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

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In a existent property woody that blends luxury surviving with large-scale philanthropy, vigor titan and renowned creation collector Roger Sant has sold his full-floor condo astatine the Ritz-Carlton Residences successful New York City for $23.8 million, according to Robb Report.

Sant, co-founder of AES Corp., has earmarked the full merchantability terms for charitable donation, turning a monolithic existent property exit into a windfall for philanthropic causes.

The 28th-floor residence sold to a Delaware-based constricted liability institution with an code successful Fort Worth, Texas, Robb Report said.

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While $23.8 cardinal is significant, it highlights volatility successful the ultra-luxury segment. The spot was primitively priced astatine $39 million, earlier the terms dropped to $29 million.

Despite the last terms falling abbreviated of the archetypal asks, the merchantability is inactive a important summation implicit his acquisition price. Sant paid $17.6 cardinal for the condo successful 2017, according to Robb Report.

The 6,800-square-foot condo is 1 of conscionable 12 astatine the Ritz-Carlton, a 1920s operation designed by Emery Roth, who designed galore New York City buildings. The location was renovated for Sant by decorator Thomas Pheasant, who included a 33-foot-long assemblage starring to the surviving country and an adjoining eating room.

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The superior suite is simply a 2,000-square-foot sanctuary filling the full westbound wing. It has 2 bathrooms, 2 dressing rooms and Central Park views.

The outgo of a Ritz-Carlton residence goes beyond the acquisition price. The caller proprietor indispensable wage much than $17,000 successful communal charges for a suite of white-glove services, including a backstage resident-only lobby, dedicated concierge and afloat entree to the hotel's concern center, fittingness halfway and La Prairie Spa, according to Robb Report.

Sant has agelong been a fixture successful the satellite of high-impact giving. As co-founder and president emeritus of The Summit Foundation, his enactment has focused connected biology conservation.

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