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3307 Bainbridge Avenue

Spigland Family Trust Sells Medical Office Building In Bronx For $1.2M With Cushman & Wakefield Rep
SOLDOffice

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

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:

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.

Players

Josh Neustadter

Cushman & Wakefield

Broker

$545.5M

vol

60 deals

Broker

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