Philanthropist Roger Sant Donates $23.8M Sale Price Of Ritz-Carlton Condo In New York

Core Insights - Roger Sant, co-founder of AES Corp., sold his full-floor condo at the Ritz-Carlton Residences in New York City for $23.8 million, with the entire sale price earmarked for charitable donations, showcasing a blend of luxury real estate and philanthropy [1][2]. Group 1: Sale Details - The condo was originally listed at $39 million, later reduced to $29 million, indicating volatility in the ultra-luxury real estate market [3]. - Sant purchased the condo for $17.6 million in 2017, resulting in a significant gain despite the final sale price being lower than the initial asking price [3]. Group 2: Property Features - The condo spans 6,800 square feet and is one of only 12 units in the Ritz-Carlton, a historic building designed by Emery Roth [4]. - The primary suite is a 2,000-square-foot space with two bathrooms, two dressing rooms, and views of Central Park [5]. Group 3: Ownership Costs and Philanthropy - The new owner will incur over $17,000 in common charges for various luxury services, including a private lobby and concierge [6]. - Sant is known for his philanthropic efforts, particularly in environmental conservation, as co-founder and chairman emeritus of The Summit Foundation [6].