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Summer Intern, Real Estate Transaction Services

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New York City Economic Development Corporation

2mo ago

  • Internship
    Full-time
    Summer Internship
  • Real Estate & Property
    Business, Operations & Strategy
  • New York
  • Quick Apply

AI generated summary

  • You must be a current student or recent graduate in real estate, finance, urban planning, or related fields, with strong skills in Excel, PowerPoint, and Word, and a passion for NYCEDC's mission.
  • You will build financial models, support real estate transactions, draft contract materials, analyze project feasibility, manage proposals, and communicate with various stakeholders.

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
  • 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

  • Build and maintain detailed financial models of major New York City development projects
  • Support teams administering multiple real estate and/or economic development transactions
  • Draft materials to support negotiations of contracts of sale, leases, and funding agreements
  • Prepare site development and project feasibility analyses
  • Support project teams in managing requests for proposals
  • 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

FAQs

What is the application deadline for the Summer Intern position in Real Estate Transaction Services?

The application deadline is Monday, December 2, 2024, and all materials must be submitted by the end of the day on that date.

What is the duration of the internship program?

The internship program is a paid 10-12 week program, scheduled to begin on June 2, 2025.

What are the working hours for the Summer Intern position?

Interns are expected to work full-time, Monday through Friday, from 9 AM to 5 PM.

What types of projects will interns work on?

Interns will work on exciting projects related to real estate development, public-private partnerships, financial analysis, and economic development transactions.

What is the salary range for the Summer Intern position?

The salary is targeted at $19.00/hour for undergraduate-level students and $24.00/hour for graduate-level students.

What qualifications are required to apply for the internship?

Candidates must be enrolled in an undergraduate or graduate degree program in fields such as real estate, finance, urban planning, business, or government, and must demonstrate enthusiasm for NYCEDC's mission, along with strong analytical and communication skills.

Are there opportunities for professional development during the internship?

Yes, interns will participate in training programs, networking events, and other professional development opportunities throughout the program.

Is this internship position open to recent graduates?

Yes, recent graduates are also encouraged to apply for the internship position.

What types of skills are preferred for applicants?

Preferred skills include proficiency in financial modeling, database and presentation tools (such as Excel, PowerPoint, and Word), strong written and verbal communication, and the ability to work collaboratively in cross-functional teams.

What benefits are offered to employees at NYCEDC?

NYCEDC offers comprehensive benefits, including health insurance, paid vacation days, parental leave, retirement savings programs, tuition reimbursement, and opportunities for professional development.

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New York City Economic Development Corporation

Building strong neighborhoods. Creating good jobs.

Government
Industry
201-500
Employees
1991
Founded Year

Mission & Purpose

New York City Economic Development Corporation is a mission-driven, nonprofit organisation 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 neighbourhoods as places to live, learn, work, and play; and deliver sustainable infrastructure for communities and the city's future economy.