The Real Estate Transaction Services Department (RETS) is the City’s primary department for financial analysis, structuring, and the execution of real estate and economic development transactions. RETS promotes economic development and neighborhood revitalization by leveraging City-owned real estate and partnerships with the private sector.
Your Role: As an Associate, you will work on a team of real estate finance and development professionals on projects crucial to implementing New York City’s economic development goals. The Associate will perform financial analysis and manage multiple real estate development transactions under the supervision of senior staff.
Administer multiple real estate and/or economic development transactions
Assist in negotiating contracts of sale, leases, and funding agreements
Build and maintain detailed financial models of major New York City development projects
Prepare site development and project feasibility analyses
Draft requests for proposals
Analyze and present findings and recommendations to project teams and senior staff in written and verbal form and brief senior officials of NYCEDC and other City agencies on the project status
Conduct presentations to elected officials, community stakeholders, NYCEDC Board of Trustees
Collaborate with colleagues in other departments in NYCEDC, such as Legal, Planning, Government & Community Relations and Development
Foster and manage relationships with real estate developers, attorneys, urban planners, consultants, elected officials and community stakeholders
Bachelor’s Degree in business, real estate development, public policy, urban planning, finance or law required, Graduate Degree preferred
2-4 years’ experience in urban planning, real estate banking, real estate development, finance, and/or public policy required
Familiarity and experience with project management duties including project implementation from conception to completion
Proven strength in the use of spreadsheets, database and presentation applications, including Excel and PowerPoint
Understanding of economic development issues and NYC Government preferred
Strong interpersonal, written, verbal and analytical skills
New York City residence is required within 180 days of hire
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