Associate, Real Estate Transaction Services

NYCEDCNew York, NY

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Overview

Schedule

Full-time

Career level

Senior-level

Remote

On-site

Benefits

Career Development

Job Description

NYCEDC's Real Estate Transaction Services Group (RETS): 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.

POSITION OVERVIEW: Associates are responsible for supporting project management, financial analysis, and the creation and negotiation of legal agreements for real estate transactions. Associates will work on multiple projects at different phases of the project life cycle, from evaluating site feasibility and RFP drafting to developer selection and project closing, under the direction of senior staff.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Lead project management for multiple large-scale transactions, including the oversight of timelines, workflows, internal and external meetings, presentations, issues lists, and key project documents
Support activities for competitive site dispositions, including drafting requests for proposals (RFPs), overseeing site tours, info sessions, and Q&As, and analyzing responses.
Assist in drafting and negotiating term sheets, contracts of sale, ground leases, pre-development agreements and other agreements
Build and maintain detailed financial models and pro formas for development projects
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 presentations for elected officials, community stakeholders, NYCEDC Board of Directors
Collaborate with colleagues in other departments in NYCEDC, such as Legal, Planning, Government & Community Relations, and Asset Management
Foster and manage relationships with real estate developers, attorneys, urban planners, consultants, elected officials and community stakeholders
Other duties as assigned

QUALIFICATIONS:

Bachelor's degree required; Graduate degree in real estate development, public policy, urban planning, business, finance or law preferred.
2+ years of experience in a relevant field (finance, real estate development, urban planning, public policy, related City or State agency)
Familiarity and experience with project management duties including project implementation from conception to completion
Demonstrated analytical skills, including Excel proficiency with discounted cash flows, pro formas, and project economics
Understanding of economic development issues and NYC Government preferred
Communicates effectively across all formats, including reports, presentations, and meetings
New York City residence is required within 180 days of hire

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FAQs About Associate, Real Estate Transaction Services Jobs at NYCEDC

What is the work location for this position at NYCEDC?

This job at NYCEDC is located in New York, NY, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.

What pay range can candidates expect for this role at NYCEDC?

Employer has not shared pay details for this role.

What employment applies to this position at NYCEDC?

NYCEDC lists this role as a Full-time position.

What experience level is required for this role at NYCEDC?

NYCEDC is looking for a candidate with "Senior-level" experience level.

What benefits are offered by NYCEDC for this role?

NYCEDC offers Career Development for this position. Actual benefits may vary depending on the employer's policies and employment terms.

What is the process to apply for this position at NYCEDC?

You can apply for this role at NYCEDC either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.