Floyd Mayweather Ventures Into New York Real Estate with $402 Million Affordable Housing Deal

Boxing legend Floyd Mayweather has made a major entry into New York’s real estate market with a staggering $402 million deal to acquire a portfolio of 1,000 affordable housing units across 60 buildings in Upper Manhattan. This acquisition is one of the largest multifamily real estate investments in Manhattan this year.

The properties included in the portfolio are slated to support affordable housing initiatives, aligning with the city's ongoing efforts to provide more accessible living options for residents. Mayweather's foray into real estate underscores his ambition beyond the boxing ring, investing in significant projects that cater to the housing needs of communities.

This deal represents a shift in Mayweather's business ventures and adds a notable real estate transaction to his expansive portfolio.