9-11 Riverdale Ave will be built on a vacant lot along a prime corridor of Getty Square. The $9.4 million development, which last year received financial incentives from the Yonkers Industrial Development Agency, will feature 29 rental apartments and 2,150 sq. ft. of ground-level commercial space.
The building will have a mix of six studios, 21 one-bedroom units and two two-bedroom units. It will also have a roof-top terrace with Hudson River views, a 700 sq. ft. common area for residents as well as basement storage and bike rack.
The project will create four affordable apartments and will generate an estimated $700,000 in additional property tax revenues for the city.
The property is located in the DM-X Mixed Use District which has a high concentration of commercial, residential and institutional development in the Downtown. The zone encourages ground-floor commercial uses to activate the street-level environment. The new building will retain the current look of the existing streetscape while adding a modern touch and modern amenities.