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The Loft was the location for the first underground dance party (called "Love Saves the Day") organized by David Mancuso, on February 14, 1970, in New York City.Since then, the term "The Loft" has come to represent Mancuso's own version of a non-commercial party where no alcohol, food, nor beverages are sold.
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.
In 2009 the Loft Board was merged into New York City Department of Buildings. [14] That same year the scope of the law increased with the 2009 Loft Law Amendment that expanded the loft law's coverage to neighborhoods outside of Manhattan such as Williamsburg, Bushwick, and Long Island City. [15]
The median asking rent in the city — including all five boroughs — hit $3,575, ... This 54-square-foot studio without bathroom or kitchen rented for nearly $1,300 in Manhattan.
The 'Owning Manhattan' star shared with PEOPLE the 'key' to her multi-million dollar sale of influencer Alfonso Cobo's Tribeca loft in New York City
Since NoHo is primarily made up of loft apartments, this in turn makes it one of the most expensive and desirable neighborhoods in Manhattan. Its small size and central location also contributes to a high demand, again keeping prices high. [1] In 2014, a one-bedroom loft could rent at an average monthly rate of US$4,000. [13]
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