Andrew Farkas | The Real Deal New York

The Real Deal New York

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Andrew Farkas

Founder
Island Capital Group
717 Fifth Avenue
New York, NY 10022
212.705.5000

Andrew Farkas is the founder of Island Capital Group, a major real estate merchant bank headquartered in Manhattan.

Prior to founding Island, Farkas, the scion of the Alexanders retail family in New York City, built Insignia Financial Group into one of the largest real estate brokerages in the country in the 1990s.In 2010, his firm bought the country’s third-largest special loan servicer, Centerline Holding Corp. Then, in 2011, he bought JER Partners, another special servicer.

After starting as a Wall Street trader at the old Salomon Brothers, Farkas launched Insignia in 1990 with about $5 million in family money.

After selling Insignia, Farkas formed a privately held merchant bank called Island Capital, and a subsidiary firm called Island Global Yachting, which acquired marinas and land used by luxury yacht owners and boat charter firms.

He earned an economics degree from Harvard. -TA


12/25/18
...A-list. Lots of yachts Island Capital Group chief Andrew Farkas may know as much about superyachts as he does about real estate securities. The...

10/18/18
...A-list. Lots of yachts Island Capital Group chief Andrew Farkas may know as much about superyachts as he does about real estate securities. The...

...-room Montauk Yacht Club Resort & Marina from Andrew Farkas’ Island Global Yachting. The property comprises 35 acres and a 232-slip marina. Now known as...

...three swimming pools. It was previously owned by Andrew Farkas’ Island Capital and Island Global Yachting. Both parties declined to comment on the sale...

03/21/18
...in 2016 with partner Lloyd Goldman. Owned by developer Andrew Farkas’ Island Global Yacht, the Montauk Yacht Club has 232 boat slips, 107 hotel rooms and two...

03/20/18
...in 2016 with partner Lloyd Goldman. Owned by developer Andrew Farkas’ Island Global Yacht, the Montauk Yacht Club has 232 boat slips, 107 hotel rooms and two...

02/27/18
...A-list. Lots of yachts Island Capital Group chief Andrew Farkas may know as much about superyachts as he does about real estate securities. The...

02/08/18
...from top: Amir Korangy, Bob Knakal, Joanne Podell, Andrew Farkas, Stephen Siegel and Alan Grossman; Stephen Siegel and Wendy Siegel; Brad Mendelson and Bruce...

02/05/18
...Knakal, Jonathan Mechanic, Stephen Siegel, Joanne Podell and Andrew Farkas Real estate’s elite will be joining The Real Deal as we toast CBRE...

01/10/18
...series of massive townhouse deals. Real estate bigwig Andrew Farkas led the way, selling his house at 12 East 73rd Street for $41 million in February...

...series of massive townhouse deals. Real estate bigwig Andrew Farkas led the way, selling his house at 12 East 73rd Street for $41 million in February...

12/21/17
...exec Michael Fascitelli and Island Capital Group’s Andrew Farkas. It also landed a $250 million credit line from George Soros’ Soros Fund Management, as...

12/19/17
...of the equity for that deal came from Andrew Farkas...

10/25/17
...Street for $18 million from Island Capital Group’s Andrew Farkas in 2007, according to records. He first tried selling the four-bedroom, five-bathroom home for $21 million...

...A-list. Lots of yachts Island Capital Group chief Andrew Farkas may know as much about superyachts as he does about real estate securities. The...

07/27/17
...addition to the Wildenstein sale, real estate investor Andrew Farkas sold his Upper East Side manse for $41 million in February, and Japanese billionaire Bungo...

07/03/17
...East 73rd Street, Andrew Farkas and Tamim bin Hamad Al Thani It's Maid in Manhattan -- Qatari style. The...

06/01/17
...exec Michael Fascitelli and Island Capital Group’s Andrew Farkas. Cadre also landed a $250 million credit line from George Soros’ family office, as The...

05/11/17
...from the previous year. First, real estate investor Andrew Farkas sold his Upper East Side manse in February for $41 million, taking home an $18 million...

04/25/17
...out boutique offices. That deal and others — including Andrew Farkas...

04/07/17
...from the previous year. First, real estate investor Andrew Farkas sold his Upper East Side manse in February for $41 million, taking home an $18 million...

03/07/17
...the townhouse market. In February, real estate bigwig Andrew Farkas sold his Upper East Side townhouse for $41 million. Shimada relisted the 14,000-square-foot property for...

03/03/17
...Ross bought the penthouse for $18 million in 2007 from Andrew Farkas , founder and chairman of Island Capital Group, according to public records. 171 West 57th Street...

...million. And, perhaps most notably, real estate bigwig Andrew Farkas sold his townhouse at 12 East 73rd Street for $41 million in February, an $18 million profit...

02/06/17
...East 73rd Street and Andrew Farkas (Credit: Corcoran and Getty Images) Real estate bigwig Andrew Farkas just sold his Upper...