Buyers Cynthia Sulzberger And Steven Green Purchase Forté On Flagler 1402 From Two Roads
1309 South Flagler Drive
$7,900,000
$1,881/SF
Building Size
4,200 SF
Asset Type
Condo
Closing
Aug 8, 2025
AI
Condo at 1309 South Flagler Drive Unit 1402 in West Palm Beach, part of the Forté on Flagler project. The 4,200-square-foot residence sold for $7,900,000, equating to approximately $1,881 per square foot, within the West Palm Beach market.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $7,900,000
- Address: 1309 South Flagler Drive Unit 1402
- Market: West Palm Beach
- Square Footage: 4,200 SF
- Price Per Square Foot: $1,881
- Buyers: Cynthia Sulzberger & Steven Green
- Sellers: Brad Meltzer, Taylor Collins & Reid J. Boren - Two Roads Development; Marius Fortelni & Scott Maslin - Alpha Blue Ventures
- Note: Three units remain for sale in the Forté on Flagler project
Closing date: 08/08/2025. The transaction involved a private couple as buyers and two development entities behind the Forté on Flagler project, highlighting a collaboration between high-net-worth buyers and developer-backed sales in West Palm Beach.
Players
West Palm Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93