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Activate Games Leases 14,812 Square Feet At 24 Union Square East In Midtown Manhattan

Property Image
LEASED
$350
Drew Weiss
Chandler Slate
+ 1

New York

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Office14,812 SF
Leased 02/03/2025
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Property Image
LEASED

Activate Games Leases 14,812 Square Feet At 24 Union Square East In Midtown Manhattan

24 Union Square East

See Similar Deals
Office14,812 SF
Leased 02/03/2025
Drew Weiss
Chandler Slate
+ 1
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$350
Total Square Footage:14,812 SF
Transaction Type:Lease

An office asset located at 24 Union Square East in Midtown Manhattan has been leased by Activate Games for a total of 14,812 square feet. The property features an asking rent of $350 per square foot for the ground floor and $95 per square foot for the entire second floor, reflecting its positioning in a prime market area.

Summary of transaction details:

The deal involved the landlord S. Klein Family and the tenant Activate Games, represented by their respective brokers. Drew Weiss and Jeffrey Roseman from Newmark handled the landlord's interests, while Sherry Chera and Chandler Slate from Tri State Commercial Realty represented the tenant in the transaction. Activate Games' new location marks its first in New York City, occupying a significant portion of this sought-after property.

Players

Chandler Slate
33 deals$10.7M volume
BROKER

Jeffrey Roseman
Newmark
10 deals
BROKER


Sherry Chera
Tri State Commercial Realty
8 deals
BROKER

Details

LEASED
IMAGE: Chandler Slate, Sherry Chera, Adam Schmidt, Megan Schmidt, Jeffrey Roseman & Drew Weiss DATE: 02/03/2025 ADDRESS: 24 Union Square East MARKET: Midtown Manhattan ASSET TYPE: Office LANDLORD: S. Klein Family TENANT: Adam Schmidt & Megan Schmidt - Activate Games (@ActivateGames) LANDLORD'S REP: Drew Weiss & Jeffrey Roseman (@JeffreydRoseman) - Newmark (@Newmark) TENANT'S REP: Sherry Chera (@SherryChera) & Chandler Slate (@Chandler.Slate) - Tri State Commercial Realty (@TriStateCommercial) ASKING RENT: $350/ft ~ SF: 14,812 NOTE: Activate Games signed a long-term lease for 14,812 square feet at 24 Union Square East, marking its first NYC location. The interactive arcade will occupy part of the ground floor and the entire second floor, with asking rents of $350 and $95 per square foot, respectively.

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Deal Type
Effective Rent (Annual)

$5,943,104.31

Total Lease Value

$59,431,043.13

Net Landlord Cash Flow$5,943,104.31