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Floyd Mayweather Purchases 1000 Unit Multifamily Portfolio In Upper Manhattan For $402M

Property Image
SOLD
$402,000,000

New York

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MultiFamily
Sold 10/16/2024
the dealdetailscomps
Property Image
SOLD

Floyd Mayweather Purchases 1000 Unit Multifamily Portfolio In Upper Manhattan For $402M

MultiFamily
Sold 10/16/2024
the dealdetailscomps

Summary

Asset Type:MultiFamily
Transaction Type:Sale

The transaction involves a multifamily portfolio in Upper Manhattan, featuring 1,000 affordable housing units across more than 60 buildings. The total transaction price is $402 million, equating to approximately $402,000 per unit.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $402,000,000
  • Buyer: Floyd Mayweather
  • Seller: Josh Gotlib - Black Spruce Management
  • Date of Transaction: 10/16/2024

This acquisition marks Floyd Mayweather's entry into Manhattan's multifamily real estate market, showcasing a significant investment in affordable housing. The seller, Josh Gotlib, represents Black Spruce Management, noted for its involvement in managing various real estate assets.

Details

SOLD
IMAGE: - UNDER CONTRACT IMAGE: Floyd Mayweather DATE: 10/16/2024 ADDRESS: Multifamily Portfolio MARKET: Upper Manhattan ASSET TYPE: Multifamily BUYER: Floyd Mayweather (@FloydMayweather) SELLER: Josh Gotlib - Black Spruce Management PRICE: $402,000,000 UNITS: 1,000 ~ PPU: $402,000 NOTE: Floyd Mayweather has entered Manhattan's multifamily real estate market, going into contract for a $402 million purchase of a 1,000-unit affordable housing portfolio consisting of over 60 buildings in Upper Manhattan.

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