Company: CLPR
Filing Date: 2025-02-04
Form Type: 424B5
Source: 0001437749-25-002637
Chunk: 3

Company: Clipper Realty Inc.
Filing Date: 2025-02-04
Form: 424B5
Chunk 3
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encies and uncertainties include, but are not limited to, the following:

| ● | our dependency on certain agencies of the City of New York, as a single government tenant in our office buildings, could cause an adverse effect on us, including our results of operations and cash flow, when these agencies opt to early terminate or opt not to renew their leases, as applicable. |

| ● | the impact of the recent increase in inflation in the United States which could increase the cost of acquiring, replacing and operating our properties |

| ● | market and economic conditions affecting occupancy levels, rental rates, the overall market value of our properties, our access to capital and the cost of capital and our ability to refinance indebtedness; |

| ● | economic or regulatory developments in New York City; |

| ● | changes in rent stabilization regulations or claims by tenants in rent-stabilized units that their rents exceed specified maximum amounts under current regulations; |

| ● | our ability to control operating costs to the degree anticipated; |

| ● | the risk of damage to our properties, including from severe weather, natural disasters, climate change, and terrorist attacks; |

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| ● | risks related to financing, cost overruns, and fluctuations in occupancy rates and rents resulting from development or redevelopment activities and the risk that we may not be able to pursue or complete development or redevelopment activities or that such development or redevelopment activities may not be profitable; |

| ● | concessions or significant capital expenditures that may be required to attract and retain tenants; |

| ● | the relative illiquidity of real estate investments; |

| ● | competition affecting our ability to engage in investment and development opportunities or attract or retain tenants; |

| ● | unknown or contingent liabilities in properties acquired in formative and future transactions; |

| ● | the possible effects of departure of key personnel in our management team on our investment opportunities and relationships with lenders and prospective business partners; |

| ● | conflicts of interest faced by members of management relating to the acquisition of assets and the development of properties, which may not be resolved in our favor; |

| ● | a transfer of a controlling interest in any of our properties that may obligate us to pay transfer tax based on the fair market value of the real property transferred; |

| ● | the need to establish litigation reserves, costs to defend litigation and unfavorable litigation settlements or judgments; and |

| ● | other risks and risk factors or uncertainties incorporated by reference in “Risk Factors” below. |

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