Prior to Lancaster's acquisition of the land, however, a group of men wishing to form a yacht club entered into a grant agreement with the West Rockaway Land Company in 1905. The group, which had named itself the Belle Harbor Yacht Club, bought property from the company for four-thousand dollars. The agreement included two-hundred square feet of land and thirty plots of upland. That same year, the group received corporation status by the State of New York, and by 1908 began participating in its first inter-club ocean races with some of the city's other yacht clubs.