Senior Associate, Real Estate Transaction Services

Our Vision: To make New York City the global model for inclusive innovation and economic growth, fueled by the City’s diverse people and businesses.

Our Mission: Creating a vibrant, inclusive, and globally competitive economy for all New Yorkers.

POSITION OVERVIEW

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 housing development throughout New York City.

Senior Associates are responsible for project management and financial analysisfor real estate transactions, as well as supporting the creation and negotiation of related legal agreements. Senior 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, with room to exercise judgement and provide strategic direction.

ESSENTIAL DUTIES AND 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 (e.g., MOUs, Ground Leases, Purchase and Sale Agreements)
• Lead activities for competitive site dispositions, including drafting requests for proposals (RFPs), overseeing site tours, info 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, NYCEDC Board of Directors
• Collaborate with colleagues in other departments in NYCEDC, 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
• Other duties as assigned

QUALIFICATIONS

• Bachelor's degree required; Graduate degree in real estate development, public policy, urban planning, business, finance or law preferred.
• 3+years of experience in a relevant field (real estate development, finance, urban planning, public policy, related City or State agency)
• Experience with project management from feasibility to 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
• Understanding of economic development, land use, and affordable housing issues and NYC Government preferred
• Effective communication across all formats, including reports, presentations, and meetings
• New York City residence is required within 180 days of hire

Salary Range

$95,000—$97,000 USD

About Us: New York City Economic Development Corporation is a mission-driven, nonprofit organization that works for a vibrant, inclusive, and globally competitive economy for all New Yorkers. We take a comprehensive approach, through four main strategies: strengthen confidence in NYC as a great place to do business; grow innovative sectors, with a focus on equity; build neighborhoods as places to live, learn, work, and play; and deliver sustainable infrastructure for communities and the city’s future economy.

NYCEDC is committed to offering competitive benefits to support employee health, happiness, and work-life balance. We offer comprehensive benefits and unique perks to ensure NYCEDC employees flourish in their professional and personal lives:

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

Benefits listed above may vary based on the length and nature of your employment with New York City Economic Development Corporation. These benefits are subject to be modified at any time, at the discretion of the organization.

The New York City Economic Development Corporation is an Equal Opportunity Employer. Our Diversity, Equity, and Social Responsibility Mission is to create a People First strategy by attracting, retaining, and engaging a diverse and talented workforce. Like the city of New York, NYCEDC knows our strength comes from each of our connected parts, making the fabric of our organization better and stronger because of our unique employees' talents.

At NYCEDC, all applications are reviewed by our Talent Acquisition team and hiring managers. We do not use artificial intelligence (AI) tools to screen, evaluate, or make decisions regarding candidate resumes or applications. Each candidate is considered through a thoughtful, human-led review process to ensure equity, consistency, and alignment with the needs of the role.

For more information, visit our website at edc.nyc.