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Buyers Cynthia Sulzberger And Steven Green Purchase Forté On Flagler 1402 From Two Roads
SOLD
$7,900,000
Florida
See Similar DealsCondo4,200 SF
Sold 08/08/2025
SOLD
Buyers Cynthia Sulzberger And Steven Green Purchase Forté On Flagler 1402 From Two Roads
1309 South Flagler Drive
See Similar DealsCondo4,200 SF
Sold 08/08/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,881
Total Square Footage:4,200 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$421,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,067.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,450.03
Annual Debt Service$449,400.36
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