R
ichard Perry, former chairman of Barney’s and hedge‑fund manager, and his wife Lisa, a fashion designer, have listed their 14‑room penthouse at 1 Sutton Place South for $26 million— their fourth attempt after a steep price cut from the original $45 million ask in 2020. The unit, which they bought for $10.9 million in 2000, sits on the top floor of a 13‑story limestone‑brick cooperative known for its exclusive board and high‑profile residents such as Sigourney Weaver and Maria Cuomo Cole.

    The penthouse covers 6,900 sq ft of interior space and boasts a 6,700 sq ft wrap‑around terrace overlooking the East River and the Manhattan skyline. High ceilings, gallery‑style walls, and sleek modern fixtures replace the original 18th‑century gold and ivory door frames. The former ballroom now serves as the living area, offering views of the Queensboro Bridge, while the primary suite provides terrace access. Other amenities include a chef’s kitchen, formal dining room, media room, and a spacious bedroom with plush carpeting.

    Richard’s former hedge fund, Perry Capital, closed in 2016 after a costly attempt to rescue Barneys, but he is reportedly launching a new venture this year. Lisa is known for modern fashion designs and flipping luxury properties in Palm Beach and the Hamptons. Neither has commented on the sale.

    The building, designed by Rosario Candela in the 1920s, has long been a crown jewel of Candela’s work. The penthouse originally featured two ballrooms and a 30‑foot dining room that opened onto the terrace; today those spaces have been repurposed. The unit was once home to socialites C.Z. Guest and Janet Annenberg Hooker, who hosted lavish parties attended by Richard Nixon.

    In 2009 the Perrys installed a giant Jeff Koons metallic‑green diamond sculpture on the terrace, sparking neighbor complaints about its glare. The property sat on the market for two years before the Perrys bought it for $4 million below asking, according to the Observer. They also own a three‑bedroom unit below the penthouse, purchased in 2014 for $7.6 million.

    The listing, handled by Maggie Gold Seelig of the Corcoran Group, has seen the price fluctuate, previously hovering at $37.5 million. The penthouse’s history, combined with the Perrys’ high‑profile renovations, makes it a notable entry in the exclusive Sutton Place South cooperative.