While we're here, Congrats to Jersey City for regulating short term rentals like AirBnB. I'd hate to have to live next to a AirBnB unit.
I lived next to short term rental for a long time (and might still do, not sure). It's a mixed bag. Since it's short term rental it's empty half the time, which is good because I don't hear the noise from them. However during check-in and check-out time it takes a long time to get an elevator.
The only thing I am afraid of is whether the landlord would increase the rent to cover the lost revenue from short term rental.