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1309 South Flagler Drive

Buyers Cynthia Sulzberger And Steven Green Purchase Forté On Flagler 1402 From Two Roads
SOLDCondo

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

Reid J. Boren

Two Roads Development

Broker

$1.3B

vol

5 deals

Broker

Taylor Collins

Two Roads Development

Seller

$1.9B

vol

8 deals

Seller

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