal of distributing affordable housing more broadly across its geography.

For a detailed look at IDA-approved affordable projects, this report from the New York Real Estate Journal covers the five residential projects the Yonkers IDA approved for affordable housing, including the unit counts and income targeting for each.

Smaller Infill and Scattered-Site Projects

Beyond the large tower projects, Yonkers has a meaningful number of smaller infill developments underway in 2026. These are typically two- to six-story multifamily buildings on lots that previously held vacant structures, parking lots, or underused commercial buildings. They tend to add between 10 and 60 units and are often entirely market-rate. These smaller projects do not generate the same headlines as the waterfront towers, but collectively they contribute a significant amount of new housing stock to established residential streets throughout the city.

3. Which Neighborhoods Are Seeing the Most Construction Activity

Construction is not evenly distributed across Yonkers. Three corridors account for the majority of new residential units being added to the city's housing stock in 2026.

The Southwest Waterfront Corridor

The southwest waterfront, running from the area around Yonkers station down through the Ludlow neighborhood and toward the border with the Bronx, is the single most active construction zone in the city. This corridor has seen the tallest and largest new buildings, many of them 10 to 20 stories with river views, structured parking, and amenities like rooftop terraces, fitness centers, and co-working spaces. The proximity to the train station makes this area particularly attractive to commuters, and new retail and restaurant spaces at the base of several of these buildings are changing the street-level experience along the waterfront.

If you want a ground-level picture of what daily life looks like in this part of the city beyond just the new construction, the article on living in southwest Yonkers day to day covers the practical details of the neighborhood beyond the headlines.

Downtown Yonkers and Getty Square

Downtown Yonkers, centered on Getty Square and the blocks radiating outward along Main Street and South Broadway, is seeing a mix of new construction and adaptive reuse. Several older commercial and industrial buildings in this zone are being converted into residential units, which adds housing without requiring demolition of existing structures. The area is also home to the Yonkers Arts District, and some of the newer residential projects in this corridor incorporate live-work spaces or ground-floor gallery and performance spaces.

Unit sizes in the downtown projects tend to skew toward studios and one-bedrooms, reflecting the rental-heavy nature of the new supply in this corridor. Two-bedroom units are available but less common than in the waterfront towers, where larger floor plans are more prevalent.

Mid-Yonkers and the Nodine Hill Area

Further east and uphill from the waterfront, the Nodine Hill neighborhood and surrounding mid-Yonkers corridors are seeing a quieter but consistent wave of smaller multifamily construction. These projects are generally three to six stories and often replace vacant lots or deteriorated two-family homes. The housing stock in this part of the city is older, with many two- and three-family homes built in the early to mid-twentieth century, so the new infill buildings stand out visually but are filling genuine gaps in the supply.

4. What New Development Means for Home Buyers and Sellers

The volume of new residential construction happening in Yonkers this year has real, measurable effects on the local housing market. Whether you are buying, selling, or deciding whether to stay or relocate, understanding those effects helps you make a more informed decision.

How New Supply Affects Pricing

New construction adds supply, and more supply generally moderates price growth. In the rental market, the large number of new apartment buildings coming online in the waterfront corridor has given renters more options and kept rent increases more modest than in comparable Westchester County cities where less is being built. In the for-sale market, the effect is more nuanced: most of the new construction in Yonkers is rental, not for-sale, so the direct competition with existing single-family homes and condominiums is limited.

That said, new construction does affect buyer behavior. Some buyers who might have purchased an older home in Yonkers are instead opting to rent in one of the new waterfront buildings, which can reduce demand at the lower end of the for-sale market. Sellers of older condominiums and co-ops in the downtown area should be aware that new rental buildings with modern amenities are competing for some of the same households.

Buying New Construction vs. Existing Homes in Yonkers

For buyers, the choice between new construction and an existing home in Yonkers involves a set of real trade-offs. New construction typically offers modern layouts, energy-efficient systems, and amenity packages that older buildings cannot match. However, new buildings in Yonkers are predominantly rental, so buyers looking to purchase rather than rent will still find the bulk of the for-sale inventory in the city's existing housing stock: two-family and three-family homes, co-ops, older condominiums, and single-family houses on the city's east side.

When new for-sale condominiums do come to market in Yonkers, they tend to price at a premium over comparable existing units because of the modern finishes and amenity packages. Buyers should factor in property taxes carefully when evaluating new construction, since newly assessed buildings can carry higher tax bills than older properties. A full breakdown of how Yonkers property taxes work and how they compare across Westchester is covered in this article on Yonkers property taxes compared to other Westchester County cities.

What Sellers Should Know About Competing Inventory

Sellers of existing homes in Yonkers are not directly competing with rental towers, but they are operating in a market where buyers have more to look at than they did five years ago. Pricing strategy matters more in a market with growing supply. Homes that are updated, priced correctly from day one, and marketed well are still moving, but overpriced listings are sitting longer than they would have in the tighter market of 2021 and 2022. Sellers who understand this dynamic and work with an agent who knows the local inventory are in a much stronger position.

5. Affordable Housing Projects Getting Attention in 2026

Affordable housing is one of the most active construction categories in Yonkers this year. Several projects have received public financing, tax credits, or IDA approval specifically because they include income-restricted units, and more are in the pipeline.

IDA-Approved Projects and What They Include

The Yonkers IDA has approved multiple residential projects in recent cycles that include affordable components. These projects typically involve a combination of Low-Income Housing Tax Credits, city-issued bonds, and sometimes direct subsidies to make the affordable units financially viable. The buildings themselves are generally indistinguishable in appearance from market-rate construction, and many include amenities like on-site laundry, community rooms, and in some cases outdoor space.

Proposals to expand existing affordable housing buildings are also part of the 2026 pipeline. One such proposal involves adding units to an existing affordable complex, which is a cost-effective way to increase supply without acquiring new land. Details on one of these expansion proposals are outlined at Westfair Online's coverage of the Yonkers affordable housing expansion plan.

Income Limits and How to Find Out If You Qualify

Affordable units in Yonkers are typically restricted to households earning a percentage of the Westchester County Area Median Income, which the U.S. Department of Housing and Urban Development updates annually. Common thresholds are 30%, 50%, 60%, and 80% of AMI, depending on the project and its funding sources. Eligibility also depends on household size. The best way to find out whether you qualify for a specific building is to contact the property manager directly or check the New York State Homes and Community Renewal website, which maintains a searchable database of affordable housing lotteries and waitlists.

Affordable units in Yonkers are allocated through lotteries when a building first opens, and through waitlists thereafter. Demand consistently exceeds supply, so applying early and to multiple buildings increases your chances. Income documentation requirements are detailed and must be submitted accurately; incomplete applications are typically rejected without review.

6. What Buyers and Sellers Relocating to Yonkers Should Watch Next

The construction pipeline in Yonkers is not slowing down in the near term. Several projects that received approvals in 2024 and 2025 are now breaking ground or moving through the permitting process, which means additional units will be coming online through 2027 and 2028. For buyers, this means the inventory picture in Yonkers will continue to evolve, particularly in the rental market.

For people relocating to Yonkers from outside the area, the new construction activity is one signal of broader momentum in the city. New buildings attract new retail, restaurants, and services, which in turn make the surrounding neighborhoods more active. The waterfront in particular has changed substantially over the past decade and continues to add amenities that did not exist when many of the older housing stock was built.

For sellers, the key takeaway is that the market is more competitive than it was during the low-inventory years of the pandemic. Buyers have more choices, and the new construction pipeline means that supply will keep growing. Pricing your home correctly and presenting it well are not optional strategies in this environment; they are the baseline for a successful sale. Working with an agent who tracks both the resale market and the new construction pipeline gives you an accurate picture of what you are actually competing against.

If you are thinking about selling and want to understand how to position your home in this market, the article on choosing the right listing agent in Yonkers walks through what to look for and what to ask before signing anything.