Assistant Vice President, Real Estate Transaction Services
About The Position
NYCEDC’s Real Estate Transaction Services Group (RETS) is the City’s primary department for underwriting, structuring, and executing real estate and economic development transactions on city-owned land. The goal is to transform underutilized properties into projects that support job creation, industry-based economic development goals, and housing development throughout New York City. Assistant Vice Presidents (AVP) are responsible for shaping strategy for real estate transactions, both by leading junior staff and managing up to senior staff. AVPs guide project management, financial analysis, and the creation and negotiation of legal agreements for real estate transactions for multiple projects at different phases, from evaluating site feasibility and RFP drafting to developer selection and project closing.
Requirements
- Bachelor's degree required
- 5 years of experience in relevant field (finance, real estate development, urban planning, public policy, related City or State agency)
- Proven track record of advancing projects in challenging environments with the ability to provide leadership to teams effectively
- Knowledge and understanding of NYC government and real estate processes and land use approvals
- Familiarity with real estate transaction documents, such as ground leases and contracts of sale
- Proven strength in financial modeling and fluency in Excel, including building discounted cash flows and other deal-analysis models
- Demonstrated experience in real estate market research, including using market databases such as CoStar or Compstak
- Proven ability to lead junior staff to deliver high-quality results while fostering their professional growth through coaching and mentorship
- Proven skills in project management, interpersonal dynamics, and written/oral communication
- Ability to prioritize competing needs and opportunities
- Possess a strong sense of professional judgment and ability to solve problems creatively
- New York City residence is required within 180 days
Nice To Haves
- Graduate degree in real estate development, public policy, urban planning, business, finance or law preferred
- 3+ years in real estate development preferred
Responsibilities
- Apply advanced knowledge of real estate concepts, including deal structuring and real estate finance, to support project strategy and decision-making
- Manage aspects of the competitive developer selection processes, including drafting RFPs, reviewing proposals, and negotiating term sheets
- Build, interpret, and review complex financial models in Excel, including discounted cash flows, residual land value analyses
- Collaborate with legal teams to interpret, assess, draft, and negotiate transaction-related legal documents (e.g., MOUs, ground leases, purchase and sale agreements), with a strong understanding of how financial and business terms are integrated
- Incorporate feedback from senior team members to enhance the quality and accuracy of technical deliverables
- Anticipate next steps in transactions and proactively propose strategies to move deals forward
- Lead discussions and meetings, effectively communicating to other departments, external teams and stakeholders, and EDC Leadership
Benefits
- 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 and much more
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
