Project Manager, Real Estate Development

Brooklyn Navy Yard Development Corporation; New York (NY); On-site; USD 70,000 - 110,000; Full time

Job summary

The Brooklyn Navy Yard Development Corporation (BNYDC) is a not-for-profit corporation that serves as the real estate developer and property manager of the Yard on behalf of its owner, the City of New York. As a Project Manager, you will support adaptive reuse projects of historic Yard properties, advance ground-up development, and perform various asset management related functions.

You will identify pre-development tasks, create budgets, model cash flows, coordinate approvals, and manage

Qualifications

• Written and verbal communication and presentation skills.
• Basic financial modeling skills, including pro forma cash flow modeling, sensitivity analysis, budgeting sources and uses.
• Familiarity with public-private funding sources.
• Proficiency in Microsoft Office, advanced proficiency in Excel.

Responsibilities

• Identify and advance pre-development tasks including site assessment, analysis of permitted uses, cost estimation, market study, feasibility analysis, and formulation of overall strategy.
• Create, maintain, and update project budgets, schedules, financial performance, any critical items.
• Forecast and track project sources and uses, cash flow, and ROI metrics across complex funding sources.
• Understand and model proceeds, costs, design implications, compliance, and other aspects of public-private funding.
• Support efforts to identify and work to obtain debt and equity funding sources.
• Identify, advance, coordinate and report on City, State and Federal agency approvals (DOB, SBS, PDC, ESDC, FEMA, etc).
• Manage/assist procurement process, including RFPs/RFEIs and evaluation with Legal and External Affairs teams.
• Work with Construction team to track procurement, schedules, costs, and issues; propose solutions.
• Evaluate potential leasing deals based on economics and alignment with mission.
• Provide updates and prepare presentations for senior management, Board, and stakeholders.
• Meet with tenants, consultants, contractors and others to solve leasing, construction, and development matters.
• Perform other job-related duties as assigned.

Skills

Written communication

Verbal communication

Financial modeling

Public-private funding familiarity

Education

Bachelor’s degree in business, economics, public policy, urban planning, or similar field

Graduate degree preferred

Tools

Microsoft Office

Excel

Job description

The Brooklyn Navy Yard Development Corporation (BNYDC) is a not-for-profit corporation that serves as the real estate developer and property manager of the Yard on behalf of its owner, the City of New York. BNYDC strives to provide an environment in which innovative companies can take root and grow.

As a Project Manager, you will support adaptive reuse projects of historic Yard properties, advance ground-up development, and perform various asset management related functions.

Areas of Responsibility

• Identify and advance pre-development tasks including site assessment, analysis of permitted uses, cost estimation, market study, feasibility analysis, and formulation of overall strategy
• Create, maintain, and update project budgets, schedules, financial performance, any critical items
• Forecast and track project sources and uses, cash flow, and return on investment metrics, in the context of complex funding sources
• Understand and model proceeds, costs, design implications, compliance, and other relevant aspects of sophisticated public-private funding sources including Historic Tax Credits, and others
• Support efforts to identify and work to obtain debt and equity funding sources
• Identify, advance, coordinate and report on critical City, State and Federal agency approvals, including DOB, SBS, PDC, ESDC, FEMA, and others
• Manage and/or support procurement process, including preparation of RFP’s and RFEI’s and corresponding strategy to maximize number/quality of responses, and evaluation of proposals, in coordination with Legal and External affairs teams
• Work with BNYDC Construction team to track contractor procurement, construction schedule, actual costs relative to budget, and issues affecting timely completion of project; and collaborate to propose solutions to issues
• Evaluate potential leasing deals based on economics, tenancy, and furthering BNY’s mission
• Provide updates and prepare presentations and recommendations for senior management, BNYDC Board of Directors, and other stakeholders
• Meet with tenants, consultants, contractors and other external stakeholders to problem-solve leasing, construction, and development related matters
• Perform other job-related duties as assigned

The above duties and responsibilities are not intended to limit specific duties and responsibilities of this position. It is not intended to limit in any way the authority of supervisors to assign, direct and control the work of employees under their supervision.

Required Skills And Abilities

• Written and verbal communication and presentation skills
• Basic financial modeling skills, including pro forma cash flow modeling, sensitivity analysis, budgeting sources and uses, etc.
• Familiarity with public-private funding sources
• Proficiency in Microsoft Office, advanced proficiency in Excel

Qualifications

• Bachelor’s degree in business, economics, public policy, urban planning, or similar field required; graduate degree preferred
• 1-3 years of experience in real estate development, economic development, project management, or a similar field
• Experience in land use, real estate finance, construction, economic development, public-private funding, and/or leasing preferred