Azimuth Development Group

azimuthdg.com/about.php

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Azimuth Development Group portfolio

$22.6 million* – specialty 51.0%, development 19.0%; Manhattan 63.0%, Bronx 34.0%

1616th largest portfolio by dollar value

181,011 sqft – specialty 48.0%, D6 28.0%;

1310th largest by SF

11 properties – Manhattan 45%, Bronx 45%

796th largest

345 residential units – Bronx 76.0%, Manhattan 23.0%

592th largest by residential units

0 foreclosures, 0 bankruptcies, 3 other court cases.

Company Activity past 24 months:

Buyer company: 5 for $30.9 million

Seller company: 1 for $12 million

Borrower company: 5 for $283.8 million

Top Ten Associated Companies:

Top Rock Holdings (2), Raza Development Fund, Inc. (1), NYC Housing Development Corporation (1), Davis Companies (1), Metropolitan Commercial Bank (1), Mark Sonnenschein (1), NYS Housing Finance Agency (1), NYC Department of Housing Preservation and Development (1), Sopher Real Estate (1), Broadview Capital (1)

Top Ten Associated People:

Jonathan G. Davis (1), Vyacheslav Chertov (1), Guido Subotovsky (1), Jonathan Sopher (1), Lawrence Andelsman (1), Joseph Henry Cortese (1), K. James Dittbrenner (1)

Recent activity as company:

• 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.

• Barone Management, Shie Lefkovits and Azimuth Development Group borrowed $25 million from Broadview Capital for 134-11 221st Street, Laurelton, Queens on November 14, 2024.

• Azimuth Development Group for Guido Subotovsky filed plans for new building for 68,853 sqft in Eastchester, Bronx, on October 21, 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 and Shimon Klein for Shimon Kleinman filed plans for new building for 61,123 sqft in Laurelton, Queens, on January 24, 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.

• Top Rock Holdings sold 2970 3rd Avenue, Longwood, Bronx for $4.3 million to Azimuth Development Group and Top Rock Holdings on October 05, 2023.