Clipper realty inc. reaches agreement with new york city on 40-year real property tax exemption for flatbush gardens property

New york--(business wire)--clipper realty inc. (nyse: clpr) (the “company”), a leading owner and operator of multifamily residential and commercial properties in the new york metropolitan area, today announced a 40-year regulatory agreement between its 2,500-unit flatbush gardens property and the new york city department of housing preservation and development (“hpd”) under article xi of the private housing finance law. for the term of this agreement, the project will receive a full abatement o.
CLPR Ratings Summary
CLPR Quant Ranking