Manhattan Chelsea Condo Investment Review! - Lantern House

Our client wanted to buy a two-bedroom condo as an investment within Manhattan. The Koriny team, through various searches, targeted several high-value areas within the city. After comparing areas and listings, the client chose the Chelsea area, known for being a culturally dense yet stable and quiet residential area.

Chelsea is known as a cultural hub with a concentration of artists, upscale restaurants and bars alongside newly built condos following the High Line and well-preserved townhouses with a rich history.

Landmarks such as the High Line, Chelsea Market, and the Whitney Art Museum are located here, and it is closely connected to Hudson Yards, making it possible to walk to landmarks such as The Vessel, Little Island, and Hudson River Park.

Being in a prime location, the client’s future tenants would have access to a total of nine subway lines, making transportation convenient. It's also a good area for commuting to Parsons Design School in 13 minutes by subway, and the Fashion Institute of Technology and New York University in 15 minutes by subway.

After purchasing the condo, Koriny's leasing management team found tenants within a week who moved in immediately. Our client rented to a young couple working at Google.

Lantern House is a luxury condo with 21 floors and 181 units completed in 2020. It is a unique architectural structure designed and planned by renowned British architect Thomas Heatherwick.

Designed with inspiration from Victorian homes in the United Kingdom, it showcases a unique exterior with jar-shaped windows. It consists of two buildings on both sides of the High Line with a view of Hudson Yards, and it quickly became very popular, with over 40 units being contracted immediately after completion.

Lantern House's amenities include a 24-hour lobby, private garden under the High Line, rooftop deck, library, private dining and bar, game room and media room, business lounge, 75-inch swimming pool and sauna, yoga room, fitness center, Pilates studio, kids' room, dining room, and event room, among other luxurious facilities.

High ceilings, excellent natural light, kitchens equipped with German luxury Gaggenau appliances, marble slab countertops, wide plank French oak floors, custom bronze finishes, and special glass walls make Lantern House condos stand out for comfort and modern design.