Wagstone Capital Files Permits For 15-Story Prospect Heights Mixed-Use Building

• Wagstone Capital LLC, led by Barry Wagschal, filed permits for a 15-story mixed-use building at 858 Atlantic Avenue in Prospect Heights, Brooklyn.
• The project would include 36 residential units and ground-floor commercial space across roughly 23,884 square feet.
• The site sits near the Clinton Washington Avenues subway station, adding new housing along a growing Atlantic Avenue corridor.

Barry Wagschal Moves Forward With Prospect Heights Development

Permits have been filed for a 15-story mixed-use building at 858 Atlantic Avenue in Prospect Heights, Brooklyn, with Barry Wagschal of Wagstone Capital LLC listed as the owner behind the applications. The site sits between Vanderbilt Avenue and Underhill Avenue on Atlantic Avenue and is located near the Clinton–Washington Avenues subway station, which is served by the C train. The project would add new housing to a corridor that has seen steady residential growth in recent years.

What The Development Will Deliver

The proposed building will rise 155 feet tall and contain approximately 23,884 square feet of total floor area. Of that, 23,591 square feet is planned for residential use, while 292 square feet will be allocated for commercial space. Plans call for 36 residential units, which will likely be rentals based on the average unit size of around 655 square feet. The structure will be built with a masonry-based design and will include a cellar level along with a 30-foot rear yard.

What The Project Means For Prospect Heights Housing Supply

The development adds modest residential density to Prospect Heights, a Brooklyn neighborhood that continues to attract small and mid-sized multifamily projects due to its transit access and proximity to Downtown Brooklyn and Barclays Center. Gladmore Mwandiambira of Baobab Architects P.C. is listed as the architect of record for the project. Demolition permits have not yet been filed, and an official construction timeline or estimated completion date has not been announced.