Tuition Fee
Not Available
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Duration
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Details
Program Details
Degree
Courses
Course Language
English
About Program
Program Overview
Real Estate (REAL1-UC)
The Real Estate program at New York University offers a comprehensive curriculum that covers various aspects of the real estate industry. The program is designed to provide students with a thorough understanding of the principles, practices, and trends in real estate.
Course Offerings
The program includes a range of courses that cover topics such as:
- Real Estate Principles
- Real Estate Law
- Real Estate Finance
- Real Estate Valuation
- Real Estate Development
- Real Estate Accounting and Taxation
- Market Analysis in Real Estate
- Real Estate and Sustainability
- Commercial Lease Analysis
- Affordable and Sustainable Housing
- Managing Construction Organizations
- Real Estate Portfolio Management
- Comparative Real Estate Markets in a Global Perspective
- NYC: The Future Metropolis
- Independent Study: Real Estate
- Internship: Real Estate
- Special Topics in Real Estate
- Senior Project Seminar: Real Estate
- Senior Project Internship: Real Estate
Course Descriptions
- REAL1-UC 1001: Real Estate Principles: This course introduces students to the terminology, concepts, and basic practices of real estate. It surveys real estate law, appraisal, marketing, sustainable real estate development, brokerage, management, finance, investment analysis, and taxation.
- REAL1-UC 1002: Real Estate Law: This course reviews the legal issues that arise in real estate, including the basic principles and instruments of real property law, site acquisition, land-use regulation, financial instruments, leases, property disposition, and business organizations.
- REAL1-UC 1005: Real Estate Finance: This course investigates the institutions, instruments, and structures by which investment in real estate is financed. It reviews capital markets, the sources and uses of real estate funds, and the role of government in real estate finance.
- REAL1-UC 1009: Real Estate Valuation: This course introduces real estate valuation concepts and terms and their applications. Topics include valuation foundations, property inspections, site analysis, and approaches to cost, income, and sales comparison.
- REAL1-UC 1010: Real Estate Development: This course provides an overview of the methods and procedures utilized in development from inception to completion. Students study key aspects of the real estate development process, including initial planning and visioning, project feasibility and decision making, entering into partnerships and structuring project financing, design, entitlement and approvals, site acquisition, construction management, project completion, and leasing and asset management.
- REAL1-UC 1012: Real Estate Accounting and Taxation: This course reviews accounting concepts, rules, regulations, and reporting requirements applied to income-producing properties and the accounting. It also offers the tax tools needed to understand the financial statements and positions of real estate investments.
- REAL1-UC 1015: Market Analysis in Real Estate: This course examines the measurement of demand for real estate products or for a particular project in a specific neighborhood or market. It studies the effect on specific markets of national, regional, and local factors, including economic change, social attitudes, sustainable urban planning, changing laws and legal interpretations, and changes in individual attitudes.
- REAL1-UC 1020: Real Estate and Sustainability: This course examines how sustainability is transforming the real estate industry with regard to urban planning, the construction of new buildings, the retrofitting of existing buildings, and various institutional practices and operations within buildings.
- REAL1-UC 1025: Commercial Lease Analysis: This course analyzes the various lease clauses and the cash flow implications of these clauses. It examines the long-term implications of taxes, operating escalations, electricity clauses, loss factors, leasehold improvement costs, and mortgages.
- REAL1-UC 1030: Affordable and Sustainable Housing: This course explores affordable and sustainable housing from a historical and global perspective. Topics include the various causes of affordable housing crises, innovative affordable housing initiatives, environmental racism and discriminatory housing policies, non-profit and government funding sources for affordable housing in NYC, transit-oriented development (TOD), affordable housing and green spaces, and collaboration between architects, engineers, real estate developers, environmental activists, and policymakers to facilitate the design and construction of affordable and sustainable housing projects.
- REAL1-UC 1033: Managing Construction Organizations: This course offers a thorough introduction to organizing and managing the major components of a construction business with an emphasis on cost and project management systems.
- REAL1-UC 1040: Real Estate Portfolio Management: This course provides an understanding of the concept of portfolio management and the importance of diversification in controlling portfolio risk. It discusses portfolio theory and asset-pricing models to value and select from alternative investments.
- REAL1-UC 1045: Comparative Real Estate Markets in a Global Perspective: This course compares and contrasts urban and rural real estate markets in key international markets in Asia, Europe, and Latin America.
- REAL1-UC 1050: NYC: The Future Metropolis: This course explores green building design and real estate development within the context of new urban planning trends in NYC and the reinvention of the city in the twenty-first century.
- REAL1-UC 1971: Independent Study: Real Estate: Students conduct an independent investigation of selected topics outside the boundaries of the classroom.
- REAL1-UC 7942: Internship: Real Estate: Real Estate students may undertake an internship early in their academic career which can be 2 to 4 credits.
- REAL1-UC 7990: Special Topics in Real Estate: This course offers intensive study of specific topics in Real Estate focusing on different themes each semester.
- REAL1-UC 7991: Senior Project Seminar: Real Estate: The seminar allows students to develop a project under the guidance of a faculty mentor.
- REAL1-UC 7992: Senior Project Internship: Real Estate: The internship provides an opportunity for students to use knowledge gained in their major combined with the knowledge provided by professionals in a variety of industry settings.
Grading and Repeatable Credits
- Grading: UC SPS Graded
- Repeatable for additional credit: Yes/No (varies by course)
Prerequisites
- REAL1-UC 1001: None
- REAL1-UC 1002: None
- REAL1-UC 1005: None
- REAL1-UC 1009: None
- REAL1-UC 1010: REAL1-UC 1001
- REAL1-UC 1012: REAL1-UC 1001
- REAL1-UC 1015: None
- REAL1-UC 1020: None
- REAL1-UC 1025: REAL1-UC 1001
- REAL1-UC 1030: None
- REAL1-UC 1033: None
- REAL1-UC 1040: None
- REAL1-UC 1045: None
- REAL1-UC 1050: None
- REAL1-UC 1971: None
- REAL1-UC 7942: None
- REAL1-UC 7990: None
- REAL1-UC 7991: None
- REAL1-UC 7992: None
Additional Information
- Typically offered: Occasionally
- Credits: 1-4 credits (varies by course)
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