Asset Management Associate - Multifamily and Commercial
$90,000–$120,000 year
On-siteNew York, United States or Manhattan, New York, United States
Job Summary
Develop and execute asset business plans for multifamily and commercial properties, driving performance through reporting, operations, and tenant experience. Oversee third-party property managers on collections, vacancy, and capital execution while managing residential leasing, renewals, and commercial tenant improvements. Maintain compliance with rent stabilization, affordable housing programs, and NYC regulatory obligations including DOB, HPD, and Local Laws 11, 97, 84, 88, 152, and 126. Track violations, monitor tax abatements, and support capital projects for façade work, building systems, and tenant improvements. Execute receivership strategies in state and federal court, manage lender draws, and prepare reporting for courts, investors, and senior leadership. Reconcile financial statements, build cash flow models, and conduct site inspections to ensure accuracy and decision-making visibility.
Required Qualifications
- 3+ years of experience in real estate asset management or property management, with hands-on exposure to day-to-day building operations
- Familiarity with NYC rent-stabilized multifamily assets and a working understanding of how rent regulation affects operations, leasing, and renovations
- Exposure to a range of building types, including walk-ups, elevator buildings, and mixed rent rolls
- Familiarity with NYC violation and compliance workflows, including DOB, HPD, and OATH/ECB
- General familiarity with NYC tax abatement programs such as 421-a, 421-g, and J-51
- Experience coordinating with third-party property managers, vendors, and contractors
- Comfort working from leases, regulatory agreements, and other property-level documents
- Working knowledge of real estate finance fundamentals, with the ability to read rent rolls, operating statements, and budgets
- Strong analytical skills and proficiency in Excel
- High follow-through, sound judgment, and discretion
- Collaborative style and ability to partner across teams
- Comfort using modern collaboration and documentation tools
- Bachelor's degree in Real Estate, Finance, Accounting, or a related field
- Strong written and verbal communication skills
- Active use of AI tools (Claude, ChatGPT, Copilot) to accelerate research, synthesis, and reporting, with sound judgment around accuracy and confidentiality
- In-office presence in New York, with regular site visits across the five boroughs and metro NY
- NYS real estate license, or progress toward CPM, ARM, RPA, or CCIM
Desired Qualifications
- Direct experience managing commercial assets (office, retail, or mixed-use), including lease administration, tenant relations, and TI coordination
- Working knowledge of affordable housing programs and related regulatory compliance
- Experience at an institutional owner-operator, affordable housing operator, or third-party management platform with NYC exposure
- Experience managing construction, violations, and capital projects under regulatory oversight
- Demonstrated systems and automation instinct — a workflow, tracker, or reporting process built that outlived the candidate's tenure
- Master's degree or certificate in Real Estate or Finance
- Experience with Yardi Voyager, Yardi Affordable, Yardi Commercial, or RealPage OneSite Affordable; plus AppFolio, RentManager, MRI, CoStar, and PropertyShark
- Relationships with NYC affordable housing lenders, owners, syndicators, or agencies
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