Senior Associate, Real Estate Transaction Services

New York City Economic Development Corporation•New York, NY

6d•$95,000 - $97,000

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. Its work transforms underutilized properties into projects that support job creation, industry-based economic development goals, and housing development throughout New York City. Senior Associates manage projects and perform financial analysis for real estate transactions, while supporting the creation and negotiation of related legal agreements. They work on multiple projects across different phases of the project life cycle—from evaluating site feasibility and drafting RFPs through developer selection and project closing—under the direction of senior staff, with discretion to exercise judgment and provide strategic direction.

Requirements

Bachelor’s degree required.
At least 3 years of experience in a relevant field, such as real estate development, finance, urban planning, public policy, or a related City or State agency.
Experience with project management from feasibility through project completion.
Proven track record of advancing projects in challenging environments.
Demonstrated analytical skills, including Excel proficiency with discounted cash flows, residual land value analysis, and project economics.
Effective communication across formats, including reports, presentations, and meetings.
New York City residence is required within 180 days of hire.

Nice To Haves

Graduate degree in real estate development, public policy, urban planning, business, finance, or law.
Understanding of economic development, land use, affordable housing issues, and New York City Government.

Responsibilities

Apply advanced knowledge of real estate finance and deal structuring to support strategic decision-making and project execution.
Build and interpret complex financial models in Excel, including discounted cash flow and residual land value analyses, to evaluate project returns and scenarios.
Draft, interpret, and support negotiations for transaction-related legal documents, including MOUs, Ground Leases, and Purchase and Sale Agreements.
Lead activities for competitive site dispositions, including drafting requests for proposals (RFPs), overseeing site tours, information sessions, and Q&As, and analyzing responses.
Anticipate transaction milestones and proactively recommend strategies to advance deal execution.
Navigate processes internal to NYCEDC to drive progress at each stage.
Analyze and present findings and recommendations to project teams, senior staff, senior NYCEDC officials, and other City agencies in written and verbal form.
Create and deliver presentations for elected officials, community stakeholders, and the NYCEDC Board of Directors.
Collaborate with colleagues in NYCEDC departments such as Legal, Planning, Government & Community Relations, and Asset Management.
Develop and maintain relationships with real estate developers, attorneys, urban planners, consultants, elected officials, and community stakeholders.
Perform other duties as assigned.