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About the Role

NYCEDC's Real Estate Transaction Services Group (RETS) underwrites, structures, and executes real estate and economic development transactions on city-owned land. Senior Associates manage projects, perform financial analysis, and support the negotiation of legal agreements for transactions from feasibility to closing.

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 internal NYCEDC processes 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
Perform other duties as assigned

Requirements

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

Skills

Real estate finance
Deal structuring
Financial modeling
Excel proficiency
Discounted cash flow analysis
Residual land value analysis
RFP drafting
Project management
Communication

Location

New York City

Work Type

Full-time

Experience Level

3+ years

Education Level

Bachelor's degree required
Graduate degree in real estate development, public policy, urban planning, business, finance or law preferred

Salary/Compensations

$95,000—$97,000 USD

Benefits

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

About the Company

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.

Equal Opportunity

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.