Ct Square W, Queens, NY 11101

Cushman & Wakefield has been exclusively retained to arrange the sale of a rare bulk condominium acquisition within Skyline Tower (3 Court Square), widely regarded as the premier luxury residential asset in Long Island City. The offering comprises 11 penthouse residences located on floors 65 through 66, providing a unique opportunity to acquire control of top-of-building inventory at scale, at a basis unavailable through individual market transactions.

Delivered in 2021, Skyline Tower is a 67-story, glass curtain wall condominium consisting of 802 residences supported by full-service, institutional-quality amenities and building systems. The subject portfolio benefits from new construction condition, sponsor-level finishes, and zero near-term capital requirements, positioning the investment as a low-friction, capital-preservation-oriented allocation with embedded upside.

The unit mix—three one-bedroom, four two-bedroom, two three-bedroom, and two four-bedroom residences—offers diversification across buyer and tenant profiles while maintaining a consistent quality and elevation premium. Penthouse positioning provides superior long-term liquidity, insulation from competitive supply, and pricing durability across market cycles.

This acquisition is particularly well suited for private capital seeking flexibility across exit strategies, including individual retail sell-off, long-term or furnished rental execution, or a phased hybrid approach. The structure allows an owner to respond dynamically to market conditions while preserving control over disposition timing and pricing.

Skyline Tower occupies a best-in-class transit-oriented location in the heart of Court Square, with direct access to the E, M, G, and 7 subway lines via an on-site entrance, placing Midtown Manhattan one stop away. The surrounding neighborhood is anchored by major employment nodes, cultural institutions such as MoMA PS1, and a rapidly maturing retail and dining environment, reinforcing both end-user demand and long-term value stability.

This offering represents a scarce opportunity to acquire irreplaceable penthouse inventory in a modern, institutional-quality New York City asset, combining capital preservation, operational simplicity, and multiple paths to realization—attributes that are increasingly difficult to replicate in today’s market.