Clipper Realty Inc
Clipper Realty Inc is a publicly traded NYSE REIT (CLPR) that owns, manages, and repositions multifamily residential and commercial properties in the New York metropolitan area, primarily serving NYC residential tenants and select commercial tenants through direct in-house leasing.
- Company typePublic
- Founded2015
- HeadquartersBrooklyn, United States
- Headcount101–250
- GTM typeB2C
- OfferingServices
What Clipper Realty Inc does
Clipper Realty Inc is a publicly traded Real Estate Investment Trust (NYSE: CLPR), founded in 2015 and headquartered in Brooklyn, New York, that acquires, owns, manages, and repositions multifamily residential and commercial properties in the New York metropolitan area. The company operates a dual-segment portfolio: a multifamily residential business with near-full 99% occupancy where new lease rents are running 13% above expiring rents and free-market rents have risen 7%, and a commercial office business anchored by two Livingston Street properties in Brooklyn that has come under severe stress following the August 2025 exit of the New York City government as a tenant at 250 Livingston Street.
The residential portfolio includes the Prospect House development in Brooklyn, which reached 78% leased at $85 per square foot and is positioned to drive revenue growth through mid-2026. The commercial portfolio is concentrated in 250 Livingston Street (subject to an active foreclosure by Citi Real Estate Funding on a $125 million loan) and 141 Livingston Street (subject to ongoing settlement discussions with Wells Fargo on a $100 million mortgage). Clipper Realty generates revenue through recurring rental income from both segments and pays an 11-13% dividend yield to shareholders.
The business model is a non-recourse debt-financed REIT operating on subscription-style recurring rental income. Distribution is conducted through direct property leasing by in-house property management teams in the New York metro area, with investor relations primarily handled through SEC filings, earnings calls, and the corporate website. The company has 101-250 employees and maintains no proprietary technology product beyond traditional property management operations.
Clipper Realty Inc firmographics
Firmographics- Name
- Clipper Realty Inc
- Legal name
- Clipper Realty Inc.
- Website
- https://clipperrealty.com
- Company type
- Public
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Clipper Realty Inc is a publicly traded NYSE REIT (CLPR) that owns, manages, and repositions multifamily residential and commercial properties in the New York metropolitan area, primarily serving NYC residential tenants and select commercial tenants through direct in-house leasing.
- Ownership category
- akta.pro rank
Clipper Realty Inc industry classification
Industry- Product category
- Multifamily and Commercial Real Estate
- NAICS
- Lessors of Residential Buildings and Dwellings (53111), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120)
- SIC
- Real Estate Investment Trusts (6798), Real Estate Operators (No Developers) & Lessors (6510), Lessors Of Real Property, Nec (6519)
- akta.pro primary industry
- REITs & Listed Real Estate Securities (FSAAAKAD)
- akta.pro secondary industry
- Multifamily Brokerage (BPAJABAD)
Keywords
Where Clipper Realty Inc is headquartered
LocationHeadquarters
- HQ city
- Brooklyn
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Clipper Realty Inc business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain
Revenue model
- Residential Rental Income: Rental income from multifamily residential properties in New York metropolitan area. The company reports strong residential performance with 99% occupancy and new lease rents exceeding prior rents by 13%, with free market rents rising 7%.
- Commercial Rental Income: Rental income from commercial office properties in New York metropolitan area. The office segment faces challenges including the NYC city government exiting its 250 Livingston Street lease.
Distribution channels1 record
Marketing channels3 records
Clipper Realty Inc product offering
Product offeringCore offering
Clipper Realty Inc. is a publicly traded REIT that acquires, owns, manages, and repositions multifamily residential and commercial properties in the New York metropolitan area. Its core offerings consist of multifamily residential apartment buildings (with near-full 99% occupancy and new lease rents exceeding prior rents by 13%) and commercial office assets (notably 250 Livingston Street and 141 Livingston Street in Brooklyn). The Prospect House development serves as a residential growth property reaching 78% leased status with free market rents at $85 per square foot.
Product overview
Clipper Realty Inc operates as a publicly traded real estate investment trust (REIT) with a dual-segment property portfolio consisting of multifamily residential properties and commercial office properties in the New York metropolitan area. The company's residential portfolio shows strong performance with near-full occupancy and rent increases, while the commercial office segment has faced challenges including a lease termination at 250 Livingston Street. The Prospect House development represents a growth initiative within the residential portfolio.
Differentiator
Problem solved
Functional benefit
Products and services
- Multifamily Residential Properties Owner and operator of multifamily residential apartment buildings in the New York metropolitan area, with near-full 99% occupancy rates and new lease rents exceeding prior rents by 13%. Targeted at individual residential renters seeking housing in supply-constrained Brooklyn neighborhoods.
- Commercial Office Properties Commercial office properties including 250 Livingston Street and 141 Livingston Street in Brooklyn, NY. Leased to commercial tenants and government entities for office use, with the 250 Livingston property facing ongoing debt restructuring challenges following the NYC city government lease termination.
- Prospect House Development Brooklyn residential development property reaching 78% leased status with free market rents at $85 per square foot, expected to drive revenue growth into mid-2026. Targeted at residential renters in the New York metropolitan area.
Quantifiable outcome
- Residential portfolio near-full 99% occupancy rate
- +3 more outcomes
Companies that use Clipper Realty Inc
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Clipper Realty Inc technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Clipper Realty Inc partnerships and signals
Strategic signalScale indicators14 records
Recent moves6 records
Expansion highlights3 records
Clipper Realty Inc competitors and assessment
Company assessmentDirect peers
- Veris Residential: A NYC-metro-area multifamily REIT (NYSE: VRE) operating a portfolio of Class A multifamily properties in New Jersey, with similar supply-constrained, rent-regulated market dynamics and small-cap profile to Clipper.
- Elme Communities: A small-cap multifamily REIT (NYSE: ELME) operating apartment communities across the Mid-Atlantic / DC metro area; directly comparable to Clipper in scale, focus on garden-style and mid-rise multifamily, and exposure to rent-regulated markets.
- BRT Realty Trust: A small-cap multifamily-focused REIT (NYSE: BRT) with a portfolio that includes multifamily properties and real estate debt; comparable to Clipper in size and in its use of leveraged, value-oriented real estate strategies.
- Centerspace: A small-cap multifamily REIT (NYSE: CSR) operating apartments in select U.S. markets; comparable in market cap tier, dividend-orientation, and focus on operating fundamentals over development.
- Independence Realty Trust: A multifamily REIT (NYSE: IRT) focused on middle-market apartment communities across the Sun Belt; comparable in scale and pure-play multifamily strategy, though operating in different geographies.
- Empire State Realty Trust: A NYC-focused office and destination-retail REIT (NYSE: ESRT) directly comparable to Clipper's commercial office segment and its Brooklyn office exposure, including assets near the Livingston Street corridor.
- Paramount Group: A NYC and San Francisco office REIT (NYSE: PGRE) operating high-quality Class A office assets; comparable to Clipper's commercial office segment in market exposure and post-COVID occupancy headwinds.
Broad incumbents
- Equity Residential: One of the largest U.S. multifamily REITs (NYSE: EQR) with a portfolio concentrated in urban and high-density coastal markets including NYC; provides a broad incumbent benchmark for Clipper's residential strategy and coastal rent dynamics.
- AvalonBay Communities: A large-cap multifamily REIT (NYSE: AVB) with coastal, urban-adjacent apartment communities; comparable as a benchmark for multifamily operational performance and as an acquirer/competitor in the same target geographies.
- Apartment Investment and Management: A diversified multifamily REIT (NYSE: AIV) with both owned and fee-managed apartment portfolios; relevant incumbent peer for understanding multifamily operating leverage and capital recycling dynamics.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights5 records
Customer concentration
Clipper Realty Inc social profiles
Digital presenceClipper Realty Inc financial estimates
Financial estimateRevenue estimate
Valuation estimate
Clipper Realty Inc leadership team
Management profileNumber of profiles
Profiles1 record
Clipper Realty Inc funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Clipper Realty Inc M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Clipper Realty Inc
What does Clipper Realty Inc do?
Clipper Realty Inc. is a publicly traded REIT that acquires, owns, manages, and repositions multifamily residential and commercial properties in the New York metropolitan area. Its core offerings consist of multifamily residential apartment buildings (with near-full 99% occupancy and new lease rents exceeding prior rents by 13%) and commercial office assets (notably 250 Livingston Street and 141 Livingston Street in Brooklyn). The Prospect House development serves as a residential growth property reaching 78% leased status with free market rents at $85 per square foot.
Is Clipper Realty Inc a public or private company?
Clipper Realty Inc is a public company. It is classified as public and is currently operating.
When was Clipper Realty Inc founded?
Clipper Realty Inc was founded in 2015. It employs 101 to 250 people.
Where is Clipper Realty Inc based?
Clipper Realty Inc is headquartered in Brooklyn, United States, in the North America region.
How does Clipper Realty Inc make money?
Two revenue lines are on record. Residential Rental Income is the primary driver. The others are commercial Rental Income.
Who are Clipper Realty Inc's main competitors?
Direct peers on record are Veris Residential, Elme Communities, BRT Realty Trust, Centerspace, Independence Realty Trust, Empire State Realty Trust and Paramount Group. Broad incumbents are Equity Residential, AvalonBay Communities and Apartment Investment and Management.
Does Clipper Realty Inc have an API?
No public API is recorded for Clipper Realty Inc.
What industry is Clipper Realty Inc in?
Clipper Realty Inc's product category is Multifamily and Commercial Real Estate. Its primary akta.pro industry code is FSAAAKAD, REITs & Listed Real Estate Securities, with a secondary code of BPAJABAD, Multifamily Brokerage. Its NAICS code is 53111 and its SIC code is 6798.