This article is featured in the “Newsroom” section of Columbus International, a real estate boutique founded by Richard Tayar with offices in New York, Miami, Milan, and Florence. Columbus International specializes in residential, commercial, luxury real estate and investment opportunities in bridge markets between Italy and the United States.
The Undefeated Champion Takes His Winning Strategy from the Ring to New York’s Property Market
Former boxing champion Floyd Mayweather Jr. has delivered a knockout punch in the New York real estate market with his latest acquisition—a massive $402 million multi-family portfolio in Upper Manhattan. The undefeated athlete, known for his financial acumen as much as his boxing prowess, shared the news with his nearly 29.7 million Instagram followers in characteristic victory style.
“All the buildings belong to me, I don’t have no partners,” Mayweather declared in his social media announcement. “And all the retails down below on my buildings, all of them belong to me too. You can do the same. It’s all about making power moves.”
The impressive portfolio includes 62 multifamily properties comprising more than 1,000 units, many of which are rent-stabilized, according to earlier reporting by The Real Deal. The acquisition was made through Mayweather’s real estate investment firm, Vada Properties.
Building a Diversified Real Estate Portfolio
This Upper Manhattan investment represents just one component of Mayweather’s rapidly expanding real estate empire. The boxing legend has demonstrated strategic diversification across various property segments:
- A $100 million investment in a $3 billion luxury rental portfolio joint venture, including The Copper’s twin residential towers in Murray Hill
- Another $100 million investment across nine skyscrapers in partnership with SL Green, New York City’s largest commercial landlord
- An 18-asset deal in November spanning properties in New York, Chicago, and Jersey City, marking his entry into office real estate
- Personal residential moves including the purchase of a five-bedroom unit in the Baccarat Hotel and Residences in Midtown Manhattan
Luxury Living and Strategic Divestments
Mayweather’s personal real estate portfolio has seen significant activity as well. The Post’s Gimme Shelter reported on his New York house hunt late last year, which included touring a $150,000-per-month Soho bachelor pad and a Gilded Age mansion before settling on his Baccarat residence.
The entrepreneur has also been strategically divesting properties, selling a $22 million home in Miami’s Biscayne Bay last year and recently listing his $12.5 million Las Vegas mansion.
Beyond Real Estate: Sports Ownership Aspirations
As Mayweather celebrates his 48th birthday, the billionaire’s increased presence in New York City isn’t solely attributed to his real estate ventures. Reports suggest he’s exploring potential plans to purchase a minority stake in the New York Giants alongside business partner and real estate magnate Meyer Orbach.
Mayweather’s aggressive expansion into real estate comes at a time when many investors have retreated due to high borrowing costs, particularly in the affordable housing segment. This countercyclical approach aligns with the boxing champion’s career-long strategy of identifying opportunities where others see obstacles.
“Over 1,000 apartments, I’m just getting started,” Mayweather stated confidently in his Instagram post, suggesting this latest knockout acquisition is merely the opening round in his real estate championship bout.