Floyd Mayweather Secures $402M Affordable Housing Deal in New York City

• Floyd Mayweather has reportedly recently splashed out more than £300m on a property portfolio
• The 47-year-old boxing legend has a multiple business empire, including property, cars and watches
• However, he is set to add to that empire after agreeing a mega-money deal for a block of Manhattan apartments

Floyd Mayweather is reportedly poised to spend $402 million on a block of New York apartments, expanding his already impressive property empire.

Mayweather is well known for his $10 million Las Vegas mansion, which includes guesthouses and a private vineyard, along with his $18 million Miami Beach compound.

Now, he’s continuing to expand this impressive portfolio even further.

According to The Real Deal, he has entered a contract with Josh Gotlib of Black Spruce Management to acquire a 1,000-unit affordable housing portfolio spanning over 60 Manhattan buildings.

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This would mark one of the city’s biggest housing deals this year—a venture close to Mayweather’s heart.

This isn’t his first foray into New York real estate; in 2022, he acquired nine skyscrapers and invested in a planned Times Square casino.

The deal, which focuses on multifamily housing in Upper Manhattan, is set to become official this week, with part of the portfolio closing.

Though retired from professional boxing in 2017 with a flawless 50-0 record, the 47-year-old boxing icon continues to earn millions through exhibition bouts, raking in over $250 million from fights with celebrities and influencers alike.

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Briefly News reported that Floyd Mayweather bought a second private jet years after initially owning his first, reportedly worth about $50 million, named “Air Mayweather”.

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He flaunted the new jet on Instagram, showing where it is being branded “TMT”, which stands for The Money Team. It features 12 premium seats with gold-plated cup holders. He is reportedly worth about $703mil.

Source: YEN.com.gh