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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]
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.
[205] [206] [207] The New York City government also proposed adding a film studio in Industry City in August 2018. [208] During the early 2020s, Industry City gained additional tenants including New York University's Martin Scorsese Virtual Production Center, [209] a 100-seat theater, [210] and several design firms. [211]
2013 Loft Law Amendment Status: In force Article 7-C of the New York Multiple Dwelling Law , commonly known as the 1982 Loft Law , was designed to protect the residential tenants of certain former commercial buildings in New York City from substandard conditions, eviction, and unfair rent increases.
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 El Dorado Apartments (also spelled Eldorado) is at 300 Central Park West in the Upper West Side neighborhood of Manhattan in New York City. [3] The building occupies the western sidewalk of Central Park West (formerly Eighth Avenue [ 4 ] ) between 90th Street to the south and 91st Street to the north. [ 3 ]
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