Hudson Piers, a new residential development by Extell Development Company in Yonkers, offers affordable housing and a desirable suburban lifestyle along the Hudson River waterfront. As the city, traditionally viewed negatively, sheds its old reputation, it now draws young renters from New York City, benefiting from lower rent prices. The average rent in Yonkers stands at $2,494 for more spacious apartments, contrasting sharply with Manhattan's higher rates. This shift reflects a broader trend of urban transformation, with a focus on community amenities and accessibility to city life.
Yonkers is cultivating a new reputation as a desirable metropolis for young renters, luring them with affordability, proximity to Manhattan, and a suburban lifestyle.
According to RentCafe, average monthly rent in Yonkers is $2,494 compared to Manhattan's $5,025, making it a financially attractive option for renters.
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