- Is a close friend of fellow director Michael Mann. Ferrara directed episodes for Mann's TV shows Miami Vice (1984) and Crime Story (1986). Ferrara also makes private screenings of his films to Mann who, in exchange, gives him tips and advices on editing.
- Moved to Rome, Italy, after the September 11 attacks and has lived there since.
- Is of Irish and Italian descent.
- Grew up in Peekskill, NY.
- Has two adopted daughters.
- Went to high school with Nicholas St. John, who has written many of his films.
- Converted to Buddhism in 2007.
- Plays the guitar and the harmonica.
- Visited Sarajevo Film Festival (Bosnia, 8/2006)
- In March 2006 he visited Argentina to promote his film "Mary" (2005) at the Mar del Plata International Film Festival.
- Born on the same date as Mark Capri.
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