132 Chauncey Street
Bedford Stuyvesant, Brooklyn
Parcel ID (BBL): 3016910012
Owner: Smith & Henzy Affordable Group
Acquired: July 02, 2025, $68.4 million
Debt: August 26, 2025, $58.1 million
Built: 1974
SF: 277,200
Dwelling units: 287
No. of buildings: 4
Class: Semi-fireproof (Without Stores) (D1)
Floors: 6
Transactions:
• Smith & Henzy Affordable Group borrowed $58.1 million from NYS Housing Finance Agency for 88-132 Chauncey Street, Bedford Stuyvesant, Brooklyn on August 26, 2025.
• Smith & Henzy Affordable Group borrowed $70.8 million from NYS Housing Finance Agency for 88 Chauncey Street, Bedford Stuyvesant, Brooklyn on July 15, 2025.
• Bushburg Properties sold 94-120 Chauncey Street, Bedford Stuyvesant, Brooklyn for $68.4 million to Smith & Henzy Affordable Group on July 02, 2025.
• Bushburg Properties borrowed $37.5 million from Webster Bank for 88-132 Chauncey Street, Bedford-Stuyvesant, Brooklyn on June 21, 2022.
Development:
• Timothy Henzy filed alteration job B01381505 for building in Bedford Stuyvesant, Brooklyn, on April 01, 2026.
• Timothy Henzy filed alteration job B01366392 for building in Bedford Stuyvesant, Brooklyn, on March 04, 2026.
• Timothy Henzy filed alteration job B01334444 for 2,700 sqft building with 163 apartments in Bedford Stuyvesant, Brooklyn, on January 05, 2026.
• Mark Mckelvey filed alteration job B01331989 for 48,000 sqft building with 163 apartments in Bedford Stuyvesant, Brooklyn, on December 11, 2025.
• Janice Gray-Pierre filed alteration job B01323157 for 8,073 sqft RES building with 287 apartments in Bedford Stuyvesant, Brooklyn, on November 24, 2025.
Violations:
According to city public data, the properties have received $6,250 in ECB penalties, 202 housing violations, $9,480 in OATH penalties, and two housing litigations in the last year.