Lee & Associates NYC arranges 17,000 s/f lease on behalf of Hydrogen Fitness, bringing high-end fitness concept to Murray Hill

Manhattan, NY Lee & Associates NYC arranged a 17,000 s/f retail lease with Hydrogen Fitness at 145 East 32^nd St. in the Murray Hill neighborhood. The 15-year lease marks Hydrogen Fitness’s first location in the city as the brand expands its high-end fitness concept into New York City.

Hydrogen Fitness will occupy the ground floor, lower level and mezzanine levels of the building, creating a dynamic, multi-level fitness destination designed to serve the neighborhood’s residential and professional population.

Thomas Capuano of Okada & Company represented the landlord, Meyer Equities; Lee & Associates NYC’s Cory Gahr and Josh Lebowitz represented the tenant. Hydrogen Fitness is expected to open its new facility in January 2027.

“Hydrogen Fitness recognized the opportunity to establish a flagship presence in Murray Hill, where strong residential density and consistent daytime population create an ideal environment for a premium fitness offering. We’re seeing increasing interest from operators who want to deliver a more elevated, amenity-driven experience, and this space was uniquely positioned to accommodate that vision,” said Gahr.

Hydrogen Fitness, which operates locations in Greenwich, Conn. and Scarsdale, N.Y., is known for its upscale approach to health and wellness, offering a curated fitness experience tailored to discerning clientele. Founded in 2020 by Jonathan Gutwein and Andrew Pinon, the brand delivers an Equinox-quality experience at a more accessible price point, targeting the underserved middle market. As consumers become increasingly price-sensitive and the fitness landscape bifurcates between low-cost gyms and ultra-premium clubs, Hydrogen Fitness fills a clear gap — a luxury gym for less. Each location features top-of-the-line equipment, a robust schedule of classes, recovery treatments, sauna and steam rooms, as well as a 24-hour juice and smoothie concept, the Hydro Bar.

The space, formerly occupied by NY MRI, presented a rare opportunity for a large-format fitness user to secure a multi-level footprint in a Midtown location. The transaction underscores continued leasing momentum for large retail concepts across Manhattan, particularly in neighborhoods with strong live-work-play dynamics.