Senior Associate, Real Estate Transaction Services

New York City Economic Development Corporation; New York (NY); On-site; USD 95,000 - 97,000; Full time

Benefits offered by this job

Medical, dental, and pharmacy plans

Vision and hearing benefits

Retirement savings programs

Job summary

New York City Economic Development Corporation (NYCEDC) is seeking a Senior Associate in its Real Estate Transaction Services Group. The role focuses on project management and financial analysis for city-owned real estate and economic development transactions, from feasibility to closing, under senior staff guidance.

Responsibilities include building complex financial models, drafting and negotiating key legal documents, and leading site disposition activities.

Qualifications

• Bachelor's degree required; graduate degree preferred.
• 3+ years of experience in real estate development, finance, urban planning, public policy or related City/State agency.
• Experience managing projects from feasibility to completion and negotiating agreements.

Responsibilities

• Apply advanced knowledge of real estate finance and deal structuring to support decision-making and project execution.
• Build and interpret complex financial models in Excel, including discounted cash flow and residual land value analyses.
• Draft, interpret, and support negotiations for MOUs, Ground Leases, Purchase and Sale Agreements.
• Lead competitive site dispositions, including drafting RFPs, overseeing site tours, info sessions, and Q&As.
• Anticipate milestones and recommend strategies to advance deal execution.
• Navigate NYCEDC processes to drive progress at each stage.
• Present findings and recommendations to project teams and senior NYCEDC officials.
• Create and deliver presentations for elected officials and community stakeholders.

Skills

Real estate finance

Project management

Financial analysis

Excel (DCF & residual analysis)

Communication

Education

Bachelor's degree

Graduate degree in real estate development/public policy/urban planning/business/finance or law

Tools

Excel

Microsoft Word

PowerPoint

Job description

New York, New York, United States

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 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.

Senior Associates are responsible for project management and financial analysis for real estate transactions, as well as supporting the creation and negotiation of related legal agreements. Senior Associates will work on multiple projects at different phases of the project life cycle, from evaluating site feasibility and RFP drafting to developer selection and project closing, under the direction of senior staff , with room to exercise judgement and provide strategic direction.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Apply advanced knowledge of real estate finance and deal structuring to support strategic decision-making and project execution
• Build and interpret complex financial models in Excel, including discounted cash flow and residual land value analyses, to evaluate project returns and scenarios
• Draft, interpret, and support negotiations for transaction-related legal documents (e.g., MOUs, Ground Leases, Purchase and Sale Agreements)
• Lead activities for competitive site dispositions, including drafting requests for proposals (RFPs), overseeing site tours, info sessions, and Q&As, and analyzing responses
• Anticipate transaction milestones and proactively recommend strategies to advance deal execution
• Navigate processes internal to NYCEDC to drive progress at each stage
• Analyze and present findings and recommendations to project teams, senior staff, senior NYCEDC officials, and other City agencies in written and verbal form
• Create and deliver presentations for elected officials, community stakeholders, NYCEDC Board of Directors
• Collaborate with colleagues in other departments in NYCEDC, such as Legal, Planning, Government & Community Relations, and Asset Management
• Develop and maintain relationships with real estate developers, attorneys, urban planners, consultants, elected officials and community stakeholders
• Other duties as assigned

QUALIFICATIONS:

• Bachelor's degree required; Graduate degree in real estate development, public policy, urban planning, business, finance or law preferred.
• 3+years of experience in a relevant field (real estate development, finance, urban planning, public policy, related City or State agency)
• Experience with project management from feasibility to project completion
• Proven track record of advancing projects in challenging environments
• Demonstrated analytical skills, including Excel proficiency with discounted cash flows, residual land value analysis, and project economics
• Understanding of economic development, land use, and affordable housing issues and NYC Government preferred
• Effective communication across all formats, including reports, presentations, and meetings
• New York City residence is required within 180 days of hire

Salary Range

$95,000 - $97,000 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 .

N YCEDC 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:

• 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
• 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.

The New York City Economic Development Corporation is an Equal Opportunity Employer. Our Diversity, Equity, and Social Responsibility Mission is to create a People First strategy by attracting, retaining , and engaging a diverse and talented workforce. Like the city of New York, NYCEDC knows our strength comes from each of our connected parts, making the fabric of our organization better and stronger because of our unique employees' talents.

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 .