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Jacob S. Dawson Of Florida Flamingo LLC Acquires Single Family Home From Michael Gronager For $16.47M

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SOLD
$16,470,000

Florida

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Single Family6,559 SF
Sold 03/17/2025
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Property Image
SOLD

Jacob S. Dawson Of Florida Flamingo LLC Acquires Single Family Home From Michael Gronager For $16.47M

2901 Flamingo Drive

See Similar Deals
Single Family6,559 SF
Sold 03/17/2025
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$2,511
Total Square Footage:6,559 SF
Transaction Type:Sale

The property asset involved in the transaction is a single-family residence located at 2901 Flamingo Drive in the Miami Beach market. The transaction was completed at a price of $16,470,000.00, and the property has a total square footage of 6559.0.

Summary of transaction details:

In this transaction, Michael Gronager of Chainalysis Inc was the seller represented by Brian Suarez and Jeri Jenkins from Coldwell Banker. Jacob S. Dawson, representing Florida Flamingo LLC, acquired the property with the assistance of broker Jorn Lahmann from Lahmann Global Real Estate.

Players

Jeri Jenkins
6 deals$73.2M volume
BROKER

Brian Suarez
Coldwell Banker
2 deals$25.8M volume(786) 303-9300
BROKER

Jorn Lahmann
Lahmann Global Real Estate
1 deal$16.5M volume(786) 247-5262
BROKER

Details

SOLD
IMAGE: Jeri Jenkins, Brian Suarez, Jorn Lahmann & Michael Gronager DATE: 03/17/2025 ADDRESS: 2901 Flamingo Drive MARKET: Miami Beach ASSET TYPE: Single Family ~ ACRES: 0.46 BUYER: Jacob S. Dawson - Florida Flamingo LLC SELLER: Michael Gronager - Chainalysis Inc BUYER'S REP: Jorn Lahmann - Lahmann Global Real Estate LLC SELLER'S REP: Brian Suarez & Jeri Jenkins - Coldwell Banker (@ColdwellBanker) SALE PRICE: $16,470,000 SF: 6,559 ~ PPSF: $2,511 NOTE: Chainalysis founder Michael Gronager sold his 6,559-square-foot Miami Beach mansion at 2901 Flamingo Drive to Florida Flamingo LLC as trustee of the Joya Land Trust. Brian Suarez and Jeri Jenkins of Coldwell Banker Realty represented the seller, while Jorn Lahmann of Lahmann Global R.E. represented the buyer.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$878,400.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$58,514.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$78,076.20
Annual Debt Service$936,914.43