10-Story Apartment Building Planned for Bergenline Avenue in West New York

14
4901 Bergenline Avenue West New York 1
Proposed mixed-use development: 4901 Bergenline Avenue, West New York. Rendering via NRIA.

A new $49 million development could be built along a major Hudson County thoroughfare just steps from a busy transportation hub.

While the property at 4901 Bergenline Avenue in West New York contained a one-story commercial building for decades, the tallest building in the immediate vicinity is now being proposed for the site. The premises are located directly across 49th Street from the Bergenline Avenue station, the only underground stop on the Hudson-Bergen Light Rail, and are very close to the Union City and North Bergen borders.


A recent flyer from Secaucus-based National Realty Investment Advisors (NRIA) features renderings of the project and states that this proposed mixed-use development is expected to include 97 apartments. The flyer markets the Bergenline Station Apartments as an EB-5 project, mentioning that of the $49 million estimated cost of the project, 11.2 percent is expected to come from foreign EB-5 capital while 79.6 percent is slated to be financed through a construction loan. The remaining portion of the costs would be funded by the developer.

Construction is expected to last for around two years, according to the timeline in the flyer. 43 of the units are expected to contain one bedroom while the remaining 54 would have two bedrooms each. The pricing of the units is not mentioned in the flyer. There would also be a lounge and fitness center for residents along with 54 underground parking spaces.


Over the years, the longtime building on the premises has been home to a Home Discount Center, a flea market, and a Duane Reade. The proposed development would include 12,200 square feet of retail and commercial space on the ground floor. While the flyer mentions that T-Mobile and PSE&G have letters of intent in place for two of the spaces, it adds that there are “continued conversations with Starbucks” for the third retail space.

4901 Bergenline Avenue West New York 2
Prospective retail tenants. Rendering via NRIA.

An LLC registered out of NRIA’s Secaucus address has owned the property since last year, according to NJ Parcels. A report from Avison Young states that the site had been sold in 2018 for $15 million.

This project might not be the only development in store for the neighborhood. NJ Parcels records show that an anonymous LLC paid $2.5 million last year for a property just a block away at 4803 John F. Kennedy Boulevard in North Bergen, but that company’s plans are not yet known.

Related coverage:

--

Have something to add to this story? Email [email protected].

Click here to sign up for Jersey Dig's free emails and news alerts. Stay up-to-date by following Jersey Digs on Twitter and Instagram, and liking us on Facebook.

14 COMMENTS

  1. The so-called “transportation hub” is frequently not in service due to “elevator issues”…

    NJ Transit Alerts: Hudson Bergen Light Rail service is bypassing Bergenline Ave., in both directions due to elevator issues.

  2. West New York is the second most densely populated city in the country. Parking is a nightmare. Transportation to NY is overcrowded. We do not need a 10 story, 97 apartment building. We need more open space and parks. What does the developer have to give back to build this?

    • You aren’t going to get more open space and parks in WNY. Real estate is too expensive and limited. Also, we already have enough parks in the town (not to mention 80th Street Park in North Bergen).

  3. They better have a minimum 150 dedicated parking spaces. Parking around Hudson County Community College (down the street) is already almost impossible during school days (Mon-Sat).

  4. The WNY Mayor and Board of Commissioners need to do the right thing for the MANY WNY Voters who pay rent in WNY AND DRIVE AROUND AND AROUND AND AROUND Looking for a parking space: Change the current Planning and Zoning Board Ordinance for Parking Variance requests connected to applications for new developments or modifications to require that applicant send notice to ALL RESIDENTS WITHIN 200 feet of the proposed site, not just to home owners. After all, driving age renters, who by far outnumber driving age property owners in WNY will be voting in the upcoming Municipal Elections in WNY on May 14. PLEASE SHOW UP AT NEXT WNY BOARD OF COMMISSIONERS MEETING 2/20 Town Hall 2nd Floor Court Room at 6:30 to urge our elected leaders TO DO SOMETHING ABOUT PARKING.

  5. 43 single b/room 50% of them with 2 cars = 44 cars
    54 double b/room 50% of them with 2 cars = 108 cars – total 152 cars

    152 needed spaces less 54 underground parking spaces = 98 cars looking for parking every single night

    Welcome to Mess New York

LEAVE A REPLY

COMMENTING POLICY: At Jersey Digs, our goal is to inspire thoughtful and respectful conversations. We ask that you keep a level head and an open mind as you discuss the complex issues facing our community. Members who are unable to maintain civility may be blocked from commenting and have their posts removed.

Please enter your comment!
Please enter your name here