Vice President, Brooklyn & Queens, Commercial & Industrial

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. 

Sectional Responsibility: NYCEDC Commercial & Industrial portfolio includes retail, entertainment, mixed use, and office assets within the boroughs of Brooklyn and Queens.

Position Overview: The Vice President, Brooklyn & Queens, is responsible for managing the oversight, development, and direct management of commercial and industrial real estate assets located within the boroughs of Brooklyn and Queens. The portfolio includes Downtown Brooklyn Metrotech; Atlantic Center; Coney Island Amusement Parks, Childs Building & Amphitheater; Kaufman Astoria Studios; Bedford Union Armory; East New York Industrial Building; other mixed use and industrial sites; and upcoming mixed-use activations in Willets Point. The VP, along with an Assistant Vice President direct report, manages the project goals for assets within the portfolio, including relationship management, leasing, redevelopment planning, and financial optimization for the portfolio.

This is a strategic position, reporting directly to the Vice President, Executive Director for Commercial & Industrial – Brooklyn, Queens & Staten Island, with significant interface with NYCEDC’s President’s Office, and demands a dynamic and strategic leader experienced in managing, optimizing, and leading and optimizing large, diverse real estate portfolios, including through development and repositioning. The portfolio encompasses traditional leasing, land-use initiatives, workforce programs, and innovative sustainability efforts aimed at creating jobs, promoting the green economy, and supporting economic growth in Brooklyn and Queens. The VP will navigate multifaceted stakeholder environments, driving operational excellence, and leading transformative projects that will have a lasting impact on New York City.

Essential Duties & Responsibilities:

Strategic Planning

  • Oversee all aspects of the portfolio, including strategic planning, development, and operations, to maximize its economic potential and community benefits
  • Lead the development and execution of a comprehensive strategic vision for the Brooklyn & Queens Portfolio, ensuring alignment with NYCEDC’s broader goals of economic development, sustainability, and community impact.
  • Evaluate and then execute upon opportunities for redevelopment within the portfolio, planning for RFPs and/or capital projects to modernize, expand or reposition assets. This includes developing the financial underwriting of proposed investments and managing team members in building financial models.

Portfolio Management

  • Manage the cadence of asset management duties, including consistent 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 and other regular asset management tasks.
  • Lead the team in creating strategies and executing upon negotiations and contracting on a variety of agreement types including Operating Agreements, Leases, Permits and other contracts (including litigation), in partnership with the EDC Legal team, City Law and outside counsel where appropriate.
  • Direct the preparation of various contracts, requests for proposals (RFPs), and reports according to company and management expectations and guidelines and consult with Senior Management as directed regarding preparation of key correspondence and investment memoranda.

Leasing and Tenant Relations

  • Develop and implement a strategic leasing attraction and retention plan to optimize occupancy and revenue across all asset in the portfolio.
  • Cultivate strong relationships with current and prospective tenants, ensuring high satisfaction and retention rates.

Leadership and Team Development

  • Lead, mentor, and develop a multidisciplinary team, fostering a culture of innovation, collaboration, and professional growth.
  • Build team capabilities to support the strategic objectives of the Brooklyn & Queens Portfolio and the broader NYCEDC mission.
  • Train, manage and oversee junior staff to execute on real estate finance, communications (including presentations), project management, asset management and negotiations.

Financial Oversight

  • Manage the portfolio’s financial performance, including P&L responsibility, budgeting, financial forecasting, and capital planning.
  • Develop and oversee financial processes to enhance profitability, cost-effectiveness, and long-term sustainability of the portfolio.
  • Work collaboratively interdepartmentally to successfully execute initiatives as well as with internal Operations and Finance groups to prepare the annual Budget Book, which looks at historical and projected revenue/expense budgets.

Community and Stakeholder Engagement

  • Serve as the primary liaison with community leaders, city officials, and other stakeholders to foster partnerships, secure funding, and support initiatives that benefit the communities affected by the portfolio assets.
  • Lead community engagement efforts to ensure that the portfolio’s initiatives align with the needs and priorities of local community.

Minimum Qualifications:

  • Minimum of 8 years in leadership roles within real estate, asset management and/or public-private partnerships with at least 2 years of direct management experience.
  • Degree in Business Administration, Real Estate Development or Finance or related field preferred.
  • Experience in commercial real estate development, asset management, private equity, management consulting, economic development and/or related field.
  • Demonstrated experience with commercial real estate sector, property management, lease administration, negotiations, and tenant relations.
  • Proven track record in strategic planning and decision-making, financial management, and operations with significant leadership experience in successfully managing large-scale, complex projects.
  • Demonstrated organizational, communication and negotiation skills.
  • Proficiency in financial and property management planning, policies, and ERP systems, and real estate financial analysis, alternatives analysis and other forms of quantitative decision-making.
  • Financial fluency and acumen, including budget preparation, capital planning, management of P&L or operational experience in overseeing design development, project delivery, and or facility operations.
  • Experience with enterprise resource management and large and complex, or blue-chip client organizations active in large real estate portfolio management or development.
  • Experience with New York City, public-private partnerships, municipal projects, or large-scale urban development is preferred.
  • Experience working within the Brooklyn and Queens Borough markets and/or with borough elected and government officials preferred.
  • New York City residence is required within 180 days of hire.

Salary Range

$130,000 - $135,000 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. 

NYCEDC 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:  

  • Generous employer subsidized health insurance 
  • 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
  • Backup childcare  
  • Gym membership discounts
  • 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. 

For more information, visit our website at edc.nyc. 

 

 

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