Clipper Equity develops and manages residential condominiums, multifamily rental buildings, and mixed-use urban properties in Brooklyn, Manhattan, and nearby New York markets. Its projects serve condominium buyers, renters, and communities through new construction, adaptive reuse, conversions, and property-management services ongoing.
AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.
AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.
AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.
AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.
| Project | Overall | Structure & systems | Management & living |
|---|---|---|---|
| Pacific HouseBrooklyn, New York | 6.4/ 10 | —/ 10 | 6.4/ 10 |
Openigloo’s 3.8/5 aggregate from seven resident reviews is the only published review-based rating located, and its review base is below ten, so the converted anchor is kept within one point of 6.5 at 6.4. The written commentary is mixed rather than a repeated theme, so no additional adjustment is applied; structural records are reported but no separate structure rating was published. | |||
The resident evidence is mixed: one reviewer praised the building as clean and said water pressure and heating were strong, while another described it as “rickety” with “shoddy quality” and “corners cut everywhere.” Public building records also document a mold condition, a slow leak, heat and power-outage complaints, and an active elevator door-lock monitoring violation; these are records and complaints, not forecasts of future completion. | Day-to-day impressions are polarized. One former tenant wrote that the “building super and staff are amazing,” with an “incredible” roof deck, good gym and clean building; another said the leasing team was “often slow to respond and disorganized,” while a separate review alleged caretakers disliked amenity use and that residents were watched on security cameras “non stop.” | ||
| Parkside BK (Phase II)Prospect-Lefferts Gardens, Brooklyn, New York | 6.0/ 10 | 5.0/ 10 | 5.0/ 10 |
LocalityBiz’s 3.6/5 aggregate from 29 resident reviews sets the level and converts to 5.8/10 under the specified curve. Repeated complaints about unresponsive management, delayed maintenance and weak amenity upkeep pull the score down, while repeated praise for concierge and maintenance staff prevents a lower result; the evidence is review-based and not a current engineering inspection. | Not found in sources: No recurring structural failure established | ||
Published resident feedback includes a serious but single reported incident: “Our apartment was filled with raw sewage,” followed by a claim that water damage took four months to address. Other reviews mention thin walls and occasional maintenance shortcomings; Openigloo also reports one open Class B violation, but no published review-based structural sub-score was found, so structure is scored cautiously rather than from an engineering assessment. | Daily-life feedback is split: residents repeatedly praise the concierge and maintenance staff—“they are absolutely incredible”—and value the quiet, family-friendly setting and Prospect Park location. Management and amenity delivery are the dominant complaints, including “management not helpful/responsive to tenant needs,” delayed promised facilities, and a report that overnight concierge coverage was removed. | ||
| Casa HopeWilliamsburg, Brooklyn, New York143 units | 5.4/ 10 | 5.9/ 10 RentCafe 3.5/5 · 11 reviews · rentcafe.com RentCafe publishes 3.5/5 from 11 reviews. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 5.9. | 4.9/ 10 RentCafe 3/5, 2.5/5, 3/5, 2.5/5, 2.5/5 · 11 reviews · rentcafe.com Combined from 5 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 4.9. |
RentCafe’s building-specific resident aggregate is the only qualifying anchor with at least 10 reviews: 3.0/5 from 11 reviews, which converts to 4.0/10 under the supplied curve. Apartments.com shows 4.0/5 but explicitly reports 0 reviews and is therefore not a review-backed anchor; the dated forum account adds uncertainty about early operations but does not justify a further current adjustment. | |||
The only direct physical-condition review read, published June 28, 2023, said the building was “beautiful” and the units “nice,” but also reported that “a lot of units [were] under construction” and the bike room was unfinished; this is historical move-in evidence, not a current 2026 condition report. RentCafe publishes a 3.5/5 maintenance sub-score from 11 reviews, while public building records show signed-off structural, plumbing, mechanical/HVAC and sprinkler work and later listed HPD violations, so the present condition remains somewhat uncertain. | RentCafe’s 11-review aggregate is middling: overall 3.0/5, with amenities 3.0, noise 2.5, staff 3.0, maintenance 3.5, value 2.5 and parking 2.5. The only individual resident-style account read praised the building as “beautiful” and units as “nice,” but described unfinished common areas during the June 2023 move-in period and reported a $1,500 annual amenities charge; because that account is old relative to October 11, 2026, it does not establish that the issue remains current. | ||
| The Prewar at Gramercy SquareGramercy, Manhattan, New York | 5.4/ 10 | 4.0/ 10 | 6.0/ 10 |
The largest published review base located is the cluster-level 3/5 from two reviews, which converts to 6.5 under the supplied curve, but it is a weak anchor because it is not specific to 225 East 19th Street and has fewer than 10 reviews. The score is pulled down by the 2025 condo-board allegations of recurring leaks, flood damage, boiler and fire-stopping defects, plus the limited and mixed day-to-day review evidence; the allegations remain contested and are not treated as adjudicated facts. | Not found in sources: Sparse direct resident-review evidence | ||
The Prewar is described in property coverage as a converted historic building with a landscaped complex, pool, health club and full-time doorman, but those are amenity/property descriptions rather than engineering findings. More recent reporting on the Gramercy Square cluster says the condo board alleged “widespread and recurring leaks,” improperly installed boilers, inadequate fire stopping, cracked window panes and defective wood floors; an inspection commissioned by the board allegedly found deviations posing “life safety issues.” These allegations were disputed: Clipper Equity’s David Bistricer said the sponsor team was working with the condominium to understand and remediate issues. | Published property material highlights an 18,000-square-foot Gramercy Club, a 75-foot pool, fitness facilities, gardens and a full-time doorman. The resident-oriented Openigloo extract describes the building as “well-reviewed and well-maintained” and quotes a tenant praising “great doormen,” cleanliness and responsiveness, while criticizing sauna and pool hours; separately, the cluster listing records 3/5 from two reviews, including “Most entitled building I have been to.” Direct day-to-day evidence is therefore thin and partly cluster-level rather than specific to The Prewar. | ||
| Prospect HouseCrown Heights, Brooklyn, New York240 units | 5.0/ 10 | —/ 10 | —/ 10 |
No applicable platform aggregate rating was located, so the score rests only on four forum posts read as written review evidence. One was positive, two negative, and one mixed; because this is a small, early lease-up sample rather than an established resident-rating record, the result is held near the middle and should be treated as low confidence. | |||
No published engineering, systems, or resident maintenance rating was found. The only physical-condition observation in the reviewed forum material was a September 2025 tour report that “part of the building is unfinished” and that the elevators still had move-in lining; this was early move-in evidence, not a current completion finding as of October 11, 2026. | The available forum feedback describes an attractive new building and a gym that some considered impressive, although one group called the gym “tight.” Other comments criticized small bedrooms or an awkward studio layout, and multiple applicants described delayed responses, including “a lot of weeks of silence”; these are early lease-up observations rather than a mature resident-review record. | ||
| Tower 77Greenpoint, Brooklyn, New York766 units | 4.7/ 10 | 4.1/ 10 | 4.1/ 10 |
The 3.2/5 Google aggregate from 48 reviews is the largest published review base and converts to approximately 4.6/10 on the specified curve. Repeated reports of flooding, leaks, unfinished facilities and management problems materially reduce that level, although multiple reviews praise staff, cleanliness and maintenance responsiveness; the evidence is therefore strongly mixed and the resulting resident score is 4.1/10. | |||
Published resident feedback includes serious water-related reports: one reviewer said a pipe burst and “the whole building was flooded,” with water entering walls, carpet and flooring and signs of mold. Another reported a week-long toilet leak requiring hotel stays, while a separate account described a poorly installed bathtub where water pools; countervailing reviews call the apartments modern and well put together and say small maintenance requests were handled quickly. | Day-to-day reviews praise staff as “wonderful,” “professional, friendly, approachable,” and say the gym and common areas were clean; another resident described management as helpful and quick to respond. The negative accounts are substantial, including a reported unresolved $6,500 deposit, repeated postponement of amenities, no functioning garage, and a resident saying management was “gaslighting” them during a leak. |
Chetrit Group and Clipper Equity jointly created the Gramercy Square condo village on the former Cabrini Medical Center site with Read Property Group.
Bank Hapoalim provided $120 million for Bedford Square.
Manhattan Management Realty was named general contractor for Clipper Equity’s 354-unit Flatbush project.
SCALE Lending issued a $140 million construction loan for the 354-unit Flatbush multifamily project.
The team of the Chetrit Group, Clipper Equity and the Read Property Group are creating a sort of condo village
The team of the Chetrit Group, Clipper Equity and the Read Property Group are creating a sort of condo village
The team of the Chetrit Group, Clipper Equity and the Read Property Group are creating a sort of condo village on the site of the Cabrini Medical Center
the 877-unit Bedford Square for which it received $120 million from Bank Hapoalim
received $120 million from Bank Hapoalim
the 877-unit Bedford Square for which it received $120 million from Bank Hapoalim
Manhattan Management Realty will serve as the general contractor for the project
Manhattan Management Realty will serve as the general contractor for the project
Manhattan Management Realty will serve as the general contractor for the project
SCALE Lending has issued a $140 million construction loan for Clipper Equity’s ... 354-unit multifamily project
SCALE Lending has issued a $140 million construction loan for Clipper Equity’s ... project
SCALE Lending has issued a $140 million construction loan for Clipper Equity’s seven-story, 354-unit multifamily project
| COMPANY NUMBER | 3414178 New York Department of State · US · Active |
| United States | active 8 projects tracked |
| Residential, for rent | 5 of 8 |
| Retail | 3 of 8 |
| Residential, for sale | 3 of 8 |
The best pieces of advice he ever gave me were to never make the same mistake twice and to be an expert about the market you invest in.Livabl https://www.livabl.com/articles/archives/buzz-talk-david-bistricer-clipper-equity
There are more projects to come, and we look forward to sharing in real time.Livabl https://www.livabl.com/articles/archives/buzz-talk-david-bistricer-clipper-equity
David Bistricer | 76 | Co-Chairman of the Board, Chief Executive Officer
He served as Co-Chairman of the board of directors of Coleman Cable Inc. from January 1999 through February 2011. He was previously Co-Chairman of Riblet Products Corporation from January 1987 until its merger with the Coleman Cable Inc. in 2000. Mr. Bistricer has also been the managing member of Berkshire Capital LLC and Morgan Capital
The best pieces of advice he ever gave me were to never make the same mistake twice and to be an expert about the market you invest in.
There are more projects to come, and we look forward to sharing in real time.
David Bistricer has served as the Chief Executive Officer of the Company since August 2015
has been the managing member of Clipper Equity LLC (“Clipper Equity”) for more than 10 years. From January 1999 through February 2011, he served as Co-Chairman of the Board of Directors of Coleman Cable, Inc. ... He was previously Co-Chairman of the Board of Directors of Riblet Products Corporation
David Bistricer | 76 | Co-Chairman of the Board, Chief Executive Officer
has been the managing member of Clipper Equity LLC (“Clipper Equity”) for more than 10 years.
David Bistricer | 76 | Co-Chairman of the Board, Chief Executive Officer
Sam Levinson | 52 | Co-Chairman of the Board, Chairman of the Investment Committee
Mr. Levinson also served as a non-executive director of: Songbird Estates, Canary Wharf Group’s holding company, from 2004 to 2015; American European Group Insurance Company since 2006; and Dynasty Financial Partners, LLC ... since 2011.
Mr. Levinson also served as a non-executive director of: Songbird Estates, Canary Wharf Group’s holding company, from 2004 to 2015; American European Group Insurance Company since 2006; and Dynasty Financial Partners, LLC ... since 2011.
Sam Levinson is the Chief Investment Officer at Glick Family Investments
Sam Levinson | 52 | Co-Chairman of the Board, Chairman of the Investment Committee | 2015
Sam Levinson is the Chief Investment Officer at Glick Family Investments ... He was a member of the Board of Directors of Stonegate Mortgage Corporation ... Mr. Levinson served as a director of Canary Wharf Group
Sam Levinson | 52 | Co-Chairman of the Board, Chairman of the Investment Committee
Sam Levinson | 52 | Co-Chairman of the Board, Chairman of the Investment Committee
Sam Levinson | 52 | Co-Chairman of the Board, Chairman of the Investment Committee
J.J. Bistricer | 45 | Chief Operating Officer
Mr. Bistricer has been an officer of Clipper Equity since 2006.
with direct responsibility for acquisitions, dispositions, leasing, property development and property operations ... Mr. Bistricer currently operates approximately 7,000 residential units across multiple companies.
J.J. Bistricer | 45 | Chief Operating Officer
J.J. Bistricer | 45 | Chief Operating Officer
Jacob Schwimmer | 55 | Chief Property Management Officer
Jacob Schwimmer has, since August 2015, served as Chief Property Management Officer of the Company
Each of Sam Levinson, our Co-Chairman and the Head of our Investment Committee, and Jacob Schwimmer, our Chief Property Management Officer, have ownership interests in Clipper Equity. ... since 1992, been actively involved in managing, developing and investing in residential and commercial real estate properties
Jacob Schwimmer | 55 | Chief Property Management Officer
Jacob Schwimmer | 55 | Chief Property Management Officer
### Business Administration, Finance at [University of Vermont]
### Business Administration, Finance at [University of Vermont]
# David Occhipinti
# David Occhipinti
### Associate - [Hanover Street Capital] ... ### Analyst - [Lee & Associates Commercial Real Estate Services]
Director of Development (Current) Jan 2024 - Present
#### Senior Associate (Current) ... ### Associate - [Hanover Street Capital] ... ### Analyst - [Lee & Associates Commercial Real Estate Services]
#### Director of Development (Current)
#### Director of Development (Current)
### Bachelors of Science, Accounting at [Long Island University]
### Bachelors of Science, Accounting at [Long Island University]
# Jay Schieber
# Jay Schieber
### Chief Financial Officer - [CAIOLA Real Estate Group] ... ### Accounting Manager - [MORDFIN GROUP]
Director of Finance - [Clipper Equity] (Current) Sep 2023 - Present
### Chief Financial Officer - [CAIOLA Real Estate Group] ... ### Accounting Manager - [MORDFIN GROUP]
### Director of Finance - [Clipper Equity] (Current)
### Director of Finance - [Clipper Equity] (Current)
0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.
| Project | Location | Type | Units | Floors | Area | Cost | Payment plan | Launched | Construction start | Original target | Handover | Delay | Confidence | Status |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Prospect House | New York, United States Crown Heights, Brooklyn | residential for rent, retail | 2401 | 9 | 164,763 sq ft | — | — | — | — | Jun 2025 – Aug 2025 | May 2025 | −2.0 mo (−3.0 to −1.0) | estimated | completed |
| Casa Hope | New York, United States Williamsburg, Brooklyn | residential for rent, retail | 1431 | 7 | — | — | — | — | — | — | Jan 2023 – Dec 2023 | — | not scorable | completed |
| Pacific House | New York, United States Brooklyn | residential for rent | — | — | — | — | — | — | — | Jan 2023 – Dec 2023 | Jan 2023 – Dec 2023 | 0.0 mo (−11.0 to +11.0) | sourced | completed |
| Tower 77 | New York, United States Greenpoint, Brooklyn | residential for rent, retail | 7661 | — | 799,000 sq ft | — | — | — | — | May 2022 | Jan 2023 – Dec 2023 | +13.5 mo (+8.0 to +19.0) | sourced | completed |
| The Boutique at Gramercy Square | New York, United States Gramercy, Manhattan | residential for sale | — | — | — | — | 10% / 10% / 80%1 | 2015 | this month | Oct 2015 – Dec 2015 | Jan 2018 – Dec 2018 | +31.5 mo (+25.0 to +38.0) | sourced | completed |
| The Modern at Gramercy Square | New York, United States Gramercy, Manhattan | residential for sale | — | — | — | — | 10%/10%/80%1 | — | — | — | Jan 2018 – Dec 2018 | — | not scorable | completed |
| The Prewar at Gramercy Square | New York, United States Gramercy, Manhattan | residential for sale | — | — | — | — | 10% / 10% / 80%1 | 2016 | Sep 20, 2016 | Jan 2016 – Dec 2016 | Jan 2018 – Dec 2018 | +24.0 mo (+13.0 to +35.0) | sourced | completed |
| Parkside BK (Phase II) | New York, United States Prospect-Lefferts Gardens, Brooklyn | residential for rent | — | 8 | — | — | — | 2016 | September 2016 | Oct 2016 | Jan 2017 – Dec 2017 | +8.5 mo (+3.0 to +14.0) | sourced | completed |
| Coverage | active |
| Tracked since | October 10, 2026 |
| Last checked | October 11, 2026 this month |
| Profile last researched | October 11, 2026 |
| Claim |