NYC City Lead

Groma•New York, NY

10d•$150,000 - $190,000•Hybrid

About The Position

Groma is seeking a NYC City Lead to help build and implement its real estate investments and property operations presence in the New York City region. This role involves supporting transaction activity on the investments side, including sourcing, underwriting, negotiating, and closing properties. On the property operations side, the City Lead will help establish Groma’s local operating presence, ensuring effective transition of acquired assets and coordinating with various internal teams to support strong property performance and resident outcomes. This is a hands-on, high-impact role for an independent operator who is both commercially strong and operationally practical, capable of launching a new market with urgency, discipline, and ownership.

Requirements

7+ years of experience in real estate acquisitions, underwriting, asset management, and/or transaction advisory, with significant exposure to multifamily and mixed-use investments.
Strong experience sourcing, negotiating and underwriting multifamily deals, ideally in New York City or similarly complex urban markets.
New York brokerage or sales person license is a plus.
Strong understanding of NYC multifamily and mixed-use fundamentals, including rent regulation considerations, operating expense drivers, property taxes, insurance, utilities, maintenance, compliance, and common diligence issues.
Existing NYC real estate network across brokers, owners, lenders, attorneys, property managers, contractors, and other relevant market participants.
High attention to detail paired with strong commercial judgment.
Excellent written and verbal communication skills, including the ability to synthesize complex investment opportunities as well as to distill complex diligence findings into actionable insights.
Advanced Excel / Google Sheets and financial modeling skills; able to build, audit, and adapt acquisition models independently.
Exceptional project management skills with the ability to coordinate multiple workstreams under tight deadlines.
Comfortable working independently in a fast-paced, entrepreneurial environment.
Strong ownership mentality and willingness to operate at both the strategic and tactical levels.
Practical understanding of building-level operations, resident experience, leasing, maintenance, capital projects, and vendor management.

Nice To Haves

New York brokerage or sales person license

Responsibilities

Source, negotiate, underwrite, tour, and analyze on- and off-market real estate acquisition opportunities, with a focus on small to mid-market multifamily and mixed-use properties in the New York City region.
Provide investment recommendations supported by thoughtful analysis, reliable judgment, and clear communication.
Act as a licensed real estate agent in the state of New York for Groma Realty, including representing affiliated buyers such as the flagship vehicle, GromaREIT, and other funds that Groma operates or advises.
Build and maintain relationships with brokers, owners, lenders, attorneys, property managers, contractors, and other market participants relevant to Groma’s acquisition strategy.
Maintain a strong understanding of local market fundamentals, including neighborhood-level supply and demand dynamics, rent regulation considerations, operating expense drivers, tax considerations, financing conditions, and common diligence issues.
Lead and coordinate diligence workstreams, including financial, legal, operational, physical, zoning, environmental, title, and rent regulation diligence.
Engage in cross-functional work as-needed to support the growth of the business. This includes partnering with investor relations on fundraising topics, finance on portfolio and asset management topics, legal to close deals, construction management on capital business plans and budgeting, property operations to ensure smooth handoffs and building out a new york city presence, and engineering on technology optimizations to our investment process.
Assist in the transition of newly acquired assets from closing through operational stabilization.
Coordinate initial property setup including utilities, vendor relationships, compliance requirements, and service agreements.
Implement Groma’s established property management SOPs during the onboarding process.
Provide feedback to Boston leadership regarding local operational considerations or New York City regulatory requirements.
Execute Groma’s standard operating procedures across newly onboarded rental properties.
Maintain strong communication with Boston-based Property Operations leadership.
Establish and manage service agreements with local maintenance contractors, tenant/landlord attorneys, and residential leasing partners.
Ensure compliance with New York City landlord-tenant laws and local housing regulations.
Maintain organized documentation and task tracking for all properties.
Oversee day-to-day operations of Providence properties as they are acquired and stabilized.
Conduct regular property inspections to identify maintenance or safety issues.
Coordinate maintenance requests and ensure timely resolution.
Manage emergency service coordination and generate incident reports when necessary.
Ensure properties are maintained to a high standard and in compliance with applicable codes and regulations.
Handle resident inquiries and concerns in a professional and timely manner.
Support marketing and leasing efforts for available units.
Coordinate resident onboarding and offboarding processes.
Assist with delinquency follow-up and coordination of collections efforts.
Support eviction processes in partnership with leadership and legal counsel.
Help foster a positive resident experience aligned with Groma’s standards.
Assist in managing property-level budgets and tracking expenses.
Prepare and maintain detailed operating reports on a weekly, monthly, and annual cadence.
Track delinquency and unpaid balances and provide structured reporting to Boston leadership.
Maintain accurate records across internal property management systems.