Company: CLPR
Filing Date: 2025-06-05
Form Type: 8-K
Source: 0001437749-25-019578
Chunk: 1

Company: Clipper Realty Inc.
Filing Date: 2025-06-05
Form: 8-K
Item: Item 2.01
Chunk 1
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Item 2.01. Completion or Acquisition of Disposition of Assets

On May 30, 2025, the Company completed the sale of the Property (the “ Sale Transaction”) pursuant to the Purchase and Sale Agreement (the “ Agreement”) with 10 West 65, LLC, a limited liability company not affiliated with the Company (“ Purchaser”) dated as of April 2, 2025 (the “ Effective Date”) for gross proceeds of $45.5 million less approximately $1.9 million in closing costs. At Closing, the Company repaid the Mortgage with Flagstar, as detailed above.

Item 9.01Financial Statements and Exhibits