Harbor Fitness, a Brooklyn-based fitness brand, has signed a lease for its eighth location in the region. The company is leasing 20,000 square feet at 3460 Nostrand Avenue from Gaama Partners. The lease agreement spans 25 years and includes ground floor and basement space at the Sheepshead Bay property.
According to brokerage firm Augenbaum Realty, which brokered the deal, the asking rent was $40 per square foot. Josh Augenbaum of Augenbaum Realty represented both the landlord and the tenant in this transaction. He stated that this location would fully serve the Sheepshead Bay community with state-of-the-art equipment and expert staff, as is the case at all Harbor Fitness locations.
Successful Collaboration and Site Development
Augenbaum has previously collaborated with Harbor Fitness. For example, in 2021, he assisted the brand in establishing its sixth location, a 26,000 square foot facility at 943 Kings Highway in Midwood, Brooklyn. Augenbaum mentioned that the long-standing business relationship originated from an initial phone call.
The new Harbor Fitness Club in Sheepshead Bay will also offer a 6,000 square foot outdoor area. Details from the fitness brand regarding this new project were initially pending.
Property Acquisition and Simultaneous Leasing
The single-storey property at 3460 Nostrand Avenue was previously used and owned by S&D Kids, a retailer of children's clothing, toys, and accessories. S&D Kids continues to operate a location at 1480 Rockaway Parkway in Canarsie. The building was put up for sale in early August 2025. Gaama Partners, whose mailing address matches that of Augenbaum Realty, acquired the property on 1 September this year for $5.1 million.
The lease agreement for Harbor Fitness was also signed on 1 September, according to Augenbaum Realty, indicating a swift and coordinated execution of the property deal.
