Ex-Wall Street bigwig asks $26M for his sprawling NYC penthouse — $19M below its 2020 asking price

Richard and Lisa Perry have re-listed their expansive penthouse at 1 Sutton Place South in New York City for $26 million, significantly lower than its original asking price of $45 million in 2020. This price drop highlights the challenges in the luxury real estate market, as the couple has struggled to find a buyer over the years. The sale of such a high-profile property could indicate broader trends in the market, making it a noteworthy development for potential buyers and investors.