Kevin Burke Acquires Richmond Hill Multifamily From Tadeusz Podniesinski For $1.125M

The property asset involved in this transaction is a MultiFamily building located at 88-01 107th Street in the Richmond Hill market. The sale occurred on 7/24/2025 for a total price of $1,125,000. The asset contains 6 units spread across a total square footage of 5,500, resulting in a price per unit of $187,500 and a price per square foot of $204.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $1,125,000
• Units: 6
• Square Footage: 5,500
• Price Per Unit: $187,500
• Price Per Square Foot: $204
• Buyer: Kevin Burke
• Seller: Tadeusz Podniesinski
• Brokers: Kevin Schmitz, Stephen R. Preuss Sr. & Thomas Tyne - Ripco

Key individuals involved in this transaction include Kevin Burke, who acted as the buyer, and Tadeusz Podniesinski, who was the seller. The brokerage team representing the deal consisted of Kevin Schmitz, Stephen R. Preuss Sr., and Thomas Tyne from Ripco.