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Helping formerly homeless NYers sent out of the city, building sales slump, & more

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Mayor de Blasio's administration is creating a hotline for formerly homeless New Yorkers who have been shunted to substandard housing outside of the city (Politico)

According to a new PropertyClub report, $250,000 only gets you 184 square feet in NYC, where the average price per square foot is $1,356 (press release)

Tenants of two Yorkville public housing complexes are suing NYCHA for better living conditions (The City)

Sales of multi-family buildings have dropped by half year-to-date in the wake of the new rent laws, PropertyShark says (press release)

Queens officials and advocates are urging the state's Public Service Commission to reject ConEd's proposed price hikes (QNS.com)

Giorgio Armani has purchased a $17.5 million penthouse with medieval flair in Central Park West (StreetEasy Blog)