Clipper Realty Reports Strong Residential Demand, Addresses 250 Livingston Street Fallout

Company highlights record rents, progress on 953 Dean Street development during Q4 2025 earnings call.

Published on Mar. 2, 2026

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Clipper Realty (NYSE:CLPR) executives highlighted strong residential demand and record rents during the company's fourth-quarter 2025 earnings call on Feb. 26, 2026, while also addressing the fallout from New York City's lease termination at its 250 Livingston Street office property and progress on the initial lease-up of its 953 Dean Street development.

Why it matters

As a publicly traded real estate investment trust focused on multifamily and mixed-use properties in the New York metropolitan area, Clipper Realty's earnings call provides insights into the state of the local residential and commercial real estate markets. The company's ability to navigate challenges like the 250 Livingston Street lease termination and successfully lease up new developments like 953 Dean Street are key to its ongoing performance.

The details

Co-Chairman and CEO David Bistricer said the company's residential properties 'continue to perform very well' amid 'continued high residential rental demand,' contributing to 'excellent cash flow.' He noted the portfolio is 'nearly fully leased,' with overall rents 'generally at all-time highs and continuing to increase.' Management also discussed leasing metrics across the company's residential portfolio, including occupancy and rent levels, and provided an update on its newly completed development at 953 Dean Street, which was 78% leased with market rents around $85 per foot. On the office side, the company said it settled lender claims at 141 Livingston Street and obtained a five-year lease extension with the principal tenant, New York City. However, at 250 Livingston Street, where the city vacated in mid-August 2025, the company said it notified the lender it does not intend to support the property's ongoing operation.

  • The company's fourth-quarter 2025 earnings call was held on February 26, 2026.
  • New York City vacated the 250 Livingston Street property in mid-August 2025.
  • Clipper Realty's 953 Dean Street development was brought online in August 2025.

The players

Clipper Realty

A publicly traded real estate investment trust that acquires, owns and manages multifamily residential and mixed‐use properties in the Greater New York metropolitan area.

David Bistricer

Co-Chairman and CEO of Clipper Realty.

JJ Bistricer

Executive at Clipper Realty.

Larry Kreider

Chief Financial Officer of Clipper Realty.

New York City

The principal tenant that vacated the 250 Livingston Street property in mid-August 2025.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.