What Azimuth Development Group does

Azimuth Development Group LLC is a privately held, full-service real estate development firm headquartered at 40 Fulton Street in Lower Manhattan, New York City. Founded in 2009 by Guido Subotovsky, the firm specializes in developing both affordable and market-rate housing as well as community facilities across the five boroughs of New York City, with a portfolio footprint heavily concentrated in the Bronx and Manhattan. Since inception, Azimuth has launched development of over 1,000,000 square feet of mixed-use properties and has delivered more than 1,500 housing units. Its service stack spans site identification and acquisition, pre-development oversight, financing sourcing, construction monitoring, and property management. The firm is notably small in headcount (1–10 employees) and is led by founder Guido Subotovsky, with a lean team of executives covering development, project management, asset management, and accounting functions.

Azimuth's underlying business model is project-based real estate development rather than technology-driven, and there is no indication of proprietary software, AI, or platform architecture. The firm generates revenue through developer fees, property sales, and long-term asset ownership across its portfolio, which spans mixed-income housing developments (e.g., Concourse Village West at $110 million, Morris Court at $70 million, 1755 Watson Avenue with $107 million in financing), supportive housing for vulnerable populations in partnership with nonprofits such as Homeward NYC and The Jericho Project, 100% affordable housing under the NYC Inclusionary Housing Program, senior housing, and a smaller number of luxury condominium projects. Its customer base is institutional rather than retail: the firm targets charter school networks (Brooklyn Rise, Equality Charter School, School in the Square, Charter Middle School for Law and Social Justice, Amber Charter), nonprofit housing operators (Homeward NYC, Women in Need, Jericho Project), and government-aligned financing partners (NYC HDC).

Azimuth's go-to-market is direct enterprise field sales combined with relationship-driven development: the firm identifies sites, pursues entitlements and rezonings through municipal engagement, secures construction and permanent financing from a network of lenders and tax credit syndicators (Wells Fargo, TD Bank, JPM Chase, Credit Suisse, HDC, Raymond James Tax Credit Funds, RiverOak NYC), and delivers projects to anchor institutional tenants or through affordable housing lotteries. The company maintains a modest digital presence via its company website and LinkedIn, with the bulk of pipeline development occurring through the founder's longstanding community relationships and entitlements expertise.

Name

Azimuth Development Group

Legal name

Azimuth Development Group LLC

Website

https://azimuthdg.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

Azimuth Development Group is a New York City-based real estate development firm founded in 2009 that builds affordable, supportive, and market-rate housing plus community facilities for institutional clients, nonprofits, charter schools, and government entities across the five boroughs.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116), New Housing For-Sale Builders (236117), Land Subdivision (23721)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Operative Builders (1531)

akta.pro primary industry

Residential Affordable Housing Development & Construction (IMAFABAI)

akta.pro secondary industries

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB), New Construction & Builder Sales (BPAJAAAB), Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF)

Keywords

• Real estate development
• Affordable housing development
• Mixed-use construction
• Site acquisition services
• Construction management

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Others

Revenue model

1. Real Estate Development Services: Azimuth generates revenue through real estate development projects, including site acquisition, development, construction management, and property delivery. The company develops both affordable and market-rate housing, as well as community facilities, generating revenue through development fees, property sales, and long-term asset ownership.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Azimuth Development Group is a full-service real estate development firm specializing in the construction of both affordable and market rate housing. The company provides end-to-end development services including site identification and acquisition, pre-development oversight, financing coordination with lenders and equity partners, and construction management. Since 2009, the firm has developed over 1,000,000 square feet of mixed-use properties and 1,500+ housing units across Manhattan, the Bronx, Brooklyn, and Queens.

Product overview

Azimuth Development Group is a full-service real estate development firm specializing in the construction of both affordable and market rate housing. The company operates a portfolio of distinct development projects organized into several categories: mixed-income housing developments (Concourse Village West, 1755 Watson Avenue, The Bedford, Morris Court), supportive housing for vulnerable populations (Homeward Central Harlem at 15 West 118th Street, 450 & 407 East 158th Street, 316 East 91st Street), senior housing (Intervale Senior Residencies), luxury condominiums (231 West 26th Street, 99 Morningside Ave), community facility developments (charter schools at 801 Bartholdi Street, 200 West Tremont Avenue, Brooklyn Rise at 4001 4th Avenue, 530 West 215th Street), and 100% affordable housing under the NYC Inclusionary Housing Program (321 East 60th Street). The firm's service offerings include site identification and acquisition, pre-development and development oversight, financing sources, and construction and management. Since founding in 2009, the company has launched development of over 1,000,000 square feet of mixed-use properties across Manhattan, The Bronx, Brooklyn and Queens.

Differentiator

Problem solved

Functional benefit

Products and services

• Concourse Village West A 275-unit mixed-income housing development in the South Bronx at 702 Grand Concourse and 707/747 Concourse Village West, with ground floor retail, community facilities, and on-site parking. Total development cost of $110,000,000.
• 15 West 118th Street (Homeward Central Harlem) A nine-story, 51-unit LGBTQIA+-affirming supportive housing development for unhoused youth ages 18-25 in Central Harlem, developed in partnership with Homeward NYC. Completed October 2023.
• 1755 Watson Avenue (Soundview Multifamily) A 326-unit mixed-income development in the Soundview neighborhood of the Bronx with ground floor retail, community facility space, and on-site parking, recently rezoned from R5 to R7A.
• The Bedford An 80,000 square foot mixed-income building with 60 units in the Norwood neighborhood of the Bronx, featuring 10,000 square feet of ground floor retail as part of the Webster Avenue Rezoning Project. Total development cost of $20,000,000.
• Morris Court A two-building development in the South Bronx consisting of 201 units of mixed-income housing (250 East 144th Street and 253 East 142nd Street) with ground floor retail, daycare center, and underground parking. Total development cost of $70,000,000.
• 321 East 60th Street A 21-unit, 25,000 square foot 100% affordable housing building in Manhattan developed under the NYC Inclusionary Housing Program. Total development cost of $24,000,000.
• Intervale Senior Residencies A 48-unit, 40,000 square foot affordable development for seniors aged 55 and older in the Hunts Point neighborhood of the Bronx serving low and very low income senior residents. Total development cost of $11,300,000.
• 316 East 91st Street A 31,718 square foot mixed-use project on the Upper East Side housing Women in Need supportive housing program for homeless women and children, plus Sunshine Day Care early childhood educational center. Total development cost of $27,500,000.
• 231 West 26th Street A 13,000 square foot luxury boutique condominium project in Chelsea, Manhattan with 7 oversized floor-through units averaging over 1,400 square feet each, featuring private elevator access, virtual doorman, and private outdoor space. Total development cost of $13,500,000.
• 530 West 215th Street (Inwood Charter School Development) An Inwood development encompassing an 80,000 square foot gut renovation of Amber Charter School and redevelopment of the Hurst Mansion into a 50,000 square foot new location for School in the Square charter school.
• 99 Morningside Ave A 57,000 square foot luxury condominium development with 23 units ranging from 1-4 bedrooms (560-2,300 square feet) featuring top-of-the-line appliances, gym, attended lobby, and private outdoor spaces overlooking Morningside Park. Total development cost of $36,000,000.
• 450 & 407 East 158th Street Two mixed-use buildings for supportive housing in the Melrose neighborhood of the Bronx, developed in partnership with The Jericho Project to provide housing for formerly homeless families and veterans.
• 801 Bartholdi Street (Equality Charter School) A 63,000 square foot educational facility for Equality Charter School's elementary school program with a high-school regulation gymnasium, approximately 6,000 square feet of rooftop recreational space, and dedicated program rooms for up to 900 students. Expected completion 2025.
• 4001 4th Avenue Brooklyn (Brooklyn Rise Charter School) A 36,000 square foot facility housing Brooklyn Rise's Elementary and Middle School, serving over 450 students in grades K-8. Construction expected to be complete for the 2027/2028 school year.
• 200 West Tremont Avenue (Charter School for Law and Social Justice) A 40,000 square foot former office building being renovated into a state-of-the-art charter school for the Charter Middle School for Law and Social Justice. Scheduled to begin occupancy in the 2026-2027 school year.
• Real Estate Development Services End-to-end real estate development services covering site identification and acquisition (viability analysis, feasibility, and due diligence), pre-development and development oversight (construction monitoring, marketing), financing coordination (relationships with lenders and equity partners for top-of-the-market financing), and construction management (day-to-day oversight and contractor coordination).

Quantifiable outcome

• Over 1,000,000 square feet of mixed-use properties developed across NYC boroughs
• +2 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and major.

• The Jericho ProjectcoreStrategic or Co-development PartnerStrategic partnership for supportive housing development at 450 & 407 East 158th Street. Jericho Project provides services for formerly homeless families and veterans. Joint development of mixed-use supportive housing buildings.
• Homeward NYCcoreStrategic or Co-development PartnerPartnership with Homeward NYC for LGBTQ-affirming supportive housing development at 15 West 118th Street (Homeward Central Harlem). Homeward provides on-site supportive services including mental health support, job placement, and life skills training for young adults.
• Aufgang ArchitectsmajorTechnology or IntegrationArchitecture firm providing design services for multiple projects including Concourse Village West and 1755 Watson Avenue. Specialist in affordable housing and mixed-use design.
• Aufgang Architects + Subotovsky AIAmajorTechnology or IntegrationJoint architecture partnership for The Bedford project, combining Aufgang Architects' expertise with Subotovsky's design firm for mixed-income housing development.
• Kossar + Garry ArchitectsmajorTechnology or IntegrationArchitecture firm for 15 West 118th Street LGBTQ-affirming supportive housing project. Designed nine-story Harlem property serving unhoused youth.

Scale indicators13 records

Direct peers

• L+M Development Partners: L+M is one of NYC's largest affordable and mixed-income housing developers with 2,500+ units in pipeline, closely comparable to Azimuth's mixed-income multifamily focus across NYC boroughs. Both target HPD/HDC programs and leverage LIHTC equity.
• Breaking Ground: Breaking Ground is a major NYC supportive housing developer and operator, directly comparable to Azimuth's supportive housing work with Homeward NYC, Women in Need, and Jericho Project.
• Monadnock Development: Monadnock is a NYC affordable housing developer specializing in supportive housing and community facility development, comparable to Azimuth's mixed-use developments with social services anchors.
• The Arker Companies: Arker is a Bronx-focused affordable and supportive housing developer with deep NYC institutional relationships, comparable to Azimuth's Bronx concentration and HDC financing access.
• Habitat for Humanity NYC: NYC Habitat is a nonprofit developer producing affordable housing across NYC boroughs with similar unit volume to Azimuth and comparable HPD partnership models.
• NYC Housing Partnership: Housing Partnership is a NYC nonprofit affordable housing developer working closely with HPD, comparable in mission and project structure to Azimuth's affordable portfolio.
• Bronx Pro Group: Bronx Pro Group is a South Bronx affordable housing developer with comparable scale to Azimuth's Bronx portfolio (Concourse Village West, Morris Court, 1755 Watson Ave). Both work with HDC and similar lender pools.
• Phipps Houses: Phipps is a NYC nonprofit developer of affordable and supportive housing with a long track record comparable to Azimuth's 1,500+ unit portfolio. Both work closely with HPD, HDC, and supportive housing service providers.

Others

• Aufgang Architects: Aufgang is a long-standing architecture partner on Azimuth's projects (Concourse Village West, 1755 Watson, The Bedford). Comparable as an ecosystem enabler in NYC affordable housing design and a direct partner.
• HDC (NYC Housing Development Corporation): HDC is both a major lender ($107M Soundview, $70M Morris Court) and a counterparty/regulator shaping the affordable housing finance environment in which Azimuth operates. Included as ecosystem participant, not direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/azimuth-development-group-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Azimuth Development Group