Senior Associate, Real Estate Transactions 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: Senior Associate, Real Estate Transaction Services

DESCRIPTION: The Sr. Associate will work in a team of real estate finance and development professionals on projects central to NYC’s economic development and housing goals. The Sr. Associate will manage multiple real estate transactions from inception to closing and will perform financial analyses to help the City evaluate a project’s economic impact.

• Manage multiple real estate and/or financing transactions
• Assist in negotiating contracts of sale, leases, and funding agreements
• Build and maintain detailed financial models of major New York City development projects (measuring, among other things, pro forma IRRs and NPVs)
• 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 project status
• Conduct presentations to elected officials, community stakeholders and NYCEDC Board
• 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

REQUIREMENTS: Master’s degree or a foreign equivalent in Business, Real Estate Development, Housing Finance, Public Policy, or Urban Planning. Education, training or experience to include:

• Urban planning, economic development, real estate development, housing finance, law and/or public policy
• Developing economic models in Microsoft Excel
• Project management duties including project implementation from conception to completion
• Understanding of affordable housing programs and NYC government processes
• New York City residency required within 180 days of hire

LOCATION: NYCEDC (New York City Economic Development Corporation), One Liberty Plaza, 14th Floor, New York, NY 10006. Ability to work remotely up to two days a week as agreed upon with manager.

SALARY: $138,174 - $138,174/ year    

APPLY: On our website at:  https://edc.nyc/careers or Send resume to careers@nyc.edc (Reference Job Code: 8093012).

Salary Range$138,174—$138,174 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 contributi