341 7 Avenue

Owner: Katan Realty Group

Acquired: January 16, 2025, $85 million

Debt: January 16, 2025, $73 million

Built: 1920

SF: 7,400

Dwelling units: 0

No. of buildings: 1

Class: Stores, Apartments Above (K4)

Floors: 4

Transactions:

• Katan Realty Group and Kohan Retail Investment Group and Ilya Mikhailov borrowed $73 million from Benefit Street Partners for 341 7th Avenue, 287 7th Avenue, 343 7th Avenue, and 167 West 29th Street, Chelsea, Manhattan on January 16, 2025.

• Namdar Realty Group and Empire Capital Holdings sold 341 7th Avenue, 287 7th Avenue, 343 7th Avenue, and 167 West 29th Street, Chelsea, Manhattan for $85 million to Katan Realty Group and Kohan Retail Investment Group and Ilya Mikhailov on January 16, 2025.

• Namdar Realty Group borrowed $78 million from Benefit Street Partners for 341 7th Avenue, 343 7th Avenue, 345 7th Avenue, and 167 West 29th Street, Chelsea, Manhattan on September 17, 2021.

• Clemons Management Corporation sold 341 7th Avenue, 343 7th Avenue, 345 7th Avenue, and 167 West 29th Street, Chelsea, Manhattan for $107 million to Namdar Realty Group on September 17, 2021.

Development:

• Vincet Terranova filed plans for A3 in Chelsea, Manhattan, on April 02, 2008.

• Vincent Terranova filed plans for A3 in Chelsea, Manhattan, on December 27, 2016.

• Vincent Terranova filed plans for A3 in Chelsea, Manhattan, on September 24, 2010.

• Mark Bishop filed plans for A3 in Chelsea, Manhattan, on May 20, 2015.

Violations:

According to city public data, the properties have received $50 in OATH penalties in the last year.

Latest Stories:

• Kohan Retail, partners pay $85M to Namdar, Empire for office in Chelsea (January 17, 2025)

• Namdar, Empire pay $107M to Clemons Management for four office properties in Chelsea (September 20, 2021)

• Namdar, and Empire Capital sign $78M acquisition loan with Benefit Street Partners for office properties in Chelsea (September 20, 2021)