From Fame to Foreclosure: Bill Cosby Lists New York Home Amid Continued Financial and Legal Fallout
Disgraced comedian Bill Cosby and his wife, Camille, are facing foreclosure proceedings on two Upper East Side townhouses in Manhattan, following allegations of defaulting on multimillion-dollar loans.
East 61st Street Property
The couple has listed their four-story townhouse at 243 East 61st Street for $6.99 million. This 5,000-square-foot residence, built in 1905, features six bedrooms, 4.5 bathrooms, and an in-house elevator. The property, located in the Treadwell Farm Historic District, was purchased by the Cosbys in 1980. In December 2024, CitiMortgage filed a lawsuit alleging that the Cosbys defaulted on a $4.2 million loan taken out in 2010, with $3.7 million in principal remaining, plus interest and fees
East 71st Street Property
Separately, First Foundation Bank initiated foreclosure proceedings on the Cosbys’ six-story townhouse at 18 East 71st Street. The bank claims the couple defaulted on a combined $17.5 million loan, originating from a $12.25 million loan in 2010 and a $5.25 million loan in 2014. The Cosbys reportedly ceased payments on this loan in June 2024, and as of the filing, owed over $16 million, including principal, interest, and late charges.
As of now, only the East 61st Street property has been listed for sale. The East 71st Street townhouse, which the Cosbys purchased in 1987 for $6.2 million, remains unlisted. The couple has primarily resided at their estate in Elkins Park, Pennsylvania, since Cosby’s release from prison in 2021, following the overturning of his 2018 sexual assault conviction.
In June 2021, the Pennsylvania Supreme Court overturned Bill Cosby’s 2018 sexual assault conviction, citing a violation of his Fifth Amendment rights. The court determined that Cosby had relied on a previous prosecutor’s public assurance that he would not be charged, which led him to provide self-incriminating testimony in a civil case. This testimony was later used in his criminal trial, prompting the court to vacate his conviction and bar any retrial on the same charges
Following this decision, prosecutors sought to have the U.S. Supreme Court review the case. However, in March 2022, the high court declined to hear the appeal, effectively upholding the Pennsylvania Supreme Court’s ruling.
Despite the overturned conviction, Cosby continues to face legal challenges. In June 2023, nine women filed a lawsuit in Nevada alleging sexual assault, including claims from former supermodel Janice Dickinson. Additionally, in January 2024, another woman accused Cosby of drugging and assaulting her in Las Vegas in 1986 when she was 15 years old. Cosby’s attempts to dismiss these lawsuits were unsuccessful, with a judge rejecting his arguments in September 2024.
These ongoing legal issues coincide with Cosby’s financial troubles, including foreclosure proceedings on two of his New York City townhouses. The combination of legal and financial challenges continues to impact the 87-year-old’s post-conviction life.
