345 Seventh Avenue.

New York, New York — Mike Kohan, Principal of Kohan Retail Investment Group, confirmed the purchase of the properties located at 341, 343, and 345 Seventh Avenue and 167 W. 29th Street. This significant acquisition, made in partnership with Katan Group and investors Ilya Mikhailov, Alan Assil and Kevin Assil, represents an exciting addition to the growing portfolio.

"We are excited to join the midtown community, as we have deep roots in the region, and we look forward to expanding our presence in such a vibrant and trendy area," stated Mike Kohan. “Our property, which occupies 75% of the block, will add significant value to our portfolio, and we anticipate continued growth and success.

The plan for 345 Seventh Avenue focuses on retaining our current tenants while also welcoming additional businesses to the building. By preserving the integrity of 345 Seventh, we aim to meet the needs of our existing tenants and adapt to the evolving demands of modern employees, positioning ourselves as leaders in the market."

This purchase represents an excellent investment opportunity. Development plans for 341 and 343 and 167 West 29th are currently under review, and further announcements would be premature. However, it is clear that the dynamic and thriving environment of New York City, along with the property's close proximity to a major transportation hub, positions it to reach its full potential.