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.

Floyd Mayweather’s portfolio of luxury watches, properties, and cars is already impressive, and now he’s adding a 1,000-unit apartment complex in Manhattan to the mix. First reported by The Real Deal,

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