Clipper Equity
Clipper Equity is a residential landlord and development firm led by David Bistricer in a partnership with Sam Levinson. The Brooklyn-based company is founded on the real estate holdings of the Bistricer family, including David's parents, Elsa and Moric. Some of the properties were acquired in the 1970s and 1980s. David's son Jacob, who goes by JJ, joined the family firm in 2005 and is now chief operating officer and executive vice president, according to LinkedIn.
Clipper Equity has a lot of experience with conversions, turning residential buildings into cooperatives or office buildings into loft-like apartments. The firm sometimes invests in partnership with another family-run developer and landlord, the Chetrit Group. Together, Clipper and Chetrit have acquired the Sony Building, Flatotel and other buildings the developers want to convert to more lucrative uses.
In 2007, Clipper Equity made a failed bid, worth $1.3 billion, for Starrett City, the largest federally-subsidized housing development in the U.S. The past irregularities of Clipper Equity and Bistricer played a role in the collapse of the deal. Several of the firm's projects from past decades converting rental apartments into cooperatives or condominiums lacked proper disclosure, garnering Bistricer a ban from conversion work in 1998. The company has gotten exceptions from the ban on an individual-project basis.
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Jacob-Bistricer, Brooklyn, NY, (718) 438-2804
4611 12th Avenue, Brooklyn, NY, (718) 438-2804
- Event Financing
- Address 250 Livingston Street
- Neighborhood Brooklyn Heights
- Borough Brooklyn
- Price $ 125,000,000
- Publication Date 06/13/2019
- Event Date 06/12/2019
- Party 1 Clipper Equity
- Party 2 Citigroup
- Event Office Leasing
- Address 250 Livingston Street
- Neighborhood Brooklyn Heights
- Borough Brooklyn
- Square feet 342,496
- Publication Date 05/09/2019
- Event Date 05/09/2019
- Party 1 Clipper Equity
- Party 2 New York City Human Resources Administration
- Event Financing
- Address 111 Wadsworth Avenue
- Neighborhood Harlem
- Borough Manhattan
- Price $ 136,000,000
- Publication Date 02/01/2019
- Event Date 01/29/2019
- Party 1 Clipper Equity
- Party 2 Walker & Dunlop
- Event Financing
- Address 123 Parkside Avenue
- Neighborhood Prospect Park South
- Borough Brooklyn
- Price $ 98,900,000
- Publication Date 11/19/2018
- Event Date 11/16/2018
- Party 1 Clipper Equity, Chetrit Group
- Party 2 Greystone Servicing Corporation
- Event Financing
- Address 224 East 20th Street
- Neighborhood Gramercy
- Borough Manhattan
- Price $ 380,000,000
- Publication Date 04/17/2018
- Event Date 04/10/2018
- Party 1 Chetrit Group, Clipper Equity, Read Property Group
- Party 2 SL Green Realty
- Event Financing
- Address 53 Park Place, 120 Church Street
- Neighborhood Tribeca
- Borough Manhattan
- Price $ 335,000,000
- Publication Date 02/28/2018
- Event Date 02/28/2018
- Party 1 Clipper Equity
- Party 2 Deutsche Bank
- Event Financing
- Address 21 West 86th Street
- Neighborhood Upper West Side
- Borough Manhattan
- Price $ 104,000,000
- Publication Date 12/01/2016
- Event Date 10/15/2016
- Party 1 New York Community Bank
- Party 2 Clipper Equity
- Event Sales
- Address 21 West 86th Street
- Neighborhood Upper West Side
- Borough Manhattan
- Square feet 155
- Price $ 172,500,000
- Publication Date 12/01/2016
- Event Date 10/15/2016
- Party 1 Barings Real Estate Advisors
- Party 2 Clipper Equity
- Event Sales
- Address 135 West 52nd Street
- Neighborhood Midtown
- Borough Manhattan
- Square feet 5,000
- Price $ 9,500,000
- Price per foot $ 1,900.00
- Publication Date 07/01/2016
- Event Date 05/15/2016
- Party 1 Chetrit Group, Clipper Equity
- Party 2 Okada & Company, Christopher Okada, Francis Leung
- Event Sales
- Building Name Unit 2PR, BellTell Lofts
- Address 365 Bridge Street
- Unit 2PR
- Neighborhood Downtown Brooklyn
- Borough Brooklyn
- Square feet 804
- Price $ 295,000
- Price per foot $ 366.92
- Publication Date 05/09/2016
- Event Date 04/14/2016
- Party 1 Clipper Equity
- Party 1 Entity METROTECH LLC I
- Party 2 Amy Van Winkle Plumb Oppenheim
- Event Retail Leasing
- Address 120 Church Street
- Neighborhood Tribeca
- Borough Manhattan
- Square feet 3,545
- Publication Date 09/01/2015
- Event Date 07/23/2015
- Party 1 Clipper Equity
- Party 1 Brokerage RKF
- Party 1 Broker Ariel Schuster, Ross Berkowitz, Andrew Stern
- Party 2 Schnippers
- Party 2 Brokerage Winick Realty Group
- Party 2 Broker Steven E. Baker
- Event Financing
- Address 135 West 52nd Street
- Neighborhood Midtown West
- Borough Manhattan
- Publication Date 10/01/2014
- Event Date 08/22/2014
- Party 1 Chetrit Group, Clipper Equity
- Party 1 Brokerage Meridian Capital Group
- Party 1 Broker Aaron Birnbaum, Emanuel Westfried
- Party 2 Deutsche Bank
- Party 2 Brokerage Meridian Capital Group
- Party 2 Broker Aaron Birnbaum, Emanuel Westfried
- Event Sales
- Address 752 West End Avenue
- Neighborhood Upper West Side
- Borough Manhattan
- Price $ 120,000,000
- Publication Date 08/01/2013
- Event Date 06/22/2013
- Party 1 Clipper Equity, Rieder Holdings
- Party 1 Brokerage Eastdil Secured
- Party 1 Broker Douglas Harmon, Adam Spies, Jean Celestin
- Party 2 Crescent Heights
- Event Sales
- Address 752 West End Avenue
- Neighborhood Upper West Side
- Borough Manhattan
- Price $ 72,000,000
- Price per foot $ 365,000.00
- Publication Date 12/01/2010
- Event Date 10/22/2010
- Party 1 Westbrook Partners
- Party 1 Brokerage Eastdil Secured
- Party 1 Broker Adam Spies, Douglas Harmon
- Party 2 Clipper Equity, Rieder Holdings
- Party 2 Brokerage Rosewood Realty Group
- Party 2 Broker Aaron Jungreis
- Event Sales
- Address 752-758 West End Avenue
- Neighborhood Upper West Side
- Borough Manhattan
- Price $ 72,360,000
- Publication Date 11/01/2010
- Event Date 09/17/2010
- Party 1 Westbrook Partners
- Party 1 Brokerage Rosewood Realty Group
- Party 1 Broker Aaron Jungreis
- Party 2 Clipper Equity, Rieder Holdings
- Party 2 Brokerage Rosewood Realty Group
- Party 2 Broker Aaron Jungreis
- Event Sales
- Building Name 752-758 West End Avenue
- Address 758 West End Avenue
- Neighborhood Upper West Side
- Borough Manhattan
- Square feet 161,000
- Price $ 72,360,000
- Price per foot $ 449.44
- Publication Date 11/01/2010
- Event Date 09/22/2010
- Party 1 Westbrook Partners
- Party 1 Brokerage Rosewood Realty Group
- Party 1 Broker Aaron Jungreis
- Party 2 Clipper Equity, Rieder Holdings
- Party 2 Brokerage Rosewood Realty Group
- Party 2 Broker Aaron Jungreis
- Event Sales
- Building Name Spring Creek Towers
- Address Starrett City
- Neighborhood Midtown
- Borough Brooklyn
- Price $ 1,300,000,000
- Publication Date 03/01/2007
- Event Date 01/15/2007
- Party 1 Starrett City Associates
- Party 2 Clipper Equity LLC
Chetrit Group|Clipper Equity, 227 EAST 19TH STREET
Chetrit Group|Clipper Equity, CF BOSSERT 26 LLC|DB BOSSERT LLC|MONTAGUE INVESTORS LLC
1833 ASSOCIATES,
1750 OCEAN PARKWAY AS
250 LIVINGSTON OWNER
141 LIVINGSTON OWNER
135 PROSPECT TENANTS
3100 OCEAN LLC
Clipper Equity
3060 OCEAN AVE OWNERS
NYC DCAS
POLLER DAVID
Clipper Equity, METROTECH, LLC I
RENAISSANCE EQUITY HO
Chetrit Group|Clipper Equity, CF BOSSERT 26 LLC|DB BOSSERT LLC|MONTAGUE INVESTORS LLC
Clipper Equity, METROTECH, LLC I