Exclusive | Once asking $45M, NYC penthouse chops its price to $19M and insiders say it still isnt cheap enough

A storied penthouse perched atop one of Manhattan’s most exclusive addresses has returned to the market for the fifth time — and for quite a discount.Now asking $19 million, it’s a stunning $26 million below the $45 million price its owners first dangled before buyers nearly six years ago, The Post has learned.The crown jewel of 1 Sutton Place South, a landmark Rosario Candela-designed cooperative on the East River, re-listed June 18 with Serena Boardman of Sotheby’s International Realty.

Boardman did not respond to a request seeking comment.At the helm of the unit are Richard Perry — the hedge fund impresario turned Barneys New York chairman whose empire unraveled spectacularly — and his wife Lisa, a fashion designer whose bold aesthetic is as synonymous with the apartment.(Same goes for the Jeff Koons metallic green diamond sculpture the couple once planted on its terrace, reportedly sending neighboring residents into a blind rage over its laser-like glare.)The Perrys paid $10.9 million for the apartment in 2000, after it had been sitting on the market for two years.

Now, a quarter century later, they are asking nearly double that — but the market has not been kind to their ambitions.The listing saga began in November 2020 with a much higher $45 million ask.By June 2022, the price fell to $37.5 million. In August 2023, it came down again to $26 million, bouncing between brokerages before going dark entirely in May 2026. Late last week, it resurfaced at $19 million — the latest in a string of reductions that have collectively stripped more than $26 million off the original ask.Not everyone is convinced the bleeding has stopped.“The market will always dictate the price and it will also tell you when the price is not right,” one real estate agent, who asked not to be named, told The Post. “In this case, this penthouse was priced too too high from the start.

Even at its current price of $19 million — for its location and acquired taste, I...