Company: CLPR
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001437749-25-003988
Chunk: 1

Company: Clipper Realty Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 1
Chunk 1
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ment option, which closed on March 10, 2017). The net proceeds of the IPO were approximately $78.7 million. We contributed the proceeds of the IPO to the Operating Partnership, in exchange for units in the Operating Partnership.
 
As of December 31, 2024, the properties owned by the Company consisted of the following:
 

•   Tribeca House in Manhattan, comprising two buildings, one with 21 stories and one with 12 stories, containing residential and retail space with an aggregate of approximately 483,000 square feet of residential rental Gross Leasable Area ("GLA”) and 77,000 square feet of retail rental and parking GLA;
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•   Flatbush Gardens in Brooklyn, a 59-building residential housing complex with 2,494 rentable units and approximately 1,749,000 square feet of residential rental GLA;                                                                                                                                        
•   141 Livingston Street in Brooklyn, a 15-story office building with approximately 216,000 square feet of GLA;                                                                                                                                                                                                
•   250 Livingston Street in Brooklyn, a 12-story office and residential building with approximately 370,000 square feet of GLA (fully remeasured);                                                                                                                                                             
•   Aspen in Manhattan, a 7-story building containing residential and retail space with approximately 166,000 square feet of residential rental GLA and approximately 21,000 square feet of retail rental GLA;                                                                                                  
•   Clover House in Brooklyn, a 11-story residential building with approximately 102,000 square feet of residential rental GLA;                                                                                                                                                                                 
•   10 West 65th Street in Manhattan, a 6-story residential building with approximately 76,000 square feet of residential rental GLA;                                                                                                                                                                           
•   1010 Pacific Street in Brooklyn, a 9-story residential building with approximately 119,000 square feet of residential rental GLA; and                                                                                                                                                                       
•   The Dean Street property in Brooklyn, which the Company plans to redevelop as a 9-story residential building with approximately 160,000 square feet of residential rental GLA and approximately 9,000 square feet of retail rental GLA.                                                                     
 
See “Descriptions of Our Properties” in Item 2 for a detailed discussion of the Company’s properties.
 
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These properties are located in the most densely populated major city in the United States, each with immediate access to mass transportation.
 
Our ownership interest in our initial portfolio of properties