I'm not an expert on anything, but i've heard good things about both law schools. If it were my decision, i would go to NYLS just because it's location (I'm from NYC) seems centrally located for everything, including job searching. There are just different things that everyone takes into account when choosing a school. for me my list, in order of importance was:
MOney: How much scholarship, how long will i be repaying. I'm actually attending a lower ranked(T2/T3) school even though i was accepted into a upper T2.
Law school rep: self explanatory.
Campus: I never attended a school with any kind of campus, so it was something i wanted (for many people, this is not a consideration)
Location: I really wanted someplace nice and warm, so i could relax and not have to worry about freezing my ass off in the winter.
Now someone may look at that list and scoff, others may have felt the same way as i did, but i think you have to make up your own list as to what is really important to you. Neither Hofstra nor NYLS is highliy ranked, an they are both technically NYC schools, so that is even. I don't know what the job prospects are for both, but i would susspect that NYLS has better numbers on paper (not always the facts though).
Like i said, if i had to make the choice, i would do NYLS. I think ppl can do well coming from there at the top of their class.