secwatch.observer — SEC 8-K summary
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Issuer:     Clipper Realty Inc. (CLPR)
CIK:        0001649096
Form:       8-K
Filed at:   2025-04-08T23:59:59+00:00
Accession:  0001437749-25-011420
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.05, 2.06
LLM model:  deepseek-v4-flash:cloud@v2

Clipper Realty sells 10 West 65th St for $45.5M, expects $32-34M impairment
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- Subsidiary entered Purchase and Sale Agreement for $45.5M; $4.6M deposit in escrow.
- Transaction expected to close within 30-60 days; $2.0M in closing costs anticipated.
- Company expects to repay $31.2M mortgage and retain ~$12.0M cash from sale.
- Q1 2025 results to include $32-34M impairment on investment in real estate assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649096/000143774925011420/0001437749-25-011420-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649096/000143774925011420/clpr20250408_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-011420

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