Guido Subotovsky
President
Founder
Azimuth Development Group
Developer, Owner
Azimuth Development Group NYC portfolio
$468.4 million -development 56%, specialty 17%, D7 12%; Bronx 82%, Manhattan 8%, Queens 7%*
469th 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%
504th largest
474 residential units – Bronx 83%, Manhattan 16%
617th largest by residential units
0 foreclosures, 0 bankruptcies, 4 other court cases.
Person Activity past 24 months:
Buyer signatory: 7 for $44.3 million
Seller signatory: 1 for $4.3 million
Borrower signatory: 4 for $134.8 million
Developer (new building or major alteration): 15 for 329,104 square feet
Top Ten Associated Companies:
Webster Bank (2), TLOA Capital (2), Raza Development Fund, Inc. (2), NYS Housing Finance Agency (1), NYC Department of Housing Preservation and Development (1), EB-5 New York State (1), Self-Help Credit Union (1), All Hallows High School (1), Titan Capital ID (1), Crossroads Tabernacle (1)
Top Ten Associated People:
Michael Reiner (2), K. James Dittbrenner (1), Christopher Hall (1), David Saferstein (1), Joseph Henry Cortese (1), George J. Macchia (1), Melissa McDonald (1), Vyacheslav Chertov (1), Jonathan Sopher (1)
Recent activity as signatory:
• 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 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.
• 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 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.
• Azimuth Development Group borrowed $10.2 million from Webster Bank for 1338 Castle Hill Avenue on November 07, 2024.
• Crossroads Tabernacle sold 1338 Castle Hill Avenue for $7.5 million to Azimuth Development Group on November 07, 2024.
• Sopher Real Estate sold 1318 Castle Hill Avenue for $6.1 million to Azimuth Development Group on May 29, 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)
• Azimuth pays $8.7M to Top Rock for dev site in Laurelton (August 17, 2023)