NYCEDC stimulates economic growth throughout New York City by encouraging and facilitating real estate development.  We utilize real estate to generate the maximum benefit for the City and its residents.

NYCEDC is responsible for the sale or lease of City-owned property for economic development purposes, specifically to create jobs and generate revenue.  We believe capitalizing on under-utilized City owned property is one of the best ways to catalyze area-wide development.

Since 2000, NYCEDC has garnered more that $1.7 billion in private sector investment and created more than 12,000 permanent jobs on the sale vacant sites throughout New York City.

NYCEDC Land Disposition Process
Learn more about the process NYCEDC follows when selling or leasing city-owned property.

Real Estate FAQs
Explore our responses to some of the frequently asked real estate questions we get at NYCEDC.

Development Notice Sign-Up
Sign up to receive notices about upcoming NYCEDC real estate development opportunities.

Learn more about some of the real estate projects we have completed around the city.

Ares Printing & Packaging
In November 2004, NYCEDC announced the sale of 175,000 square feet of underutilized land in College Point Corporate Park to Ares Printing & Packaging.

Pepsi
In March 2006, NYCEDC and Pepsi announced plans for a new distribution facility on a formerly vacant, City-owned property in the Zerega Industrial Business Zone.

Bricktown Centre at Charleston
In February 2005, EDC closed on the sale of a 42-acre site to develop a retail destination in Staten Island called Bricktown Centre at Charleston.

Harlem Auto Mall
In March 2006, the Harlem Auto Mall, a multi-dealer auto mall in East Harlem opened.

East New York Industrial Business Zone
In March 2006, Brass Masters Imports broke ground for a 33,000 square-foot facility in the East New York Industrial Business Zone.