News: Spotlight Content

2019 Women in Real Estate: Jessica Vilmenay, Schuckman Realty Inc.

Name: Jessica Vilmenay

Title: Managing Director | Associate Real Estate Broker

Company Name: Schuckman Realty Inc.

Association/Organization Affiliations: ICSC 

What is your favorite motivational quote?
“Finding opportunity is a matter of believing it’s there.” ~ Barbara Corcoran. I find this particularly true in our ever-changing retail real estate world. We constantly must find new and creative ways to drive business. With stores going dark and daily reports of bankruptcy, we must seek opportunity, and be flexible in our mindset. For example, we are seeing medical uses and entertainment tenants filling the void left by traditional brick and mortar tenants. Landlords are now willing to consider uses that they may never have considered in the past. There is always opportunity for the persistent, patient and creative.

Who inspired you to join the CRE industry and why?
I was inspired to join the CRE industry by my associates at Schuckman, where I was working as a receptionist. I had no aspirations of being a broker when I started, but I found the industry fascinating and the energy in the office exhilarating. Working with our founder, Stanley Schuckman, and his son Kenneth, our president, I learned at a rapid pace and recognized the opportunities that were in front of me. As a result, I received my real estate salesperson license and shortly thereafter became an associate broker. 

What is the best advice you have received, and who was it from?
In the challenging world of CRE there is no shortage of advice–some good, some not so good. On a personal note, I have to say that my father has been influential and objective and allowed me to move forward in a successful way, intended as life lessons his advice easily translates into business. It is particularly inspirational because despite many bumps in the road, my father still works full time in his late 60’s. The most valuable lesson I could impart would be to always move forward and strive to be your best.

MORE FROM Spotlight Content

Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin

When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.