341 7 Avenue
Chelsea, Manhattan
Parcel ID (BBL): 1008050001
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, 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, 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.
Litigation:
• Davis Companies filed a $73 million pre-foreclosure 654762/2026 on August 14, 2026, against Kohan Retail Investment Group and Katan Realty Group at 341 7 Avenue.
• Davis Companies filed a $73 million pre-foreclosure 654762/2026 on August 14, 2026, against Kohan Retail Investment Group and Katan Realty Group at 341 7 Avenue.