NYCFC, owned by Manchester City and the Yankees, will join MLS in 2015. But they don't have a stadium just yet. Until one is built, they're expected to play in Yankee Stadium. But it seems like there's a good chance that when NYCFC gets a home of its own, they won't have far to travel.
The New York Times and Wall Street Journal both report that NYCFC is eyeing a parcel of land just south of Yankee Stadium. It's currently occupied by a parking garage, a warehouse, and an expressway onramp. (Here's the plot on Google Maps.) It's an attractive site for a number of reasons: nearby subways and commuter rail, and the few but stout gameday amenities already in place around Yankee Stadium. More importantly, for most New Yorkers it'd halve the commute time from the previously rumored site in Flushing Meadows Park.
It's far from a done deal. Yankees president Randy Levine said they're considering "four or five sites, in Queens, Brooklyn, and the Bronx."