About the Opportunity

This is an opportunity for an Asset Manager to oversee a small portfolio of office buildings in Manhattan. This position will have 5 properties (4 in Manhattan and 1 in Cleveland, OH) and will require travel. Office hours are 9 – 6 pm M-Thurs and 9 – 4 pm on Fridays. The position is based out of our client's Great Neck office on Long Island, as well as in the field visiting assets.

About the Company

Our client is a national commercial and residential owner/developer/management company with over is a family-owned and operated real estate investment and development firm headquartered in New York.

Responsibilities:

Strategically manage a portfolio of commercial office properties to maximize asset value and investment returns.
Develop and implement comprehensive asset management strategies aimed at enhancing NOI through operational efficiencies, cost control, and revenue optimization.
Oversee the annual budgeting process for income and expenses, ensuring accurate forecasting and effective tracking of capital expenditures and one-time expenses.
Craft and execute annual leasing strategies, maintaining detailed reports on leasing activities and market trends to inform decision-making.
Identify underperforming assets and collaborate with Property Management teams to develop and implement turnaround strategies that align with overall business objectives.
Monitor and ensure the achievement of key performance indicators (KPIs), including rent collection rates, occupancy levels, and adherence to operating budgets, with a strong focus on NOI optimization.
Evaluate and approve lease agreements, renewals, terminations, and modifications, ensuring they contribute positively to the portfolio's financial performance.
Evaluate operational efficiency, tenant satisfaction, and identify opportunities for improvement.
Serve as a key liaison between property management, accounting, and senior management teams to ensure strategic alignment and reporting accuracy.

Requirements:

Bachelor’s Degree in Real Estate, Finance, Accounting, or a related field.
A minimum of 5 years’ experience in real estate asset management, with a proven track record of enhancing asset value and NOI in a portfolio of commercial properties.
Demonstrated ability to thrive in a fast-paced environment and manage multiple priorities with a high degree of initiative and independence.
Strong leadership, strategic thinking, and management skills, with the ability to inspire and collaborate with teams.
Excellent communication skills, both verbal and written, with the capacity to negotiate effectively and build strong professional relationships.
Advanced analytical, decision-making, and problem-solving abilities, with a keen attention to detail.
Proficiency in financial modeling and analysis, with a deep understanding of real estate markets and trends.

Compensation:

Base salary $90,000 - $100,000 + potential for bonus

Full Benefits Package

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