Company: CLPR
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001437749-25-003988
Chunk: 55

Company: Clipper Realty Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 2
Chunk 55
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          40,568            1,730,482             5.7   %
      2028           2           1,597              138,336             0.5   %
      2029           —               —                    —             0.0   %
      2030           2           2,685              172,017             0.6   %
      2031           1             540              165,500             0.5   %
      2032           3           6,106              522,132             1.7   %
      2033           1          24,200            1,456,560             4.8   %
      2034           1           2,212              149,976             0.5   %
Thereafter           3           8,052              541,500             1.8   %
     Total          18         635,020   $30,588,547                  100.0   %
Descriptions of Our Properties 
 
Tribeca House
 
The Company purchased the 50 Murray Street and 53 Park Place buildings on December 15, 2014.
 
These buildings were built in 1964 and 1921, respectively, renovated in 2001, and comprise a total of 506 units which include studio and one- and two-bedroom apartments as well as retail space and parking. The buildings are both full-service luxury rentals which include building finishes such as ceilings as high as 11 feet, stainless steel appliances and granite countertops, and amenities such as a doorman, elevators, landscaped roof deck, rooftop basketball court, tenant lounge, game room, toddlers’ playroom, in-house valet service and screening room. 50 Murray Street includes 390 units and 396,528 square feet and 53 Park Place includes 116 units and 86,288 square feet.
 
The properties also feature approximately 77,400 square feet of retail space, comprising approximately 53,000 square feet of street-level and mezzanine-level retail space, and an externally managed garage. Tenants include Equinox (a premium fitness club), Starbucks and 7 Eleven. The weighted average remaining lease duration of the retail tenants at December 31, 2024, is approximately four years.
 
Property highlights include:
 

          Location            •      50 Murray Street and 53 Park Place   
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