News: Brokerage

Meet the NRC Members - Schoenfeld

Ileen Schoenfeld has been a real estate professional for over 24 years. In that time, Schoenfeld has sold hundreds of millions of dollars worth of property and has garnered numerous industry awards for her achievements. She has repeatedly been in the top echelon of sales professionals, both within the Brown Harris Stevens family and in the industry. She has been named Broker of the Year on multiple occasions. She currently acts as the broker specialist for a number of top cooperative buildings in Manhattan. Her experience includes sales of cooperatives, condominiums, townhouses and commercial properties over a range of prices and in all Manhattan neighborhoods, including the Upper East Side, the Upper West Side, Chelsea, SOHO and Tribeca. Regardless of price or location, Ileen markets every property with unconditional professionalism and dedication. Her success is based upon long experience, a network of relationships that spans many industries and a vast knowledge of pricing and Board interaction. She comes to real estate as a second career. She is a product of the New York City Public School System and a graduate of the Bronx High School of Science, City College (BS) and Hunter College (MS) and advanced certification in Remedial Reading. After a successful and rewarding career as a Reading Clinician in the New York City Public School she turned her sights to the sale of Manhattan residences. Her interest in real Estate was nurtured early on by her father, who operated a residential hotel serving the Columbia University Community. Her husband Norman Schoenfeld is involved in Commercial finance. Ileen has two grown children: Susan, who lives in London with her family and is engaged in a real estate business there; and Bill, the founder and president of Asia Pacific Land, a prominent Real Estate Company based in Asia.
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REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.