Position Overview: Reporting to the Vice President, Asset Management - Leasing & Portfolio Management, the Assistant Vice President will be part of the Sunset Park district team, supporting the implementation of a vision and strategy for the equitable development, activation, and oversight of the Sunset Park industrial waterfront. This work spans planning, leasing, placemaking, and comprehensive management of three City-owned industrial properties: the Brooklyn Army Terminal, Bush Terminal, and the Brooklyn Wholesale Meat Market (BWMM).
Under the direction of the VP of Leasing and Portfolio Management, the AVP will contribute to executing leasing strategies across assets, helping to create a diverse tenant mix that delivers on policy and revenue goals through market engagement, prospecting, deal negotiation, and lease execution.
Essential Duties & Responsibilities:- Conduct market and consumer research, competitive analyses, and property tours to inform tenanting plans. Track and report relevant business data, expansion plans, and industry trends in collaboration with the Business Development team.
- Serve as the Leasing team's liaison to the brokerage community by maintaining current contact lists, coordinating property tours, and organizing events that expand the prospect pipeline and strengthen market presence.
- Identify and engage prospective tenants, respond to inquiries, conduct site tours, maintain an active prospect list, and support portfolio-wide business development efforts.
- Coordinate integrated marketing efforts across the properties with the Marketing Department, including developing and executing outreach strategies to attract businesses to available spaces.
- Support budgeting and financial reporting for all three assets, including preparing and managing cash flow projections and tracking commission-related expenses throughout the fiscal year.
- Collaborate with the Legal Department to negotiate lease agreements and renewals for the Sunset Park portfolio in alignment with budget targets, market rents, and Portfolio Management's mission-driven asset management mandate.
- Manage lease transactions from proposal preparation through execution, including coordinating the approval process and serving as the primary contact for tenant communications.
- Coordinate with the Property Operations team to collect site data, facilitate tenant move-ins, and support the maintenance of site conditions.
- Other duties as assigned.
Qualifications:.
- Bachelor's degree in Business Administration, Finance, Real Estate, or other related fields
- 5+ years of experience in commercial real estate brokerage, preferably with manufacturing and industrial assets
- Experience with commercial real estate development, asset management, private equity, management consulting, urban planning, economic development and/or related field
- Detailed understanding of the leasing pipeline and process, from prospecting to lease execution
- Proven ability to develop, execute, and communicate strategic plans independently to diverse audiences
- Demonstrated ability to manage complex projects with close attention to detail and a solutions-oriented approach
- Effective written, verbal, and analytical communicator; proficient in Microsoft Office Suite
- Experience in lease negotiation and document drafting
- Experience with construction, property management, including working directly with property managers and tenants
- Demonstrated ability to manage complex projects with close attention to detail and a solutions-oriented approach
- Ability to work on-site in South Brooklyn up to 3 days per week
- NYC residency is required within 180 days of hire.
Preferred Qualifications: - Licensed NYC broker
- Experience in industrial campus planning, industrial policy, construction and property management, and/or manufacturing and distribution sectors
- Market research and/or appraisal experience
- Experience with MRI and Microsoft Dynamic software
Salary Range
$120,000-$123,000 USD
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.
