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Flatbush ave mixed-use buildings

Here's something I hadn't seen yet: a developer wants to add on to a Flatbush ave mixed use building. 

These buildings seem to be plentiful on Flatbush ave south of Parkside - storefront with 2 floor through apartments above. What shocks me is how many of the apartments are boarded up or covered by giant billboards. Surely these are 2 bedroom apartments, going for about $1500-$2000 each these days, even considering the noise level of living on a busy street. 
If any street in the area were ripe for more housing, it would be Flatbush, which is already about as lively as can be - you're not going to bother many people with construction or new residents there. 

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