Floyd Mayweather Jr. made a knockout move in the real estate game. The man has slipped past market downturns and high interest rates to drop a jaw-dropping $402 million on 62 apartment buildings in Manhattan.
However, people on social media are out here laughing in broke. One X user, we assume ironically, said:
"what stopped him at 62"
Maybe he left some for the rest of us… never mind.
One user pointed out a statement that successful individuals tend to repeat:
"'You can do the same'🤡"
This clown emoji was personal. Let's guess, all we need is a "grindset" and "waking up at 4 AM"?
A user joked:
"His kids, kids, kids, kids, kids, kids, kids, kids, kids, kids, kids, kids, kids gon be good for life."
Floyd’s descendants are about to be owning planets in 3025.
One Sherlock mentioned:
"lol i can’t find proof of this transaction anywhere other than blogs & a video of him saying he did it."
It’s a trust-me-bro-level investment.
One user thinks:
"Bro has money but zero vision😭"
Buy whatever looks expensive. That's the strategy.
One user went on to say:
"At this point he should just rename Manhattan to 'Mayweather City'😂"
If you wanna enter, you gotta read a paragraph first.
Floyd Mayweather Jr.’s heavyweight investment
Mayweather's latest acquisition includes over 1,000 units scattered across Harlem, Washington Heights, and Inwood. Partnering with Black Spruce Management, a firm known for its work in affordable housing, Mayweather is stepping into the ring for families struggling to find reasonably priced homes.
In a statement to TMZ, he said:
“Growing up, I used to dream about owning just one home by myself. When you work hard, you can achieve anything”.
At around $402,000 per unit, Mayweather is playing smart. Thanks to Article XI tax incentives (which means significant tax breaks for up to 40 years), this deal is financially bulletproof.
In an era where interest rates are climbing like a heavyweight up the ranks, Mayweather managed to land himself an investment that could potentially keep housing costs stable in gentrifying areas like Harlem.
Real estate analyst Maria Torres told Hype Fresh,
“With Mayweather’s resources and the tax breaks, these buildings could stay affordable for decades.”
Mayweather’s real estate hustle
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The man with a net worth north of $1.2 billion, as per Bleacher Report, has been stacking properties.
Just recently, he teamed up with 601W Companies on a $10 billion office complex spanning NYC, Chicago, and Jersey City.
That’s not all—he’s also got his hands on nine NYC skyscrapers with SL Green and is even eyeing a piece of the action in a proposed Times Square casino (EURweb).
But this $402 million multifamily play is his biggest residential investment yet.
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