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The woman, identified by the NYPD as Erica Tishman, was announced dead on the scene by emergency services.
"It is with great sadness that we write about the passing of Erica Tishman, an invaluable force and irreplaceable ally to our organization," Educational Alliance CEO and President Alan van Capelle said in a statement, according to the affiliate.
Tishman was vice president of project management and owner representation firm, Zubatkin Owner Representation.
According to the firm's website, Tishman had received her bachelor's from Princeton University and went on to receive a master's in architecture from Harvard Graduate School of Design.
'No pedestrian should be at risk from dangerous façade conditions'
Engineers will perform a full structural stability inspection of the building the debris fell from "to ensure all New Yorkers are safe, and conduct a thorough investigation into the cause of this tragic incident," according to Department of Buildings Spokeswoman Abigail Kunitz.
She could not confirm what the debris was or what caused it to fall.
"This is a tragedy, and the family and friends of the victim are in our thoughts," Kunitz said. "No pedestrian should be at risk from dangerous façade conditions."
"We are saddened by this tragedy and our hearts go out to the family," Patrick Muncie, a company spokesperson, told CNN. "The company will fully cooperate with the City in the ongoing matter."