Guido Subotovsky
President
Founder
Azimuth Development Group
Developer, Owner
Azimuth Development Group NYC portfolio
$448.1 million -development 51%, specialty 18%, D7 13%; Bronx 86%, Manhattan 8%, Queens 2%*
493th largest portfolio by dollar value
360,050 sqft – specialty 48%, D6 14%, P5 11%; Bronx 58%, Manhattan 40%
1086th largest by SF
20 properties – Bronx 65%, Manhattan 25%, Brooklyn 5%
513th largest
288 residential units – Bronx 72%, Manhattan 27%
890th largest by residential units
0 foreclosures, 0 bankruptcies, 4 other court cases.
Person Activity past 24 months:
Buyer signatory: 7 for $51.1 million
Borrower signatory: 4 for $73.9 million
Developer (new building or major alteration): 13 for 329,104 square feet
Top Ten Associated Companies:
Webster Bank (2), TLOA Capital (2), Raza Development Fund, Inc. (2), Azimuth Development Group (1), Top Rock Holdings (1), Sopher Real Estate (1), Janet Huang (1), Judy Mock (1), Huei Hsiang Wang (1), NYS Housing Finance Agency (1)
Top Ten Associated People:
Michael Reiner (2), Vyacheslav Chertov (1), Jonathan Sopher (1), Janet Huang (1), Judy Mock (1), Huei Hsiang Wang (1), K. James Dittbrenner (1), Joseph Henry Cortese (1), David Saferstein (1), Christopher Hall (1)
Recent activity as signatory:
• Janet Huang, Judy Mock and Huei Hsiang Wang sold None 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 None 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 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.
Latest Stories:
• Azimuth, Vertical Realty pay $12.9M for parking lot in Jackson Heights (June 23, 2026)
• 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)