Bill Cosby’s New York City townhouse is having a tough time on the market, forcing a price drop as interest from buyers remains low.
Another Markdown
Located on East 61st Street in Manhattan’s Upper East Side, the historic property was originally listed for $7 million. With no takers, the price has now been reduced by $250,000 to $6.75 million — a move that highlights growing urgency as the home heads toward possible foreclosure.
According to The New York Post, CitiMortgage has filed a foreclosure action against the LLC that owns the townhouse, adding financial pressure to an already stalled sale.
As of June 2025, the comedian reportedly owes the bank a total $17.5 million, but his legal team has pointed out that there is a dispute, saying those estimates could have been exaggerated.
The lister of the Treadwell Farm Historic District property is Adam Schneider of Corcoran.
As Finurah previously reported, the townhouse in Lenox Hill was purchased back in April 1980 for $1.2 million. Some outlets have disputed that the original price they paid is unknown.
The four-story, six-bedroom property spans 5,000 square feet and was once shared with his wife, Camille. It also housed their late son, Ennis, according to Eastside Feed.
Cosby’s public collapse has been reflected in his financial difficulties. He borrowed $4.2 million on the property in 2010, with $3.7 million serving as the principal.
Decades-old sexual assault claims surfaced after comedian Hannibal Buress’ viral stand-up set in 2014, marking the beginning of the end for the Philadelphia star.
Cosby was found guilty in 2018 and given a maximum 10-year prison sentence. But in 2021, his conviction was reversed for a due process violation, and he served for roughly three years.
In 2019 and 2020, he faced further setbacks, owing nearly $650,000 in back taxes and accumulating two tax liens totaling over $648,000.
After his release, Cosby returned to public life, but no longer as “America’s Dad.” Instead, he became widely mocked as “Pill Cosby,” a symbol of disgrace and controversy. The financial security and lavish lifestyle he once enjoyed became increasingly out of reach.
Once reportedly worth $400 million and considered the highest-paid television actor during the peak of “The Cosby Show” in the 1980s, Cosby saw his films and shows briefly blacklisted.
Although some content has since returned to streaming platforms, it no longer carries the same cultural reverence or widespread appeal.
It is important to mention that this is the second property of Cosby’s in New York City facing foreclosure. He also owns a 12,000-square-foot property located at 18 East 71st Street, which he purchased in 1987 for $6.2 million. However, that property does not currently appear to be on the market, Eastside Feed reported.
