Spigland Family Trust Sells Medical Office Building In Bronx For $1.2M With Cushman & Wakefield Rep
3307 Bainbridge Avenue
$1,200,000
$405/SF
Building Size
2,959 SF
Asset Type
Office
Closing
Dec 18, 2025
About this deal
AI
The office property located at 3307 Bainbridge Avenue in the Bronx has been sold for $1,200,000. The asset spans 2,959 square feet, which equates to a price per square foot of $405. The property is leased to Montefiore, making it a NNN leased medical office building.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,200,000
- Square Footage: 2,959
- Price per Square Foot: $405
- Seller: Spigland Family Trust
- Brokers: Jonathan Squires, Josh Neustadter & Austin Weiner - Cushman & Wakefield
The transaction involved key brokerage figures Jonathan Squires, Josh Neustadter, and Austin Weiner, representing the seller, Spigland Family Trust. Their collaboration facilitated the successful closing of this property deal.
On the Map
$1,200,000
$405/SF
Office
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Players
Bronx Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93