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
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