Boxing legend Floyd Mayweather Jr. has reached an agreement to purchase a New York City building for more than $20 million, per TMZ Sports.
TMZ Sports reported that the building currently has offices, a diamond exchange and a large billboard.
“I used to shop in the diamond exchange as a young adult,” Mayweather said in a statement, per TMZ Sports. “I never thought I would end up owning this important property at the entrance of 47th Street. Through hard work and dedication anything is possible.”
Per Suzannah Cavanaugh of The Real Deal, Mayweather reached a $402 million deal to buy more than 60 buildings (totaling over 1,000 units) in New York City. The buildings are mostly in Upper Manhattan. TMZ Sports reported that Mayweather wants to provide affordable housing to families.
