Ok before we have you overhauling the whole bike and doing an overbore and fresh valves and guides...
Lets go back a bit.
You need 2 things for the bike to run, Spark and gas.
A long time ago, you had spark- but you have since messed with the points. Frankly, I wish you had not removed the points. SOOOO... lets go way back there and pull the plugs and check for spark. If no spark, we have to go back to the electrics.
If we have spark, get some starter fluid. IF possible look for started fluid for diesel or 2 stroke engines. (these have a bit of lube in them)
Now with the air boots removed, (so you can see the open mouths of the carbs) spray a bit of starting fluid into the carbs and crank it over. You should have the engine run a little. (it will run on the starting fluid but won't run on gas)
I recommend this for a couple of reasons. First we are confirming the plugs will fire under compression. If it doesn't fire with starter fluid, most likely the spark is "leaking" some where else. In other words the spark is finding and easier way to get to ground- a cracked wire, or possibly the spark is jumping to ground up at the coil. Second if we get running but there is a bunch of back firing and bad noises, we most likely have some timing problems,maybe a cam timing problem, or even plug wire mixed up (wire should be simple as the outside cylinders are fired by one coil and the inside are fired by the other.
The gas leaking out the carb is caused by the little pin that is connected to the float. with bikes that have sat for a time, that seat is often gummed up and wouldn't seal. Once those are cleaned (I use a q tip) then the next reason would be the float level is set to high. I don't know this exact carb, but on most this is just a little tab between the float that pushes up on the pin. You can see this if you have the float bowls off and turn on the gas Gas will flow until you push the float up. when the float is about level it SHOULD stop the gas flowing.
Just wondering out load... do they have storage units around you? A storage unit can make a great motorcycle work shop for someone that has no garage, but I'm guessing that may no be an option in NYC. Around here you can't swing a cat by the tail without hitting a storage unit (BMFG)