Job Opportunities API

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.   NYCEDC’s Asset Management Division manages real estate properties and non-traditional assets across all five boroughs of New York City including commercial real estate properties as well as transportation, critical infrastructure, and energy assets. The  division pursues a double-bottom line strategy, targeting not just economic returns but also multiple social metrics including but not limited to job creation, and growing  equitable  neighborhoods. The overall assets are divided into multiple portfolios, each managed by a Portfolio Manager, with a Portfolio Surveillance group that  monitors  and enforces standards and practices across the division. The division-wide portfolio encompasses all property types including those that are standard in the real estate industry (Retail, Mixed-Use/Commercial, Industrial, etc.) with individual Portfolio Managers also managing assets particular to public sector and public/private (Transportation assets including Ferry, Cruise, Freight/Rail, and Aviation, Retail and Market assets, Cultural, Industrial and Commercial assets).   The Hunts Point Portfolio is a key  component  of NYCEDC’s broader mission to enhance the economic vibrancy and sustainability of New York City. The portfolio includes  the Hunts Point Food Distribution Center, the largest food distribution center of its kind in the world, and the Hunts Point Market, serving millions of New Yorkers with fresh produce, meat, and seafood. The portfolio also encompasses strategic land-use initiatives, workforce programs, and innovative sustainability efforts aimed at creating jobs, promoting environmental justice, and supporting economic growth in the South Bronx. Position Overview: Reporting to the V ice President, Hunts Point , the AVP  is responsible for  supporting the growth and management of a portfolio of real estate assets consisting of industrial and distribution facilities within the Hunts Point Food Distribution Center campus in the South Bronx. The AVP will focus on creating the physical assets and supporting initiatives in New York City that fulfills NYCEDC’s double-bottom line strategy of producing both economic and social returns.   Essential Duties and Responsibilities: Support negotiation and contracting across a range of agreements, including operating agreements, leases, permits, and other contractual matters, in partnership with EDC Legal team, the Law Department, and outside counsel where appropriate.  Identify and execute  redevelopment opportunities within the portfolio, including planning RFPs and capital projects to mo dernize, expand, or reposition assets ; develop financial underwriting for proposed investments and oversee team members in building financial models.    Partner   with the Business Operations team to prepare annual revenue/expense budgets. Verify forecasted revenues  and u t ility reimbursement calculations for the portfolio.    Serve as a key external  representative  at requir ed engagements.    Manage day-to-day asset management  functions , including  tenant communications, monthly portfolio meetings to reconcile management budgets, review lease pipelines, plan for lease expirations, evaluate tenant financial reports, manage arrears and collections, investigate insurance issues, advise on any ongoing litigations .    Participate in special projects with city agencies  and  City Hall .    Prepare contracts, requests for proposals (RF