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 (

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