Assistant Vice President, Real Estate Transaction Services

New York, New York, United States

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.

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.

Assistant Vice President s (AVP) are respons ible for shaping st rategy for real estate transactions, both by leading junior staff and managing up to senior staf f . AVPs guid e project management, financial analysis, and the creation and negotiation of legal agreements for real estate transactions for multiple projects at different p hases , from eval uating site feasibility and RFP drafting to developer selection and project closing .

• Apply advanced knowledge of real estate concepts , including deal structuring and real estate finance , to support project strategy and decision-making
• Manage aspects of th e competitive developer selection processes , including drafting RFPs, reviewing proposals, and negotiating term sheets
• Build , interpret , and review complex financial models in Excel, including discounted cash flow s, residual land value analyses
• Collaborate with legal teams to interpret, assess, draft, and negotiate transaction-related legal documents (e.g., MOUs, g round l eases, p urchase and s ale a greements), with a strong understanding of how financial and business terms are integrated
• Incorporate feedback from senior team members to enhance the quality and accuracy of technical deliverables
• Anticipate next steps in transactions and proactively propose strategies to move deals forward
• Lead discussions and meetings, effectively communicating to other department s, external teams and stakeholders, and EDC Leadership

• Bachelor's degree required ;
  Graduate degree in real estate development, public policy, urban planning, business, finance or law preferred.
• 5 years of experience in relevant field ( finance, real estate development, urban planning, public policy, related City or State agency ) ; of which, 3 + years in r eal es tate d evelopment preferred
• Proven track record of advancing projects in challenging environments with the ability to provide leadership to teams effectively
• Knowledge and understanding of NYC government and real estate processes and land use approvals
• Familiarity with real estate transaction documents, such as ground leases and contracts of sale
• Proven strength in financial modeling and fluency in Excel, including building discounted cash flows and other deal-analysis models
• Demonstrated experience in real estate market research, including using market databases such as CoStar or Compstak
• Proven ability to lead junior staff to deliver high-quality results while fostering their professional growth through coaching and mentorship
• Proven skills in project management, interpersonal dynamics, and written/oral communication
• Ability to prioritize competing needs and opportunities
• Possess a strong sense of professional judgment and ability to solve problems creatively
• New York City residence is required within 180 days

Salary Range

$120,000 - $123,000 USD

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…