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348 West 22nd Street

Karim Fadel Purchases SFR In Chelsea Manhattan From Karl Templer For $13.5M
SOLDSingle Family Residence

Karim Fadel Purchases SFR In Chelsea Manhattan From Karl Templer For $13.5M

348 West 22nd Street

$13,500,000

$2,522/SF

Building Size

5,353 SF

Asset Type

Single Family Residence

Closing

Jul 17, 2025

AI

The asset involved in the transaction is a single-family residence located at 348 West 22nd Street in Chelsea, Manhattan. The sale price for the property was $13,500,000, with a total square footage of 5,353. The price per square foot is calculated at $2,521.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $13,500,000
  • Address: 348 West 22nd Street
  • Market: Chelsea, Manhattan
  • Square Footage: 5,353
  • Price per Square Foot: $2,521
  • Buyer: Karim Fadel
  • Seller: Karl Templer
  • Buyer's Representative: Oran Reginiano - R New York
  • Seller's Representatives: Matthew Lesser, Tori Landon & Michael Pinchasick - Leslie Garfield

This transaction features Karim Fadel as the buyer, acquiring the property from seller Karl Templer. Oran Reginiano represented the buyer while the seller was represented by a team comprising Matthew Lesser, Tori Landon, and Michael Pinchasick.

Players

Matthew Lesser

Leslie Garfield

Broker

$579.5M

vol

40 deals

Broker
Leslie Garfield
Leslie GarfieldBrokerage

New York Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93