Job Description
Job Description
Our Vision : To make New York City the global model for inclusive innovation and economic growth, fueled by the City's diverse people and businesses.
Our Mission : Creating a vibrant, inclusive, and globally competitive economy for all New Yorkers.
Internship Program Overview : Our 2025 Summer Internship Program is a paid 10-12-week internship program, scheduled to begin on June 2, 2025.
Interns are expected to work full-time throughout the summer.
Summer interns will join an intern class consisting of undergraduate and graduate students to work on exciting projects in one of EDC's many dynamic departments.
Summer Interns will also participate in training programs, networking events, and other professional development opportunities over the course of the program.
Our Summer 2025 Internship Program application deadline is Monday, December 2. All materials must be submitted by EOD that date incomplete or late applications will not be considered.
Department Overview :
NYCEDC's Asset Management (AM) Division manages the overall strategy for conventional and non-traditional assets across all five boroughs of New York City including commercial real estate properties as well as transportation, critical infrastructure, and energy assets.
The Asset Management division pursues a double-bottom line strategy, targeting not just economic returns but also multiple social metrics including but not limited to job creation and growing equitable neighborhoods.
The overall assets are divided into multiple portfolios, each managed by an Asset Manager / SVP, with a Business Operations department that monitors and enforces standards and practices across the portfolio.
The Portfolio Management department within the Asset Management division manages the overall strategy for conventional and non-traditional assets across all five boroughs of New York City.
The portfolio includes commercial real estate properties as well as transportation, port assets, critical infrastructure, and energy assets.
As a mission-driven organization, NYCEDC targets not just economic returns but also multiple social metrics including but not limited to job creation and growing equitable neighborhoods.
The overall assets are divided into multiple portfolios. The division-wide portfolio encompasses property types including those that are standard in the real estate industry (retail, commercial, industrial), port assets (NY Cruise, rail, maritime and aviation) as well as assets particular to the public sector (public retail and wholesale markets, Broadway and non-profit theaters, and affordable industrial and commercial campuses).
In Fiscal Year 2019, the department actively managed over 220 properties and over 65 million square feet at an over 95% occupancy rate, generating more than $270 million in revenue.
The Commercial and Industrial group at NYCEDC manages a massive real estate portfolio of nearly every asset type and various stages of the real estate cycle across all five Boroughs of New York City, driving triple-bottom line targets for the organization.
Intern Responsibilities :
- Working within Commercial and Industrial portfolio on real estate assets that may span across all five Boroughs.
- Contribute to the completion of specific projects across the Commercial and Industrial Group.
- Participate in the real estate market due diligence, financial analysis, and development of Requests for Proposals and Scopes of Work for feasibility analyses.
- Support lease negotiations with tenants.
- Participate in project management, construction, and environmental remediation meetings.
- Engage with local stakeholders through task forces, community engagement, and programming.
- General exposure to NYCEDC's asset portfolio, with other tasks as needed.
- Assist the Portfolio Managers across the Commercial and Industrial Group with lease administration and other tasks, as needed.
Qualifications & 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
- 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
Salary Target : $19.00 / hour (undergraduate-level students); $24.00 / hour (graduate-level students)
For more information, visit our website at edc.nyc.
Salary Range
$19 $24 USD
About Us : New York City Economic Development Corporation is a mission-driven, nonprofit organization that works for a vibrant, inclusive, and globally competitive economy for all New Yorkers.
We take a comprehensive approach, through four main strategies : strengthen confidence in NYC as a great place to do business;
grow innovative sectors, with a focus on equity; build neighborhoods as places to live, learn, work, and play; and deliver sustainable infrastructure for communities and the city's future economy.
NYCEDC is committed to offering competitive benefits to support employee health, happiness, and work-life balance. We offer comprehensive benefits and unique perks to ensure NYCEDC employees flourish in their professional and personal lives :
- Generous employer subsidized health insurance
- Medical, dental, and pharmacy plans
- Vision and hearing benefits
- Flexible spending accounts for healthcare and dependent care
- Short term and long-term disability coverage
- 100% employer covered life insurance and supplemental life insurance coverage
- Up to 25 vacation days
- Floating Holidays and Summer Fridays
- Parental leave - up to 20 paid weeks
- Retirement savings programs
- Company-paid 401(a) defined contribution plan
- 457(b) tax-advantaged retirement savings plan
- Tuition Reimbursement program
- Continuing education and professional development
- Public Service Loan Forgiveness (PSLF) eligible employer
- College savings plan
- Backup childcare
- Gym membership discounts
- A Calm.com membership for mindfulness and mental health support
- Employee discounts through Plum Benefits, Student Loan Servicing tools, and much more
Benefits listed above may vary based on the length and nature of your employment with New York City Economic Development Corporation.
These benefits are subject to be modified at any time, at the discretion of the organization.
The New York City Economic Development Corporation is an Equal Opportunity Employer. Our Diversity, Equity, and Social Responsibility Mission is to create a People First strategy by attracting, retaining, and engaging a diverse and talented workforce.
Like the city of New York, NYCEDC knows our strength comes from each of our connected parts, making the fabric of our organization better and stronger because of our unique employees' talents.
For more information, visit our website at edc.nyc.
Asset Management Lawyer
I'm currently working with a top-tier law firm with a large & well-established team sitting in New York, Boston and Washington, DC focused on Asset Management. The team advises premier clients in a variety of industries such as asset managers, financial services firms and investment funds on registr...
Chief of Staff
The COO office includes oversight of critical functions at Bayview; Finance, HR, Investor Relations, Technology, Information Security, Operational Risk; management of CEO priorities and crisis management. Knowledge of Asset Management is ideal but not required. Bayview Asset Management is an Equal E...
Executive Assistant - Asset Management Firm - $90k-$120k + Bonus!
Executive Assistant – Asset Management. Asset Management Firm with global reach is seeking an Executive Assistant who is energetic and a team player to support a Senior Executive and a small team. Coordinate all domestic and international travel arrangements, including flights, ground transportation...
Power BI + Infor (Enterprise Asset Management) Consultant
This position will play a primary role in the sustainment of the existing Power BI solutions under the management of the Department, with a focus on availability, reliability, contract management and maintenance as needs arise. Support and develop activities related to end-to-end data lifecycle mana...
Senior Strategist, Asset Management Marketing - Segment & Communications
For Principal Asset Management positions, you'll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. Strong abilities in the areas of problem solving, project management, decision making, a...
Portfolio Management Analyst/Associate
Provide support to the Head of Portfolio Management and team, Asset Management, Investor Relations and the CEO/CFO as necessary. Track and analyze asset and fund information utilizing the group’s proprietary databases, facilitating the production of all fund-related analyses and financial reporting....
Tax Manager - Financial Services/Asset Management
Financial Services practice serves a range of clients in the asset management, capital markets, financial institutions, specialty finance and insurance industries. On this particular team, you’ll work with clients in the asset management industry with a focus on private equity funds, hedge funds and...
Asset & Wealth Management, Fixed Income, Municipal Research, Associate
As part of one of the world’s leading asset managers with over $2 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions, and building meaningful relationships with your ...
AVP Trade Operations - Asset Management
Utilize trade management systems such as DTC, Murex, Aladdin and process SWIFT and Fedwire payments. Point of contact for Product Control, Internal/External Audit,pliance. Trade Operations or Middle Office experience within an asset manager or investment bank. ...
Cyber Security Principal (Third Party Risk Management) Remote
Identify and evaluate complex business and technology risks, internal control risk management, IT controls and related standards. Consideration will be given for equivalent combined experience in an IT, Risk Management or technology management capacity. Conexess Group is aiding a large healthcare cl...