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Due to past irregularities, Clipper Equity was banned for life in 1998 from converting apartments to condominiums or co-ops in New York State. Exceptions to this ban are made on an individual project basis. For example, Clipper Equity has been given permission to sell apartments it is renovating in
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complex, the largest federally subsidised housing development in the United States, for a then record $ 1.3 billion on
February 8, 2007. The State of New York and the Federal Department of Housing and Urban Development expressed concerns, and on March 1, 2007, a US Federal Judge blocked the sale.
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and Sam
Levinson. The firm owns more than 60 buildings, with thousands of residential units, in New York and New Jersey. The partnership are known for their attempted purchase of the
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said
Clipper Equity, the prospective buyer of the complex, failed to explain how it would remain an affordable community.
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expressed concerns over the new landlord's history of building violations.
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174:"Apartment Complex in Brooklyn Sold for $ 1.3 Billion"
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According to the
Associated Press, Housing Secretary
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98:Clipper Equity attempted to buy the
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229:"Mayor wary of new Starrett owners"
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172:Bagli, Charles V. (2007-02-08).
135:. Justia US Law. 31 October 2022
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156:"The Closing David Bistricer"
254:"New York Recorder Of Deeds"
154:Solomont, E.B (March 2016).
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25:Limited Liability Company
210:Pincus, Adam (Sep 2013).
74:is a partnership led by
278:Clipper Equity Website
212:"Bistricer Gets Busy"
82:housing complex in
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178:The New York Times
84:Brooklyn, New York
72:Clipper Equity LLC
17:Clipper Equity LLC
113:Downtown Brooklyn
88:Michael Bloomberg
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65:Sam Levinson
30:Headquarters
22:Company type
259:21 February
94:Controversy
41:Area served
287:Categories
239:2007-02-10
191:2019-04-25
139:19 January
119:References
57:Key people
50:New Jersey
186:0362-4331
46:New York
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261:2019
182:ISSN
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