Floyd Mayweather Jr’s knockout $637 million property move
The boxing legend is pulling no punches, flaunting his latest purchase of a massive property portfolio.
Floyd Mayweather Jr is pulling no punches when it comes to real estate.
The boxing legend recently posted a series of photos and videos on his Instagram account, flaunting his knockout purchase of a massive multi-family portfolio in New York.
According to the New York Post, the undefeated athlete has become a savvy real estate investor, with his residential assets concentrated in Upper Manhattan.
Last year, the outlet chronicled his lush New York house hunt late last year, including touring a $US150,000 ($A237,000)-per-month Soho bachelor pad and a Gilded Age mansion — before he settled on a five-bedroom unit inside the Baccarat Hotel and Residences in Midtown.
The 48-year-old also sold a $US22 million ($A34 million) home in Miami’s Biscayne Bay last year, and recently listed his $US12.5 million ($A19.8 million) Las Vegas mansion.
MORE: Mike Tyson blows $21m fight prize
Tom Brady’s $238m divorce move
The Upper Manhattan portfolio purchase totalled $US402 million ($A637 million). It includes a whopping 62 multifamily properties, comprising more than 1,000 units.
It is not clear specifically where uptown the buildings stand.
“Guess what? All the buildings belong to me, I don’t have no partners,” the boxing icon declared to his nearly 29.7 million followers.
“And all the retails down below on my buildings, all of them belong to me too. Guess what? You can do the same. It’s all about making power moves.”
The Real Deal initially reported on the fighter’s mammoth property acquisition in October. Many of the buildings, TRD reported, are rent-stabilised.
Mayweather made the purchase with his new real estate investment firm, Vada Properties. Vada Properties also did not respond to the New York Post for comment.
MORE: ‘He’s back’: Harry to ‘move to UK’ amid change
Gates turns $3m pad into $207m monster
The mogul’s major real estate moves over the past few years are hard to keep up with.
There’s Mayweather’s $US100 million ($A158 million) investment in a $US3 billion ($A4.7 billion) luxury rental portfolio joint venture that includes The Copper, the twin residential towers in Murray Hill connected by a three-storey sky bridge.
He previously invested another $US100 million ($A158 million) in nine skyscrapers with office landlord SL Green, the largest commercial landlord in New York City.
Mayweather also dipped a toe into office real estate with an 18-asset deal in November that includes properties in New York, Chicago and Jersey City.
MORE: Where Yellowstone star is really stashing millions
‘Scandalous’: Royal Family’s $260m payday slammed
A few swipes over on Instagram carousel reveals a video of the mogul gesturing widely down a long block of apartment buildings, wearing a Ralph Lauren jacket emblazoned with the Yankees logo.
“No partners, all by myself,” Mayweather said as he paced down the street. “Over 1,000 apartments, I’m just getting started.”
The billionaire has been spending notably more time in New York City, not only because of his newly minted real estate mogul status, but because of potential plans to buy a minority stake in the Giants alongside business partner and real estate magnate Meyer Orbach.
Parts of this story first appeared in the New York Post and was republished with permission.
Originally published as Floyd Mayweather Jr’s knockout $637 million property move
Perfect storm sees Geelong home sell in eight days
New owners can put their own stamp on an inner-Geelong character home that was snapped up after just eight days on the market amid a mountain of interest.
Walk score draws buyers to charming East cottage
Prior intel helped an interstate buyer moving to be closer to family to scope this East Geelong cottage. Two buyers contested the two-bedroom house that sold for more than $700,000.
You won’t believe what’s inside this million-dollar home
A rainforest retreat that is all sleek lines and minimalist vibes on the outside hides a colourful surprise inside. Check it out.