Nonprofit Malikah Inc. pays $2.6M for mixed-use in Astoria

The nonprofit anti-violence organization Malikah Inc. through the entity Malikah Inc. paid $2.6 million to Malika Hamirani through the entity 3202 45th Street LLC for the mixed-use building (K2) at 44-18 Broadway in Astoria, Queens. The expected use is owner-occupied.
The deal closed on August 1, 2025 and was recorded on August 29, 2025. The property has 4,037 square feet of built space and 975 square feet of additional air rights for a total buildable of 5,000 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $644 and the price per buildable square foot is $520 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The seller bought the property on November 25, 2013, for $1.3 million. The signatory for Malika Hamirani was Malika Salman Hamirani . The contract date was July 2, 2024.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Malikah Inc. had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Malika Hamirani had not purchased any other properties and had not sold any properties over the same time period.

The property

The mixed-use building in Astoria has 4,037 square feet of built space and 975 square feet of additional air rights for a total buildable of 5,000 square feet according to a PincusCo analysis of city data. The parcel has frontage of 25 feet and is 100 feet deep with a total lot size of 2,500 square feet. The zoning is R6B which allows for up to 2 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $908,000.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $200 in OATH penalties in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In Astoria, The bulk, or 36 percent of the 40.2 million square feet of commercial built space are walkup buildings, with elevator buildings next occupying 31 percent of the space. In sales, Astoria has 2.6 times the average sales volume among other neighborhoods with $733.9 million in sales volume in the last two years and is the 2nd highest in Queens. For development, Astoria has near average amount of major developments among other neighborhoods and is the 7th highest in Queens. It had 1.3 million square feet of commercial and multi-family construction under development in the last two years, which represents 3 percent of the neighborhood’s built space. There was one pre-foreclosure suit filed among other mixed-use buildings in the past 12 months.

The block

On this tax block, PincusCo has identified the owners of 10 of the 30 commercial properties representing 111,134 square feet of the 152,611 square feet. The largest owner is Ilias Theodoropoulos, followed by Connie Marie Randazzo and then Adam Pokrzywa.
There are no active new building construction projects on this tax block.

The majority, or 89 percent of the 152,611 square feet of built space are walkup buildings, with mixed-use buildings next occupying 11 percent of the space.

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