Summer Intern, Asset Management – Commercial & Industrial at New York City Economic Development Corporation

New York, New York, United States

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Not SpecifiedCompensation

InternshipExperience Level

InternshipJob Type

UnknownVisa

Real Estate, Economic Development, Asset ManagementIndustries

Requirements

Preferred field(s) of study: Real Estate, Urban Planning, or a related field
Must be enrolled in an undergraduate or graduate degree program; recent graduates are also encouraged to apply
Demonstrated enthusiasm for the mission of NYCEDC
Demonstrated written, verbal, and analytical skills
Demonstrated experience in using database and presentation tools, including Excel, PowerPoint, and Word

Responsibilities

Working within Commercial and Industrial South portfolio on real estate assets that span across Brooklyn, Queens, and Staten Island
Assist in market research, due diligence, and financial analysis for active and prospective projects
Assist in drafting Request for Proposals (RFPs), Scopes of Work, and feasibility analyses for leasing and development opportunities
Contribute to financial modeling and valuation of active assets and development opportunities
Prepare briefing materials, presentations, and memos for internal and external stakeholders
Support lease negotiations and the preparation of related documents and analyses
Participate in project management, construction, and environmental remediation meetings
Engage with local stakeholders through task forces, community engagement initiatives, and public programming
Assist Portfolio Managers with lease administration, compliance tracking, and portfolio performance monitoring
Provide general support to the Commercial and Industrial South team on cross-departmental initiatives and special projects as needed

Skills

Asset Management

Commercial Real Estate

Industrial Properties

Portfolio Management

Real Estate Development

Triple Bottom Line

Job Creation

Sustainable Practices

New York City Economic Development Corporation

Supports community development and job creation

About New York City Economic Development Corporation

New York City Economic Development Corporation focuses on enhancing the economic landscape of New York City by collaborating with local communities. The organization implements various initiatives aimed at developing industries and businesses, which in turn helps to create quality job opportunities. Their approach includes offering training and skill-building programs to equip residents with the necessary tools for employment. Additionally, they invest in essential infrastructure to support these efforts. Unlike other organizations, their mission is specifically centered on community engagement and public investment, ensuring that the benefits of economic development are felt at the neighborhood level. The ultimate goal is to foster strong, vibrant communities through sustainable economic growth.

New York City, New YorkHeadquarters

1991Year Founded

VENTURE_UNKNOWNCompany Stage

Government & Public Sector, Social ImpactIndustries

501-1,000Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

Parental Leave

401(k) Retirement Plan

401(k) Company Match

Tuition Reimbursement

Professional Development Budget

Wellness Program

Gym Membership

Backup childcare

Flexible Work Hours

Employee Discounts

Risks

Competition from cities like Los Angeles could attract businesses away from NYC.

Maintaining long-term partnerships is challenging, as seen in delayed projects.

Rising demand for tech talent may increase costs for NYCEDC's initiatives.

Differentiation

NYCEDC partners with NYU-led incubators to foster innovation since 2009.

The Pilots at BAT program integrates climate innovation into urban development projects.

NYCEDC collaborates with OpenAI to enhance NYC's AI startup ecosystem.

Upsides

Digital game design incubators attract tech talent and foster innovation in NYC.

Partnership with OpenAI positions NYC as a hub for AI startups.

Atlantic Aviation's agreement extension boosts eco-friendly transportation initiatives.

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