Episode 039: Joseph Farkas

Introduction:


Today we have with us Joe Farkas, who in addition to being a
great guy and charming individual, is the CEO and founder of
Metropolitan Realty Associates, a fully integrated private real
estate investment and development company specializing in
opportunistic and adaptive re-use investments in the New York
metropolitan area, as well as select U.S. markets. Although Joe
very well was not aware that for the better part of his career he
has been channeling my Albert Einstein, Snoop Dogg, Drake, Lionel
Richie “add value, master your craft, start from the bottom,
create a brick house of knowledge, bring your A game theory,”
given his track record and passion to make a difference for his
investors and the community, he most certainly has.


 


Episode Notes:


At 2:20, Joe Farkas dives into Metropolitan Realty Associates
(“MRA”) and its reputation and longevity in the business. At
4:58, Joe discusses MRA finding value in the retail asset class,
and touches upon location, positioning and timing as it relates
to retail. At 9:11, Farkas advises that one must be smart in
buying retail, and notes his fascination with the retail leasing
business and forming long lasting relationships with tenants. At
11:40, he gives his perspective on the industrial investment
world and demand for last mile delivery. At 18:33, Joe imparts
knowledge and advice for those new to real estate, and speaks on
giving back through the means of education. At 22:26, Farkas
shares his belief in that everything starts from the bottom. At
27:21, Larry Haber asks Joe a question in regards to if “nice
guys finish last.” At 28:27, Joe talks about Long Island City pre
and post Amazon’s “head fake.” At 32:06, Farkas provides his
stance on the laws and regulations recently enacted. At 35:09,
Farkas highlights the two best days of his life. At 36:50, he
reveals his happy places in Aspen and Turks and Caicos. At 38:12,
Joe Farkas closes the podcast sharing his dream in building a
superstructure in Manhattan.