December 28th 2024.
Floyd "Money" Mayweather Jr., the retired boxer known for his undefeated record, has just made a pricey move in the Big Apple. According to sources, he has just rented a luxurious apartment in Manhattan for a whopping $100,000 a month. This duplex unit is located in the prestigious Baccarat Hotel and Residences in the heart of midtown Manhattan.
It's no surprise that this hefty price tag has raised some eyebrows in the industry, with one insider calling it a record-breaking rental for the area. "It's a high price - a record - for a Midtown rental," they stated.
The apartment itself is nothing short of extravagant, boasting five bedrooms and covering a whopping 4,178 square feet in the coveted Gemstone Terrace section of the building. But this isn't Mayweather's first foray into the real estate world. In fact, he's been making some big moves in the market lately.
Just last month, The Real Deal reported that Mayweather had invested a staggering $402 million into a portfolio of over 1,000 affordable housing units spread across 60 buildings in New York City. This deal was made in collaboration with Josh Gotlib of Black Spruce Management and is considered to be one of the city's biggest deals of the year. The units are primarily located in Upper Manhattan, further solidifying Mayweather's presence in the city.
But his investment ventures didn't stop there. In November, Mayweather made another significant move by investing in 601W Companies, which gave him a stake in the company's impressive portfolio of 18 buildings and 10 million square feet of office space, totaling a value of $10 billion. This investment was deemed his "most significant" one to date.
Through this deal, Mayweather became an owner and partner in well-known properties such as the Amazon-anchored 410 10th Avenue in New York City's Hudson Yards, the Aon Center and Old Post Office Building in Chicago, and the Harborside office complex in Jersey City, New Jersey. When asked about his decision to invest in New York City, Mayweather stated, "New York City is the center of the world. A wise person once told me if you buy real estate in New York and hold onto it, you will always make money and win."
In addition to his impressive real estate ventures, Mayweather has also been making headlines for his philanthropy. In October, he donated $1 million to United Hatzalah of Israel, a non-profit emergency medical service organization. With his continued success and generous acts, it's safe to say that Mayweather's financial reign will continue long after his boxing career.
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