David Bistricer (born August 10, 1949) is a New York-based real estate developer and the founder and principal of Clipper Equity.
[1][3] His mother was a prisoner at the Bergen-Belsen concentration camp in Germany during World War II while his father hid from the Nazis in Budapest.
[1] In 1987, in his first large transaction, Bistricer partnered with real estate investor Jacob Schwimmer and purchased a four-tower, 960 apartment complex at 101 Wadsworth Avenue in Washington Heights for $11 million.
[1] In 2013, in his largest transaction to date, Bistricer and his partner Joseph Chetrit, purchased the Sony Tower in New York City for $1.1 billion, intending to convert the building into condominiums.
[11][12] They halted the project in 2016 due to fears of an over-supply of luxury housing, instead selling the building for $1.4B to the Olayan Group of Saudi Arabia.