Matthew Breitenbach

09/21/2024

2024 has come on strong so far, and I’ve been closely watching how new construction in the Hamptons is performing this year and oast years.

Prices are holding firm with little reduction, and while buyers are still interested, they’re taking their time and digging in on the buy side.

This chart really stood out to me, showing the rise of new construction versus regular transactions over the past few years.

• Almost 50% of all Hamptons sales are from new construction.
• Over $2 billion annually in new construction sales.
• 2023 is still on pace for a record year.

I’m curious to see how the recent rate cuts and the upcoming Q4 will shape the fall market in the Hamptons. What are your thoughts on how this might affect buyer behavior?

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09/20/2024

New BAT Disrupt Podcast Episode with Compass CEO Robert Reffkin

It’s not every day you get to sit down with someone who’s transforming an entire industry and also has always inspired me.

On this episode, I had the honor of speaking with Robert Reffkin, CEO of Compass – a true real estate Avenger in my eyes. Being around the industry my entire life, I was amazed when I first got a glimpse of Compass back in 2017.

Robert didn’t just build a brokerage; he created a platform that empowered entrepreneurs like me to build our own brands.

Compass wasn’t just about transactions, it’s about creating innovative tools for agents to lead their markets. The vision aligns perfectly with my journey of building BAT into more than just a team – but a luxury brand with a real estate experience that puts the client at the center.

We talked about how Compass rose from a world of old-school real estate giants to be the #1 brokerage in the United States in less then 8 years. We dive into how Compass is leading the future with cutting-edge tech and AI – while staying true to empowering agents like myself

Take a listen to this conversation andy hope is it gets you as excited as makes me. Its full of insights that have shaped my business today and I guarantee will help you real estate agent, entrepreneur or someone just needing a story of courage, resilence, and grit.

👉 https://youtu.be/VY3EI-Cngf4?si=GeaYYRLDvlh4G7jR

How did Robert Reffkin take Compass from an idea to the #1 brokerage firm in three years? In this exclusive interview, we dive deep into the strategies and i...

08/04/2024

I put this listing in the contract on Friday. I represented the buyer. I first met this buyer three years prior at an under-construction waterfront I was marketing. After exploring price points, oceanfronts, and towns three years later, we zeroed in on 67 Cross Highway in East Hampton.

Three years of follow-ups, countless conversations, and appointments showing property, presenting many off-market and private-market deals, a two-week deal with valleys and peaks, and an almost last-minute collapse.

It feels good to type this that this luxury 10M plus deal got done.

But it also feels good to mention that my superpower as a broker and a core principle of BAT is grit and resilience. It’s the power to stay in the fight. Keep positive. Keep bouncing back. Keep following up until you get it across the finish line.

I tell my daughters it’s okay to fall, fail, or not get something right. We get back up and keep at it.

As Alfred told the original Batman Bruce Wayne after he fell in a well as a kid,

“Why do we fall, sir?

So we can learn to pick ourselves up?”

I hope everyone has a blessed Sunday. Grateful for this one. God is good.

Thank you - great collaborative effort to get this to deal done.

08/04/2024

I put this listing in the contract on Friday. I represented the buyer. I first met this buyer three years prior at an under-construction waterfront I was marketing. After exploring price points, oceanfronts, and towns three years later, we zeroed in on 67 Cross Highway in East Hampton.

Three years of follow-ups, countless conversations, and appointments showing property, presenting many off-market and private-market deals, a two-week deal with valleys and peaks, and an almost last-minute collapse.

It feels good to type this that this luxury 10M plus deal got done. But it also feels good to mention that my superpower as a broker and a core principle of BAT is grit and resilience. It's the power to stay in the fight. Keep positive. Keep bouncing back. Keep following up until you get it across the finish line.

I tell my daughters it's okay to fall, fail, or not get something right. We get back up and keep at it.

As Alfred told the Batman Bruce Wayne after he fell in a well as a kid,

“Why do we fall, sir?

So we can learn to pick ourselves up?”

I hope everyone has a blessed Sunday. Thank you Lori Schiaffino - great collaborative effort to get this Compass to Compaaa deal done.

08/01/2024

The secret power in real estate is collaboration.

My two friends from Florida and put on this event today. These two guys define the network and reach this company can give you.

I had the opportunity to speak on a panel narrated by one of the smartest and charismatic people in real estate - I spoke about the exciting Compass private exclusive feature and my team’s Private Exclusive Marketplace, which is built and something we are continuing to improve (https://private-market.batlistingportfolio.com/); we also talked about building a network and what a network offers.

To get to this event today, I was up at 4 a.m., on a bus at 5 a.m., at a diner at 7 a.m., made my calls, touched base with my team, worked on a few open deals I have, and showed up to a 9 a.m. panel drenched in sweat from the late July heat.

After a full day of working, networking, and overheating, I jump on a 6:30 p.m. bus and head home to the Hamptons.

This event alone connected me with a potential investor for a developer client and an oceanfront buyer. It also grew my existing network by another five agents in markets that feed the Hamptons.

So, the next time you ask me what my brokerage does for me, I will point you to this post.

Connections create relationships which crea opportunities. Opportunities create sales. And the flywheel continues.

How does this help my clients if you are reading this?

My Compass network helped a developer client when a Compass agent connected me with a contact that funds new development deals when my client is looking for funding.

It did today when a Nassau County broker pitched me on another development deal. I will swing to another hedge fund investment buyer who buys deals everywhere as long as the numbers work.

It did today when I partnered with an NYC Compass agent to cross-market private exclusives to our prospective networks, bringing more opportunities to our private exclusive sellers.

Compass is so young, and so is what we are building at BAT and in my career. 18 years ago I started. I am excited about the next 40 years.

Today, the Compass family fired me up.

Let’s go 2024 🚀🚀🚀

06/16/2024

Father’s day beach flow.

Blessed up. Happy Father’s day to all the dads out there.

Let’s have a day!

📷:

05/13/2024

Happy Mothers day to this one Courtney King Breitenbach - the glue of our house and such an incredible mom.

Grateful for Susan Breitenbach my own mom. Thanks for not only showing me the way but by telling me since I was a little boy “Matthew, you can do anything you set your mind to”

You always encouraged and fostered my determination in anything I set my mind to. For that I am forever grateful.

Happy Mothers day to all the moms out there and for all the intangibles they bring.

Behind every strong man is a mom. In my case there are two!

05/04/2024

I am excited to bring this generational Water Mill estate to the market. I live .5 miles from this house, grew up in Water Mill, and this is an area I feel I know better than any broker in the Hamptons.

Just within a 5-mile radius, I sold a neighboring new construction for $6,000,000 by this developer, another neighboring new construction for $6,500,000 by Bittencourt Dev who we helped sell their first project as well as another $8,000,000 project of theirs in Bridgehampton in 2022, a 13-acre subdivision for $3,500,000 off-market, and a 15 acre 5 lot subdivision both down the street for $3,500,000 in 2020, all within a 5-mile radius. Just a few weeks ago, I put another new construction on Deerfield for $5,800,000 by this same developer and another new construction we just closed on by one of our favorite people and developers on Scuttlehole Road in Water Mill for $7,850,000.

I am proud that BAT continues to be the choice for developers in the Bridgehampton and Water Mill area because of the value, the marketing, the local knowledge and feel for the area, and most importantly, the results we bring.

Like Jadakiss so eloquently said at the rap battle at Madison Square Garden, “I am outside!” He emphasized how Dipset, whom he was battling, was not always in NY. They were in Miami. They were not true New Yorkers and were as good as him. They don’t live there full-time. Jada never left. Therefore, he had the most street credit.
Some heads of brokerages in the Hamptons spend half the year in Bermuda and fly in and fly out to evade taxes, while others spend half their time in Florida or NYC or live in western Long Island.

Not me. I am outside. I am from Water Mill, live in Water Mill, and sell everything I can get my hands on in Bridgehampton and Water Mill. Dead of February or August, our team is hustling and bringing it. And I am proud of that. We grind. We get it done. I am here in the community, a community I am from. That shows how well we sell and the results the team and I have achieved.

Open houses this weekend 11:30am to 1pm - 454 Seven Ponds Towd Road, Water Mill

04/30/2024

Excited to launch this one. Coming soon this week!

04/13/2024

Recharging the engines with my rude girl 🇧🇸