POSITION OVERVIEW:

NYCEDC’s Real Estate Transaction Services Group (RETS): RETS promotes economic development and neighborhood revitalization by leveraging City-owned real estate and partnerships with the private sector.

RETS is the City’s primary department for underwriting, structuring, and executing real estate and economic development transactions on city-owned land, with the goal of transforming underutilized properties into projects that support job creation, industry-based economic development goals, and affordable community development throughout New York City.

Your Role: As an Associate, you will work on a team of real estate finance and development professionals on projects crucial to implementing New York City’s economic development goals. The Associate will perform financial analysis and manage multiple real estate development transactions under the supervision of senior staff.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Administer multiple real estate and/or economic development transactions 
• Assist in negotiating contracts of sale, leases, and funding agreements 
• Build and maintain detailed financial models of major New York City development projects 
• Prepare site development and project feasibility analyses 
• Draft requests for proposals 
• Analyze and present findings and recommendations to project teams and senior staff in written and verbal form and brief senior officials of NYCEDC and other City agencies on the project status 
• Conduct presentations to elected officials, community stakeholders, NYCEDC Board of Trustees 
• Collaborate with colleagues in other departments in NYCEDC, such as Legal, Planning, Government & Community Relations and Development 
• Foster and manage relationships with real estate developers, attorneys, urban planners, consultants, elected officials and community stakeholders 
• Other duties as assigned

QUALIFICATIONS:

• Bachelors Degree in business, real estate development, public policy, urban planning, finance or law required, Graduate Degree preferred. 
• 2-4 years experience in urban planning, real estate banking, real estate development, finance and/or public policy required 
• Familiarity and experience with project management duties including project implementation from conception to completion 
• Demonstrated use of spreadsheets, database and presentation applications, including Excel and PowerPoint 
• Understanding of economic development issues and NYC Government preferred 
• Demonstrated written, verbal and analytical skills 
• New York City residence is required within 180 days of hire