Clipper Realty Inc was incorporated on July 7, 2015. It is a self-administered and self-managed real estate company that acquires, owns, manages, operates and repositions multi-family residential and commercial properties in the New York metropolitan area, with an initial portfolio in Manhattan and Brooklyn. The Company compete with acquirers, developers, owners and operators of commercial and residential real estate, many of which own or may seek to acquire or develop properties. It also faces competition from commercial developers, real estate companies and other owners and operators of real estate for commercial buildings for acquisition and pursuing buyers for dispositions.