Floyd Mayweather is investing into a 1,000-unit affordable housing portfolio with more than 60 buildings in Manhattan

Floyd Mayweather is stepping into Manhattan’s multifamily ring in a big way. The retired boxer has gone into contract to pay $402 million for a 1,000-unit affordable housing portfolio of more than 60 buildings,

The retired boxing superstar is dropping nearly a half-billion dollars to own a major New York City apartment portfolio.

Mayweather went into contract with Josh Gotlib’s Black Spruce Management to buy a 60-building, 1,000-unit affordable housing portfolio spread across upper Manhattan for $402 million, The Real Deal reported.

Former boxer Floyd Mayweather struck a deal to buy a $402 million affordable-housing portfolio in New York City, a sizable transaction for a property market that’s been largely stalled by higher borrowing costs.

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

Floyd Mayweather has reportedly secured a contract to acquire a substantial portfolio of affordable housing in New York City. According to The Real Deal, the retired boxing champion has agreed to pay $402 million for a collection of over 1,

Mayweather acknowledged the deal on Twitter, while a spokesperson for the boxer didn’t immediately respond to a request for comment. The deal is a major transaction for New York’s real estate market.