Summer Intern, Real Estate Transaction Services 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 DevelopmentIndustries

Requirements

Preferred field(s) of study: real estate, finance, urban planning, business, government
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; preference for proficiency in discounted cash flows, pro formas, and project economics
Detail-oriented and organized, with the ability to multi-task and manage deadlines
Ability to work in collaborative, cross-functional teams
Ability to work full-time, Monday-Friday 9AM-5PM and complete the entirety of the 10-week program

Responsibilities

Support project management for multiple large-scale transactions, including the coordination of timelines, workflows, internal and external meetings, presentations, issues lists, and key project documents
Assist with activities for competitive site dispositions, including drafting requests for proposals (RFPs), overseeing site tours, info sessions, and Q&As, and analyzing responses
Build and maintain detailed financial models of major New York City development projects
Draft materials to support negotiating term sheets, contracts of sale, ground leases, pre-development agreements and other agreements
Collaborate with colleagues in other divisions in NYCEDC, such as Legal, Planning, and Government & Community Relations
Manage professional communications with real estate developers, attorneys, consultants, and staff from City agencies

Skills

Project Management

Financial Modeling

RFP Drafting

Real Estate Transactions

Excel

Contract Drafting

Site Tours

Q&A Management

Term Sheets

Ground Leases

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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