Junior Leasing and Asset Manager, Parking

TF Cornerstone, Inc.; New York (NY); On-site; USD 100,000 - 110,000; Full time

Benefits offered by this job

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Job summary

TF Cornerstone, Inc. seeks a Junior Leasing and Asset Manager to own the financial and operational performance of our parking portfolio, spanning approximately 1.5 million square feet and 8,000 spots across major sites in NY, DC, and Philadelphia.

This hands-on role requires 4–7 years in commercial real estate, parking, or related operations, including negotiating operator leases and capital decisions for the portfolio. Regular field work across Manhattan and nearby markets is expected.

Qualifications

• Bachelor's degree required.
• 3–5 years in commercial real estate asset management, parking or transportation ops, lease administration, or audit.
• Own a budget, a P&L, or a revenue line.
• Advanced Excel for budgets, variance analysis, and cash flow modeling.
• Read and enforce commercial agreement terms.
• Strong written and verbal communication; hold operators/vendors to terms.

Responsibilities

• Own monthly revenue collection and reconciliation across parking operators and tenants.
• Audit operator statements against lease terms and recover underreporting or missed rent.
• Build and defend the annual operating budget and reforecasts.
• Drive rate strategy and pricing decisions by submarket and time period.
• Negotiate and document operator agreements with legal and senior leadership.
• Maintain an abstract database of key terms and critical dates.

Skills

Budget ownership

P&L management

Advanced Excel

Communication

Field work

Negotiation

Team coordination

Education

Bachelor's degree

Tools

Yardi

MRI

Excel

Job description

Parking & Commercial Portfolio

Location: New York, NY (Manhattan) onsite, in person, with regular site visits across the portfolio

Reports to: Vice President, Retail

Compensation: $100,000 to $110,000 base salary

Employment type: Full-time, exempt

Position Summary

We are seeking a Junior Leasing and Asset Manager to own the financial and operational performance of our parking portfolio — approximately 1.5 million square feet of garage space and 8,000 spots across our New York, Washington, D.C., and Philadelphia holdings.

This is a hands‑on seat with direct accountability for revenue, operator performance, and the annual budget. The right candidate has four to seven years of commercial real estate, parking, or operations experience and is ready to move from supporting an asset to running one including negotiating parking operator leases and management agreements and shaping capital decisions for the portfolio.

Key Responsibilities

Revenue Ownership & Financial Performance

• Own monthly revenue collection, verification, and reconciliation across all parking operators and percentage-rent tenants
• Audit operator statements against lease and management agreement terms; identify, quantify, and recover underreporting, missed escalations, and uncollected percentage rent
• Build and own the annual operating budget and reforecasts for the parking portfolio; explain and defend variances to ownership
• Drive rate strategy monthly versus transient mix, pricing by submarket, and yield decisions and measure the revenue impact of each change
• Partner with accounting on billing, collections, CAM reconciliations, and year-end true-ups

Operator & Agreement Management

• Serve as the owner-side principal contact for parking operators, holding each to the terms of its agreement
• Lead operator RFPs end to end: market outreach, proposal analysis, underwriting of operator economics, and recommendation to senior management
• Negotiate and document agreement renewals, amendments, and new operator agreements alongside legal and senior leadership
• Manage operator transitions, including staffing, systems cutover, and revenue continuity
• Maintain the abstract database of key agreement terms, critical dates, and reporting obligations, and act on them ahead of deadline

Asset Strategy & Capital

• Develop and maintain an asset-level plan for each garage: positioning, capital needs, hold strategy, and revenue upside
• Model the impact of rate changes, agreement structures, capital projects, and operator transitions on NOI and asset value
• Scope, justify, and help oversee capital projects, revenue control and access technology, equipment replacement, restoration, lighting, and signage
• Evaluate alternative uses and emerging demand drivers (EV charging, fleet and micromobility parking, monthly contract partnerships) and bring forward recommendations

Reporting & Oversight

• Prepare monthly and quarterly asset performance reporting for senior management and ownership
• Conduct regular site inspections confirming facilities are clean, safe, well-maintained, properly staffed, and operating in line with agreement terms
• Flag deferred maintenance, capital needs, and lease or license compliance failures, and track them to resolution
• Monitor NYC regulatory obligations affecting the garages, including DOB and FDNY requirements, licensing, and Local Law inspection cycles

Qualifications

Required

• Bachelors degree
• Three to Five years of experience in commercial real estate asset management, parking or transportation operations, lease administration, or audit
• Demonstrated ownership of a budget, a P&L, or a revenue line
• Advanced Excel, including operating budgets, variance analysis, and cash flow or scenario modeling
• Experience reading, applying, and enforcing commercial agreement terms
• Clear written and verbal communication; able to hold operators and vendors accountable professionally and to present to senior leadership
• Willingness to be in the field regularly across Manhattan, outer boroughs, Philadelphia and Washington D.C.

Preferred

• Direct experience with parking operations, whether owner-side or with an operator such as LAZ, Icon, Propark, iPark, City Parking, SP+, etc.
• Working knowledge of percentage rent, management agreements, and revenue-share structures
• Familiarity with parking revenue control systems and access technology
• Proficiency in Yardi, MRI, or comparable property management software
• Prior involvement in operator RFPs, agreement negotiation, or capital project delivery