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Clipper Equity Buys Harlem Development Site From Durst for $50M

Summary by Commercial Observer
David Bistricer’s Clipper Equity will pay more than $50 million for a roughly 36,000-square-foot vacant plot of land in Harlem. Clipper has purchased the long-delayed development site at 1800 Park Avenue — which could accommodate more than 680,000 buildable square feet — from the Durst Organization, The Real Deal reported. Bob Knakal’s BKREA brokered the deal. Durst declined to comment, while Knakal and a spokesperson for Clipper did not immedia…
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Commercial Observer broke the news in on Wednesday, May 28, 2025.
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