Azimuth Development Group
People:
Azimuth Development Group NYC portfolio
$468.4 million -development 56%, specialty 17%, D7 12%; Bronx 82%, Manhattan 8%, Queens 7%*
465th largest portfolio by dollar value
360,050 sqft – specialty 48%, D6 14%, P5 11%; Bronx 58%, Manhattan 40%
1063th largest by SF
20 properties – Bronx 65%, Manhattan 25%, Brooklyn 5%
498th largest
474 residential units – Bronx 83%, Manhattan 16%
611th largest by residential units
0 foreclosures, 0 bankruptcies, 4 other court cases.
Company Activity past 24 months:
Buyer company: 8 for $48.6 million
Seller company: 1 for $5 million
Borrower company: 5 for $159.8 million
Developer (new building or major alteration): 1 for 68,853 square feet
Top Ten Associated Companies:
Webster Bank (2), Broadview Capital (1), Davis Companies (1), NYC Housing Development Corporation (1), NYS Housing Finance Agency (1), NYC Department of Housing Preservation and Development (1), EB-5 New York State (1), Self-Help Credit Union (1), Second Providence Baptist Church (1), Metropolitan Commercial Bank (1)
Top Ten Associated People:
Lawrence Andelsman (1), Jonathan G. Davis (1), Ronald Sinclair (1), K. James Dittbrenner (1)
Recent activity as company:
• Titan Capital ID sold 783 Concourse Village West for $0 to Azimuth Development Group on February 03, 2026.
• TLOA Capital sold 3408 Park Avenue, 425 East 166th Street, 429 East 166th Street, and 3390 Park Avenue, Morrisania, Bronx for $0 to Azimuth Development Group on January 16, 2026.
• TLOA Capital sold 3406 Park Avenue for $0 to Azimuth Development Group on January 16, 2026.
• All Hallows High School sold 111 East 164 Street for $24 million to Azimuth Development Group on October 23, 2025.
• Azimuth Development Group and AECI Charter Schools Network borrowed $37.4 million from Webster Bank for 111 East 164 Street 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.
• Crossroads Tabernacle sold 1338 Castle Hill Avenue for $7.5 million to Azimuth Development Group on November 07, 2024.
• Azimuth Development Group borrowed $10.2 million from Webster Bank for 1338 Castle Hill Avenue on November 07, 2024.
Latest Stories:
• 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: