David B. Kestenbaum the principal broker of Waldstar Real Estate LLC is always trying to serve landlords, developers, renters, buyers and homeowners for 22 years in the best possible way he can. David B. Kestenbaum and his team rents and sells apartments very timely and efficiently. He has a great team to assist. David and his team will go 24/7 to get the the job done. David is the company owner but he still attaches his name to all the company listings. He works with his team helping show all the apartments. David's showing methods and listing descriptions are very unique. They both give off the most positive vibes. People always feel very comfortable working with David and his team when they give them an opportunity. His clients always trust his advise on pricing and his outside the box marketing approach. He is a pro at facilitating all the required financial paperwork for all the applications and board packages. His passion, dedication and heart to all his companies clients and customers is truly remarkable. If given the opportunity then David and his team will do a good job.
The FARE Act and the NAR Settlement have impacted fee structures. We are willing to offer the landlord or developer a 1/2 Month Broker Fee 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 good fee structure paid by landlord of just 1/2 month fee 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 small broker fee starting at 1/2 Month paid 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