The Real Deal New York

Keith Richards is taking a loss on his penthouse at 1 Fifth Avenue

Rock and roll legend first put it on the market for $12.2 two years ago
September 11, 2018 01:30PM

Keith Richards and the penthouse at 1 Fifth Avenue (Credit: Getty Images)

For all Keith Richards cares, the new owner of his 1 Fifth Avenue penthouse can paint it black.

The Rolling Stones rhythm guitarist will finally part with the Greenwich Village home for a sale price of $9 million, Variety reports, despite initially trying to get $12.2 for it two years ago.

The apartment at the Art Deco tower overlooking Washington Square Park was renovated and redesigned by architect Joe Serrins in 2011. Other notable buyers in the building include Brian de Palma, Tim Burton and Jessica Lange.

Richards and wife Patti Hensen bought the eight-room duplex for $10.5 million in 2014, meaning the couple will take a hit to their finances with lower sale price, though sympathizing with a multi-millionaire losing just $1.5 million is a bit like having sympathy for … well, you know the song. [Variety] — Will Parker