Legendary boxer Floyd Mayweather Jr. is reportedly making a massive investment in apartment buildings located primarily in the upper Manhattan area of

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

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.

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.