Yonkers IDA Approves Incentives Package for Rental Property at 56 Prospect Street

Rendering of 56 Prospect Street in Yonkers, New YorkRendering of 56 Prospect Street in Yonkers, New York

The Yonkers Industrial Development Agency has granted final approvals for a seven-story rental building at 56 Prospect Street. The incentives package is valued at $32.6 million and is awarded to Regency Apartment Ventures, LLC, the Long Island-based developer responsible for the project.

Known locally as the Yonkers IDA, the agency is responsible for undertaking projects and programmatic initiatives that foster economic, residential, and commercial development throughout the City of Yonkers.

The new rental property will eventually contain 126 units and is expected to create roughly 250 construction jobs as well as permanent building staff positions. The mix of units will include 90 studios, 18 one-bedrooms, and 18 two-bedrooms. This includes a total of 13 affordable housing units that will be priced below market rate.

Outdoor amenity space will include a private landscaped courtyard on the first floor with benches and picnic tables. Future occupants will also have access to an underground parking garage for 130 vehicles.

Agents representing the developer have declined to confirm the building’s design architect. An anticipated date of completion is also unconfirmed.

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TFC Horizon

20 Comments on "Yonkers IDA Approves Incentives Package for Rental Property at 56 Prospect Street"

  1. the architect is Studio RAI out of Pound Ridge and Pelham.

  2. How do we apply for these new apartments?

  3. Belkis Martinez | February 27, 2021 at 6:47 pm | Reply

    Hi pleases how I get a application

  4. My daughter and grandson live in Yonkers, I’m disabled and would like to be closer to them. Thank you. A retired 1199 union worker.

  5. Lorraine givens | February 28, 2021 at 8:34 am | Reply

    Yes yes i like it how can i get an application to one of these beautiful appartment. Thank you

  6. Blanca Martinez | February 28, 2021 at 9:56 am | Reply

    Donde obtengo una solicitud para este proyecto en yonkers

  7. I’m interesting in 1 bedroom in Yonkers Ny U have a new develope on Prospect Place Im Very Interested how can I apply for the rental?

  8. Yes I would like a application

  9. Yes, i would like to know how i can obtain an application for rental. My wife is disabled an we could really use something like this. Thank you an hope to hear from you soon.

  10. Hi I would love to know how to obtain an application for an apartment.

  11. Eulalia Jimenez | February 28, 2021 at 4:31 pm | Reply

    Quiero una aplicación

  12. Hello how can I get an application?

  13. How can I get an application

  14. How can we get an application for these apartments?

  15. Please I need aplicacion

  16. Erlinda Calanog | March 1, 2021 at 10:45 pm | Reply

    Hi how can i get an application for low income

  17. Javier Estrada | March 2, 2021 at 11:54 am | Reply

    How can I get a application for one of this building

  18. Lauretta Riley | March 2, 2021 at 8:45 pm | Reply

    Please include me in Lottery for 345 St. Ann’s Avenue, Bronx. A 1 bedroom Apt. is my intetest. I’m definitely interested pls include me. Thank you very much.

  19. annie ceballos | April 1, 2021 at 6:02 am | Reply

    How does one get an application? Please send one for a one room apt for a retired disabled homeless male senior. Email it to my email. Just trying to help a friend who has no access to a computer. Thank you for your consideration.

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