{"id":344588,"date":"2026-09-12T01:44:22","date_gmt":"2026-09-12T01:44:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/344588\/"},"modified":"2026-09-12T01:44:22","modified_gmt":"2026-09-12T01:44:22","slug":"azimuth-sells-bronx-educational-facility-to-equality-charter-school-for-55m-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/344588\/","title":{"rendered":"Azimuth Sells Bronx Educational Facility to Equality Charter School for $55M \u2013 Commercial Observer"},"content":{"rendered":"

Azimuth Development Group<\/a> has handed over ownership of a school facility in the East Bronx that appears to have been a build-to-suit construction job for the firm.<\/p>\n

Azimuth President Guido Subotovsky signed a $54.5 million deed transfer of 801 Bartholdi Street to Equality Charter School<\/a>, a tuition-free public school that will use the property as a 63,000-square-foot elementary school, according to property records<\/a>.<\/p>\n

SEE ALSO: Longpoint Buys Miami-Dade Warehouse Portfolio for $195M<\/a><\/p>\n

The property appears to have been completed in 2025 and contains two cafeterias, a gymnasium, and 6,000 square feet of recreational space on the rooftop. The site can accommodate 900 students, according to Azimuth\u2019s website<\/a>.<\/p>\n

It\u2019s unclear who brokered the deal. Spokespeople for Azimuth and Equality Charter School did not immediately respond to\u00a0 requests for comment.<\/p>\n

Equality Charter School currently has an elementary school at 3901 White Plains Road, a middle school at 4140 Hutchinson River Parkway East, and a high school at 2141 Seward Avenue, all in the Bronx.<\/p>\n

It\u2019s unclear if the school\u2019s administration will be consolidating any of its existing facilities within the new Bartholdi Street location.<\/p>\n

Azimuth, founded in 2009 by Subotovsky, specializes in projects that benefit local communities such as the development of affordable housing as well as market-rate units. The company says it has built <\/a>over 1 million square feet of mixed-use developments in the five boroughs since it was founded.<\/p>\n

In terms of educational facilities, Azimuth has previously teamed up with Joy Construction in the $140 million mixed-income development of two buildings and 330 rental units 2069 Bruckner Boulevard.<\/p>\n

It leased 12,000 square feet in that development to The Village School in June 2025<\/a>.<\/p>\n

Mark Hallum can be reached at mhallum@commercialobserver.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Azimuth Development Group has handed over ownership of a school facility in the East Bronx that appears to…\n","protected":false},"author":2,"featured_media":344589,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[129175,128,129176,2664,9,24,63,129,131,130],"class_list":["post-344588","post","type-post","status-publish","format-standard","has-post-thumbnail","category-the-bronx","tag-801-bartholdi-street","tag-bronx","tag-guido-subotovsky-channel","tag-investments-sales","tag-new-york","tag-new-york-city","tag-nyc","tag-the-bronx","tag-the-bronx-headlines","tag-the-bronx-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/344588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=344588"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/344588\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/344589"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=344588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=344588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=344588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}