**_Gangs of New York… in the late ’80s_** Shot in the dead of summer, 1988, this is an urban drama/thriller that comes in the tradition of “The Warriors,” “Delirium” (1979), “Rumble Fish” and “Certain Fury,” but it’s the least of ’em. On the positive side, it has the most action of these movies and Jeff Fahey (from “Psycho III”) makes for a great protagonist. Plus, you can’t go wrong with Sherilyn Fenn, one of the most beautiful women of the ’80s, as observed in “The Wraith” and “Two Moon Junction”; unfortunately, her presence isn’t milked for anything near what it’s worth (not talkin’ ’bout sleaze). The first half suggests a possible hidden gem, but the dramatics are ultimately shallow and much ado about nothing. So, you’re not pulled into the story, which isn’t helped by hammy bits influenced by “The Warriors.” This is less surreal and more gritty-realistic than that iconic film, but the script needed another run through the typewriter to flesh out depth and interest. It runs 1 hour, 40 minutes, and was shot in Hoboken, New Jersey, which is located across the Hudson River from Manhattan. GRADE: C+