Tuesday 1 January 2019

Meet the little Williamsburg building that’s home to over 1,000 LLCs

At first glance it seems like one nondescript building among scores in South Williamsburg, a three-story brown-brick property housing a small retail store and a couple of apartments above. But in Hasidic real estate circles, the 3,500-square-foot structure at 199 Lee Avenue is legendary. Hundreds of landlords from the Orthodox community, who collectively own thousands of apartments in Brooklyn’s fastest-growing neighborhoods, have mailboxes there. Every month, these mailboxes are used to collect rent checks and help […]



source https://therealdeal.com/2016/02/09/meet-the-little-williamsburg-building-thats-home-to-over-1000-llcs/#new_tab

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