Converting to condo in Union City, NJ?

[Mia Shlomit]

I've been eyeing a particular 3 unit multifamily in Union City for a while, to by as an investment. The idea was to upgrade the units significantly and raise the rents, then possibly sell once stable. Alas - the new ordinance turned this property too into a rent stabilized one. I'm now considering buying and converting the units to condos. Does anyone have experience with converting to condos in Union City?  What is the process like? How long did it take? How much did you wind up spending in attorney fees, etc? Any bit if info would help. Thank you!