Cosby Cuts Manhattan Mansion Price Amid Mounting Legal and Financial Pressures

NEW YORK—Embattled former television icon Bill Cosby has slashed the asking price of his Upper East Side townhouse by US$250,000) as foreclosure proceedings initiated by CitiMortgage escalate. The revised listing of US$6.75 million comes amid growing uncertainty over the fate of Cosby’s once-prestigious property holdings.

Located in the exclusive Treadwell Farm Historic District of Manhattan, the four-story home spans over 5,000 square feet and features six bedrooms, a rooftop terrace with elevator access, cedar-lined closets, and a sunroom that opens onto a private rear garden. Originally built in the 1800s, the townhouse has been in the Cosby family since 1980.

However, its storied past is now clouded by a foreclosure suit filed earlier this year. According to court documents, Cosby and his wife, Camille, allegedly defaulted on a US$4.2 million loan secured against the home in 2010. The Cosby legal team disputes the claim, accusing the lender of misrepresenting the balance owed.

The property was initially listed in April for US$7 million, but the price was trimmed last week amid stalled negotiations. Real estate analysts believe the price cut signals an urgent attempt to offload the property before legal constraints tighten further.

“Given the legal backdrop, a timely sale could be seen as a defensive move to avoid forced court intervention,” said Susan Delgado, a New York-based property market analyst. “Even in a high-demand market, stigma and litigation can weigh heavily on value.”

The legal woes don’t stop at one address. Records show Cosby is facing additional foreclosure threats tied to another Manhattan property, part of a loan portfolio valued at approximately US$17.5 million. That secondary property, however, is not listed for sale at present.

Once one of the most influential figures in American entertainment, Cosby’s public image has deteriorated following his 2018 conviction for aggravated indecent assault, which was overturned in 2021 due to procedural missteps. His financial status, once thought to be stable, is now under renewed scrutiny.

The ongoing legal battles and now the price cut reflect a stark reversal for a man once synonymous with affluence and trust. Whether the townhouse finds a buyer before the courts intervene remains to be seen.