Jerry Atkins Leases Retail Space To Double Summon At 133 Norfolk Street In Lower East Side
133 Norfolk Street
$100
$100/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Jan 31, 2026
AI
The retail asset located at 133 Norfolk Street in the Lower East Side has a modified gross lease type. The lease is for a total of 1,500 square feet, with an asking rent of $100 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $150,000
- Address: 133 Norfolk Street
- Market: Lower East Side
- Landlord: Jerry Atkins
- Tenant: Double Summon
- Landlord's Representative: Jon Kamali, Jeremy Kamali & Justin Kamali - J3K Real Estate
- Tenant's Representative: Noah Jay - Compass
The transaction involved key representatives from both sides. The landlord was represented by Jon Kamali, Jeremy Kamali, and Justin Kamali of J3K Real Estate, while the tenant was represented by Noah Jay of Compass, facilitating the lease agreement.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93