Exhibit 99.1 Clipper Realty Inc. Announces First Quarter 2024 Results NEW YORK, May 7, 2024 /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 financial and operating results for the three months ended March 31, 2024. Highlights for the Three Months Ended March 31, 2024 ● Record quarterly revenues of $35.8 million for the first quarter of 2024 ● Quarterly inc ...