Azimuth Development Group
People:
Azimuth Development Group portfolio
$22.6 million – specialty 51.0%, development 19.0%; Manhattan 63.0%, Bronx 34.0%
1593th largest portfolio by dollar value
181,011 sqft – specialty 48.0%, D6 28.0%;
1290th largest by SF
11 properties – Manhattan 45%, Bronx 45%
146th largest
345 residential units – Bronx 76.0%, Manhattan 23.0%
473th largest by residential units
0 foreclosures, 0 bankruptcies, 3 other court cases.
Company Activity past 24 months:
Buyer company: 4 for $26.6 million
Seller company: 0 for $0
Borrower company: 3 for $90.8 million
Lender company: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Raza Development Fund, Inc. (1), Top Rock Holdings (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), EB-5 New York State (1), KeyBank (1), 99 Morningside Noteholder LLC (1)
Top Ten Associated People:
Vyacheslav Chertov (1), Guido Subotovsky (1), Jonathan Sopher (1), Joseph Henry Cortese (1), K. James Dittbrenner (1)
Latest Stories:
• 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)
• Top Rock Holdings pays $7M for development in Laurelton (December 12, 2022)
• Anonymous buyer acquires $20M note secured by Azimuth’s West Harlem property (May 10, 2021)
Litigation: