The team at Waldstar are always trying to serve landlords, developers, renters, buyers and homeowners in the best possible way. David B. Kestenbaum is the principal broker at Waldstar and has been a premier real estate agent since July 2003. He has formed a team at Waldstar that is at the cutting edge of leasing and sales marketing. David has completed over two thousand real estate transactions. Among the companies he has done real estate transactions with are Magnum Management, RCR Management, Pan Am Equities, Algin Management, Abington Properties, ATA Enterprises, Starrett Development, Provident Operating Corp.(18 Building, 540 Unit Kestenbaum Family Portfolio in Rego Park, Queens), Black Spruce Management, The Kibel Company, Charles and Jospeh Alpert Family Office, BLDG Management, The Hakimian Organization, The Moinian Group, Moin Development and MD Squared Property Group, LLC. David B. Kestenbaum and his team at Waldstar leases and sells apartments very timely and efficiently. Furthermore, David and his team have the best showing methods and their listing descriptions are very unique.They both give off the most positive vibes. People always feel very comfortable and trust working with the team at Waldstar. They always appreciate the way the team at Waldstar advises on pricing. The team at Waldstar are experts at facilitating all the required financial paperwork for all applications and board packages. In addition, the team at Waldstar truly serves all their clients and customers with passion, dedication and heart. If given the opportunity the team at Waldstar will do an amazing job!
The FARE Act and the NAR Settlement have impacted fee structures. We are willing to offer the landlord or developer heavily discounted broker fees per closed rental on buildings with 75+ units. This saves huge on NOI. For sellers, we offer a super low 2.5 Percent Seller’s Agent commission on the closing price.
Innovative work spaces.
We operate without the overhead of the traditional brick and mortar space that the traditional broker inccours. All our agents and affiliates operate virtually which allows to give you the best possible commission structures.
No 180 Day Exclusive Lock in period.
Our simple agreements can be voided by the owner at anytime. We know if given the opportunity that we will sell or rent your property in a timely manner. We are willing to bet on ourselves and know that we will get the job done.
Best possible commision structures.
Our fee structure operates on a sliding scale. For leasing, we can set up a heavily discounted broker fee structure paid by the landlord for a 75+ unit building. For a large building or new construction lease up, we can set up the same fee structure which will only include a heavily discounted broker fees by landlord/developer. In the current 2025 leasing climate this type of savings allows the landlord/developer much more pricing flexibility and increases their NOI tremendously!
For sales, many brokers in the past charged 5% to 6% of the purchase price for a resale transaction but the recent settlement by the NAR has changed the game. In addition as the Fed has aggressively raised interest rates , we have lowered our commission rates to make sales happen! We have done resales deals for as little as 2.5%. In addition, we have also done deals at 1% of the purchase price for new development sales to make the transaction happen!
“Life is like riding a bicycle. To keep your balance, you must keep moving.”
— Albert Einstein
Contact
Feel free to contact us with any questions.
Email
davidk@waldstar.com
Phone
+1 (917) 604-1211