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New York Developer Clipper Says City Is Ending a Major Brooklyn Office Lease Early

Building Where Government Has Large Space Is Tied to $125 Million CMBS Loan
New York City is terminating its 342,496-square-foot lease at 250 Livingston St. in Brooklyn. (CoStar)
New York City is terminating its 342,496-square-foot lease at 250 Livingston St. in Brooklyn. (CoStar)

New York real estate investment trust Clipper Realty said the city is set to end a lease spanning 342,496 square feet at a Brooklyn mixed-use building that’s tied to a $125 million commercial mortgage-backed securities loan.

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