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.
Assistant Vice Presidents (AVP) are responsible for shaping strategy for real estate transactions, both by leading junior staff and managing up to senior staff. AVPs guide project management, financial analysis, and the creation and negotiation of legal agreements for real estate transactions for multiple projects at different phases, from evaluating site feasibility and RFP drafting to developer selection and project closing.
ESSENTIAL DUTIES AND RESPONSIBILITIES: - Apply advanced knowledge of real estate concepts, including deal structuring and real estate finance, to support project strategy and decision-making
- Manage aspects of the 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 flows, residual land value analyses
- Collaborate with legal teams to interpret, assess, draft, and negotiate transaction-related legal documents (e.g., MOUs, ground leases, purchase and sale agreements), 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 departments, external teams and stakeholders, and EDC Leadership
QUALIFICATIONS: - 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 real estate development 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
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.
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.
