Benjamin Duell Purchases 9200 Square Foot Condo In West Palm Beach For $28.3 Million
1309 South Flagler Drive
$28,300,000
$3,076/SF
Building Size
9,200 SF
Asset Type
Condo
Closing
Oct 1, 2025
AI
A condo located at 1309 South Flagler Drive Unit 2401 in West Palm Beach was sold for $28,300,000. This property features a total area of 9,200 square feet, resulting in a price per square foot of $3,076.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $28,300,000
- Buyer: Benjamin Duell
- Seller: Reid J. Boren & Taylor Collins - Two Roads Development; Marius Fortelni & Scott Maslin - Alpha Blue Ventures
- Broker: Christian Angle - Christian Angle Real Estate
- Market: West Palm Beach
Benjamin Duell, a managing director at Goldman Sachs, acquired the penthouse known as Forté on Flagler, which is part of a 25-story, 40-unit tower developed by the sellers, who are associates of Two Roads Development and Alpha Blue Ventures.
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
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93