Entertaining in Small Spaces

I recently moved into a cozy apartment here in New York, and my four roommates (yes, four!) and I feel that our apartment is finally ready to show off to our friends.

The five of us know each other through a long string of "friends of friends" that no one can quite figure out, which means our guest list includes a host of different groups. While we all certainly have a "more the merrier" attitude, it's become clear that we have one small (er, large?) problem: While we do have a spacious loft, we simply might not have quite enough square footage to accommodate the crowd we are expecting.