Azimuth Development Group
People:
Azimuth Development Group NYC portfolio
$448.1 million -development 51%, specialty 18%, D7 13%; Bronx 86%, Manhattan 8%, Queens 2%*
553th largest portfolio by dollar value
360,050 sqft – specialty 48%, D6 14%, P5 11%; Bronx 58%, Manhattan 40%
1135th largest by SF
20 properties – Bronx 65%, Manhattan 25%, Brooklyn 5%
557th largest
288 residential units – Bronx 72%, Manhattan 27%
933th largest by residential units
0 foreclosures, 0 bankruptcies, 4 other court cases.
Company Activity past 24 months:
Buyer company: 7 for $51.1 million
Seller company: 1 for $5 million
Borrower company: 5 for $98.9 million
Developer (new building or major alteration): 1 for 68,853 square feet
Top Ten Associated Companies:
Broadview Capital (2), Webster Bank (2), Metropolitan Commercial Bank (1), Raza Development Fund, Inc. (1), 99 Morningside Noteholder LLC (1), Davis Companies (1), KeyBank (1), Second Providence Baptist Church (1), NYS Housing Finance Agency (1), NYC Department of Housing Preservation and Development (1)
Top Ten Associated People:
Jonathan G. Davis (1), Lawrence Andelsman (1), Ronald Sinclair (1), K. James Dittbrenner (1)
Recent activity as company:
• Janet Huang, Judy Mock and Huei Hsiang Wang sold 90-26 Grand Central Parkway, Jackson Heights, Queens for $12.9 million to Azimuth Development Group and Vertical Realty Capital on June 10, 2026.
• Azimuth Development Group and Vertical Realty Capital borrowed $8 million from Broadview Capital for 90-26 Grand Central Parkway, Jackson Heights, Queens on June 10, 2026.
• Titan Capital ID sold 783 Concourse Village West for $0 to Azimuth Development Group on February 03, 2026.
• TLOA Capital sold 3406 Park Avenue for $0 to Azimuth Development Group on January 16, 2026.
• TLOA Capital sold None for $0 to Azimuth Development Group on January 16, 2026.
• Azimuth Development Group and AECI Charter Schools Network borrowed $37.4 million from Webster Bank for 111 East 164 Street on October 23, 2025.
• All Hallows High School sold 111 East 164 Street for $24 million to Azimuth Development Group on October 23, 2025.
• Azimuth Development Group sold 11 West 116th Street, Harlem, Manhattan for $5 million to Second Providence Baptist Church on July 07, 2025.
• Azimuth Development Group borrowed $18.3 million from Self-Help Credit Union for 198 West Tremont Avenue on April 09, 2025.
• Macchia Group ground leased 4011 4 Avenue valued at $6.7 million to Azimuth Development Group on January 21, 2025.
Latest Stories:
• Azimuth signs contract for dev site in Morrisania (February 16, 2026)
• Azimuth Development Group in contract for likely dev site in Concourse Village (February 05, 2026)
• Azimuth signs $6.7M ground lease Macchia Group for dev site in Sunset Park (February 07, 2025)
• Azimuth pays $6.1M for dev site in Westchester Square (June 03, 2024)
• Azimuth signs $68.9M construction loan for 129 units in Melrose (April 11, 2024)
Court Records:
Properties: