---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-019578"
form_type: "8-K"
ticker: "CLPR"
cik: "0001649096"
company_name: "Clipper Realty Inc."
filed_at: "2025-06-05T23:59:59+00:00"
generated_at: "2026-05-19T22:03:43.257288+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Clipper Realty completes sale of NYC property for $45.5M, repays $31.2M mortgage

## Summary
- Gross sale price $45.5M; after closing costs (~$1.9M) and mortgage payoff ($31.2M + $0.8M interest), net cash proceeds ~$13.8M.
- Property at 10 West 65th St sold to unaffiliated buyer; mortgage to Flagstar Bank fully repaid without penalty.
- Pro forma financials show annual revenue reduced by ~$4.1M and operating expenses by ~$3.4M (based on 2024 data).
- Sale generated a pro forma loss on disposition of $0.5M; net loss per share improves from ($0.25) to ($0.20) for FY 2024.
- Company received $1.1M in previously deposited property tax escrow and debt reserves upon mortgage release.

## SEC filing metadata
- accession: 0001437749-25-019578
- form_type: 8-K
- ticker: CLPR
- cik: 0001649096
- company_name: Clipper Realty Inc.
- filed_at: 2025-06-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.02, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1649096/000143774925019578/0001437749-25-019578-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1649096/000143774925019578/clpr20250605_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-019578
- JSON: https://secwatch.observer/filing/0001437749-25-019578.json
- Plain text: https://secwatch.observer/filing/0001437749-25-019578.txt

## Key facts
- M&A Transactions
  Clipper Realty Inc. completed a disposition involving 10 West 65, LLC for gross proceeds of $45.5 million less approximately $1.9 million in closing costs (closed 2025-05-30).
  - Action: disposition
  - Counterparty: 10 West 65, LLC
  - Consideration: gross proceeds of $45.5 million less approximately $1.9 million in closing costs
  - Closing: 2025-05-30
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1649096/000143774925019578/0001437749-25-019578-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.