I’m going by nj new construction prices. 3-5 story buildings capable of housing roughly 3000 recently sold for 75mn. Was built for 40mn before being sold. Obviously is the government put that “lock homeless people up” money into construction... we could easily solve the problem.
Nj and less than 10 miles away from New York City so very close to the city.
Edit:
Actually 3k
But it was a luxury construction as most new constructions are. I’m sure it could be easily made to accommodate twice as many if not for that.