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233 Park Lane

233 Park Lane In Atherton Sells For $40M - Michael Repka And Michael Warren Representing
SOLDSingle Family

233 Park Lane In Atherton Sells For $40M - Michael Repka And Michael Warren Representing

233 Park Lane

$40,000,000

$2,813/SF

Building Size

14,215 SF

Asset Type

Single Family

Closing

Oct 16, 2023

AI

A turnkey Atherton home with six bedrooms and eight bathrooms in over 14,000 square feet has been sold for $40 million in Atherton, the country's most expensive zip code. The property, located at 233 Park Lane, was listed by Michael Repka of DeLeon Realty and sold to a limited liability company named 233 PL Holding. This transaction marks the biggest sale of the year in the area.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $40,000,000
  • Address: 233 Park Lane
  • Market: Atherton
  • Square Footage: 14,215
  • Price Per Square Foot: $2,814

The seller's representative in this deal was Michael Repka from DeLeon Realty, while the buyer's representative was Michael Warren from Compass. Both brokers played key roles in facilitating the sale of the property.

Players

Michael Repka

Broker

$108.8M

vol

4 deals

Broker

Atherton Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.40%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93