Guido Subotovsky

President

Founder

Azimuth Development Group

Developer, Owner

Azimuth Development Group NYC portfolio

$416.8 million* – development 63.0%, V0 21.0%; Bronx 80.0%, Manhattan 9.0%

408th largest portfolio by dollar value

182,871 sqft – specialty 48.0%, D6 27.0%;

1297th largest by SF

12 properties – Manhattan 41%, Bronx 41%

692th largest

345 residential units – Bronx 76.0%, Manhattan 23.0%

579th largest by residential units

0 foreclosures, 0 bankruptcies, 3 other court cases.

Person Activity past 24 months:

Buyer signatory: 4 for $29 million

Seller signatory: 1 for $4.3 million

Borrower signatory: 4 for $97.2 million

Developer (new building or major alteration): 24 for 68,853 square feet

Top Ten Associated Companies:

Raza Development Fund, Inc. (2), Webster Bank (1), Crossroads Tabernacle (1), EB-5 New York State (1), NYS Housing Finance Agency (1), NYC Department of Housing Preservation and Development (1), Metropolitan Commercial Bank (1), Macchia Group (1), Azimuth Development Group (1), Top Rock Holdings (1)

Top Ten Associated People:

K. James Dittbrenner (1), Joseph Henry Cortese (1), George J. Macchia (1), Melissa McDonald (1), Vyacheslav Chertov (1), Jonathan Sopher (1)

Recent activity as company:

• Macchia Group sold 4001 4th Avenue, Sunset Park, Brooklyn for $6.7 million to Azimuth Development Group on February 06, 2025.

• Azimuth Development Group borrowed $10.2 million from Webster Bank for 1328 Castle Hill Avenue and 1300 Castle Hill Avenue, Westchester Square, Bronx on November 15, 2024.

• Crossroads Tabernacle sold 1328 Castle Hill Avenue, Westchester Square, Bronx for $7.5 million to Azimuth Development Group on November 15, 2024.

• Sopher Real Estate sold 2211 Westchester Avenue, Westchester Square, Bronx for $6.1 million to Azimuth Development Group on May 31, 2024.

• Azimuth Development Group borrowed $68.9 million from NYS Housing Finance Agency and NYC Department of Housing Preservation and Development for 450 East 158th Street and 407-409 East 158th Street, Melrose, Bronx on April 10, 2024.

• Mark Sonnenschein sold 450 East 158th Street and 407-409 East 158th Street, Melrose, Bronx for $4.3 million to Azimuth Development Group on April 10, 2024.

• Azimuth Development Group borrowed $11.8 million from Metropolitan Commercial Bank for 530 West 215th Street and 532 West 215th Street, Inwood, Manhattan on October 13, 2023.

• Raza Development Fund, Inc. borrowed $6.4 million from Raza Development Fund, Inc. for 2968 Third Avenue, Longwood, Bronx on October 06, 2023.

• Top Rock Holdings sold 134-11 221st Street, Laurelton, Queens for $8.7 million to Azimuth Development Group on August 16, 2023.

• Guido Subotovsky filed plans for new building for 94,542 sqft in Unionport, Bronx, on May 17, 2022.