This episode of The Crexi Podcast discusses post-pandemic NYC investing with Joe Farkas, CEO & Founder of Metropolitan Realty Associates LLC.
The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the industry. In each episode, we feature different guests to tap into their wealth of expertise and explore the latest trends and updates from the world of commercial real estate.
In this episode, Crexi’s Yannis Papadakis sits down with Joe to discuss COVID-19’s impact on New York City real estate, what recovery looks like, and what commercial property investing opportunities lie ahead. Their wide-ranging conversation covers:
- How COVID-19 has minimally impacted deal processes and instead shifted the flow of deals across New York’s asset classes.
- The economic interplay between industrial, office, and retail commercial properties.
- A breakdown of how zoning plays a critical role in creative and adaptive reuse when the market favors one asset class over another.
- The importance of trusting your gut and aligning with your values when making critical investment decisions.
- And much more!
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About Joe Farkas:
Joe is Chief Executive Officer and Founder of Metropolitan Realty Associates LLC (MRA). With over 35 years of experience as a leader in the real estate industry, Joe has a wide range of banking, financial, legal, political, brokerage, and management contacts to effectively acquire, develop, reconstruct, lease, and manage office, retail and industrial properties in the New York Metropolitan area and select markets across the country.
Joe has been broadly recognized as a leader in the adaptive redevelopment of significant projects throughout the New York area, receiving engineering acknowledgement and government awards for development and job creation. As an industry leader, he is a frequent speaker on industry panels and television broadcasts and is often quoted in major newspapers and trade magazines. Through this real estate knowledge base, Mr. Farkas has created high level equity and debt relationships that are the investors in his projects.
Since founding MRA, Joe has purchased commercial real estate valued at over $1 billion.
A graduate of the State University of New York at Stony Brook, Joe resides in Garden City, NY, with his wife and two daughters. He is also the Founding Trustee and President of GCRE, a philanthropic foundation comprised of real estate professionals raising money and awareness for charitable causes impacting the lives of residents and family members within the Village of Garden City and across Long Island. He is also an active blood donor to the NY Blood Center.
About Crexi:
Crexi is CRE’s fastest-growing marketplace, advanced technology and data platform dedicated to supporting the CRE industry and its stakeholders. From searching for properties to Intelligence, our easy-to-use platform is designed to help buyers, tenants and brokers close deals faster than ever imagined. With millions of users and trillions in property value, Crexi is your solution for CRE success.
