Boxing great Floyd Mayweather has acquired a 1,000-unit affordable housing portfolio in Manhattan for $402 million.
The Real Deal reported the portfolio encompasses more than 60 building in Upper Manhattan. Josh Gotlib of Black Spruce Management was the seller in the transaction.
“This purchase holds deep emotional significance for me and my family,” said Mayweather in a statement, noting his upbringing by living “seven deep” in a one-bedroom in New Brunswick, New Jersey.
The 15-time world champion boxer is no stranger to New York City’s real estate world. He previously invested in nine skyscrapers in partnership with SL Green Realty Corp. (NYSE: SLG) and is part of the real estate investment trust’s bid to construct a casino resort in Times Square.
Photo courtesy of Floyd Mayweather’s Instagram page
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