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The loft conversions were more profitable to the landlords than industrial use. [1] By 1977, the New York City Department of City Planning found that 91.5 percent of the conversions were illegal [2] and 44.9 percent of those lofts were occupied by heads of households who were artists. [3]
Glenwood Management is a New York City private, multi-generational real estate developer, owner, and management company focusing on multifamily apartment rentals. The company was incorporated in 1961 by father and son, Harry and Leonard Litwin.
In US usage, a loft is an upper room or storey in a building, mainly in a barn, directly under the roof, used for storage (as in most private houses).In this sense it is roughly synonymous with attic, the major difference being that an attic typically constitutes an entire floor of the building, while a loft covers only a few rooms, leaving one or more sides open to the lower floor.
55 Broad Street is a 30-story building at Broad Street and Beaver Street in the Financial District of Manhattan in New York City, United States. It adjoins 15 William , a skyscraper to the east. The building was constructed from 1964 to 1967, and initially operated as the headquarters of the trading firm Goldman Sachs from 1967 to 1983.
The law was administered by the New York City Loft Board. The 1982 Loft Law should not be confused with the artists' loft law, Article 7-b of the New York State Multiple Dwelling Law nor with rent control legislation, which limits the ability of landlords to increase the rent of certain long-term tenants. The artists' loft law requires that the ...
A New York Times article in 2008 said that each building contained "perhaps 300 people", most of whom were in their twenties or younger. The lofts each contained up to eight people, with monthly rents varying between $375 and $800. [6] On July 19, 2011, FBI agents raided 255 McKibbin Apt 510 looking for members of vigilante group Anonymous.
The BellTel Lofts (formerly the New York Telephone Company Building, 101 Willoughby Street, and 7 MetroTech Center) is a mostly residential building at 101 Willoughby Street and 365 Bridge Street in the Downtown Brooklyn neighborhood of New York City.
The Alloy Block is an under-construction mixed-use development in Boerum Hill, Brooklyn, New York City, near Downtown Brooklyn.The first building at 505 State Street is 482 feet (147 m) high and contains 441 residential units and a retail base.
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