Lantern Organization
People:
Lantern Organization NYC portfolio
$114.3 million -elevator 78%, walkup 21%; Brooklyn 56%, Manhattan 21%, Bronx 21%*
1384th largest portfolio by dollar value
170,222 sqft – elevator 72%, walkup 27%; Bronx 72%, Manhattan 27%
1736th largest by SF
5 properties – Manhattan 60%, Bronx 20%, Brooklyn 20%
1882th largest
305 residential units – Manhattan 61%, Bronx 38%
842th largest by residential units
Company Activity past 24 months:
Borrower company: 2 for $28 million
Top Ten Associated Companies:
Bank of America (1), NYC Housing Development Corporation (1), NYC Department of Housing Preservation and Development (1), City of New York (1)
Top Ten Associated People:
Lauren Connors (1), Emily Lehman (1)
Recent activity as company:
• Lantern Organization borrowed $18.5 million from NYC Housing Development Corporation for 1853 Bathgate Avenue on June 20, 2025.
• Lantern Organization borrowed $9.5 million from City of New York for 330 West 51 Street on April 03, 2024.
• Richman Group and U.S.A. Institutional Tax Credit Fund XXXIX L.P. sold 1853 Bathgate Avenue for $14.1 million to Lantern Organization on December 27, 2023.
• Lantern Organization borrowed $6.4 million from NYC Department of Housing Preservation and Development for 528 West 123 Street on December 19, 2023.
• Mega Contracting Group and Lantern Organization borrowed $48.6 million from Bank of America for None on June 24, 2022.
Properties: