CBRE has been appointed the exclusive sales agent for The Station, a premier transit-oriented luxury high-rise located at 4901 Bergenline Ave. in West New York. The 10-story, 97-unit development represents a rare “institutional-quality” investment opportunity on New Jersey’s sought-after Gold Coast.
The property is anchored by an 11,000-square-foot ground-floor retail space fully leased to León Marketplace, a fresh grocer with a 20-year commitment. The CBRE Capital Markets team, led by Fahri Ozturk, Richard Gatto, Zach McHale and Tracy Trank, will spearhead the marketing of the asset on behalf of the seller.
According to the CBRE team, The Station stands out in a competitive market due to its 100% market-rate status and an active five-year tax abatement, which currently has three years remaining.
“The Station offers investors a rare opportunity to acquire a newly built, luxury high‑rise with strong yield and immediate connectivity to New York City,” Ozturk said. “Positioned on the Hudson River, the property features unobstructed panoramic views of the Manhattan skyline and the Meadowlands.”
Completed in 2023, the building consists of oversized one- and two-bedroom residences averaging 953 square feet. The units are designed with high-end finishes, including:
- Kitchens: Quartz countertops, mosaic backsplashes, and custom two-tone cabinetry.
- Flooring: High-end ESP flooring throughout with porcelain tile in bathrooms.
- Convenience: In-home washers and dryers in every unit.
The Station’s amenity package is geared toward the modern professional, featuring a state-of-the-art fitness center, a resident lounge with co-working spaces, and a private parking garage. The standout feature is the expansive rooftop terrace, offering residents a social space with world-class views of the Manhattan skyline.
The building’s location is a “Walker’s Paradise” (Walk Score of 98), situated directly adjacent to the 49th Street Light Rail Station. This provides residents with effortless access to the Hudson River waterfront, Hoboken, and Downtown Jersey City. For those commuting to Manhattan, the site offers a direct 15-minute link via NJ Transit bus or light rail.
“New construction assets with in-place tax abatements and grocery-anchored retail income simply don’t come to market often on the Gold Coast,” Gatto added. “This is a generational opportunity for yield-focused investors.”
