502 Brinley
Multi-Family development in Bradley Beach, New Jersey.
502 Brinley is a 12-unit multifamily apartment building located in Bradley Beach, New Jersey, immediately adjacent to The Surf Village. The property is currently under contract, with an anticipated closing in Q1 2026, and is in the process of raising capital.
The plan is to preserve the building as a multifamily asset while executing a phased improvement strategy. Initial efforts will focus on exterior upgrades, followed by interior renovations over time as units turn, allowing for steady improvements without disrupting existing operations.
From a strategic standpoint, the property benefits from its proximity to The Surf Village. Co-location allows for operational efficiencies across management, maintenance, and vendor relationships, creating economies of scale and reducing overhead. The acquisition is intended to strengthen the broader Bradley Beach portfolio while maintaining long-term flexibility and stable residential use.