Updated Aug 6, 2025
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
About this deal
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
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.5K per square foot on a published $13.5M for 5,353 square feet (2025).
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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