Invoice Cosby Lists NYC Townhouse for $7 Million Amid Foreclosures Battle

April 22, 2025 — Disgraced comic Invoice Cosby has listed his Higher East Aspect townhouse at 243 East 61st Avenue in Manhattan for $6.99 million, as he faces ongoing foreclosures disputes over this property and one other New York Metropolis dwelling. The transfer comes 4 months after CitiMortgage sued Cosby and his spouse, Camille, for defaulting on a $4.2 million mortgage tied to the four-story, 5,000-square-foot brownstone, bought in 1980 for $1.2 million. The itemizing, dealt with by the Corcoran Group, marks a strategic try and mitigate monetary pressure amid mounting authorized and monetary challenges for the 87-year-old former star of The Cosby Present.

A Property Steeped in Historical past and Authorized Woes

The East 61st Avenue townhouse, a prewar brownstone that includes six bedrooms, 4.5 bogs, a proper eating room with a hearth, an elevator, and a personal yard with a fireplace pit, holds sentimental worth for the Cosby household. Their late son, Ennis, who was murdered in 1997, primarily resided there earlier than his demise. The property, situated between Second and Third avenues, is described as meticulously maintained, mixing historic allure with fashionable facilities, although itemizing photographs recommend it has been unoccupied for a while. Its estimated worth in January 2025 was $6.8 million, barely making the present asking worth a modest improve over market estimates.

CitiMortgage’s lawsuit, filed on December 2, 2024, in Manhattan Supreme Courtroom, alleges that the Cosbys owe $3.7 million in principal, plus curiosity and costs, on a 2010 mortgage taken out via a restricted legal responsibility firm. The couple stopped making funds in June 2024, prompting the foreclosures motion. Cosby’s legal professional, Joseph Jacobson, denied the allegations in February 2025, claiming the lender miscalculated the quantity owed, and the case stays underneath litigation. Regardless of the authorized battle, the itemizing makes no point out of the dispute, presenting the house as a major alternative for patrons.

A Second Townhouse in Peril

Cosby faces further monetary stress from a separate foreclosures case involving a bigger, 12,000-square-foot townhouse at 18 East 71st Avenue, bought in 1987 for $6.2 million and used because the couple’s main residence. First Basis Financial institution sued the Cosbys in December 2024, alleging they defaulted on a $17.5 million mortgage—comprising a $12.25 million mortgage from 2010 and a $5.25 million mortgage from 2014—after ceasing funds in June 2024. The financial institution claims the couple owes $15.3 million in principal, almost $800,000 in curiosity and late charges, and over $300,000 in unpaid property taxes. A default discover was issued in November 2024, with a compensation deadline of December 12, which the Cosbys failed to satisfy. In contrast to the East 61st Avenue property, the 71st Avenue townhouse, situated close to Jeffrey Epstein’s former mansion, has not been listed on the market.

This isn’t the primary time the Cosbys have struggled with the 71st Avenue mortgage. In 2023, they missed funds however paid over $500,000 in October to cowl arrears, solely to default once more months later. The financial institution’s legal professional, Jay Hack, famous in a November 2024 letter, “A lot to the Lender’s chagrin, you managed to maintain the mortgage present for only some months.” Cosby’s monetary troubles date again additional, with a reported try in 2017 to safe a $30 million mortgage in opposition to the 71st Avenue property to cowl authorized payments from sexual assault lawsuits.

A Fall from Monetary Grace

As soon as price an estimated $400 million on the peak of his profession, Cosby’s monetary empire has crumbled underneath the load of authorized battles and a tarnished fame. Accused by over 60 girls of sexual assault, he was convicted in 2018 of drugging and assaulting Andrea Constand, serving three years of a 10-year sentence earlier than the Pennsylvania Supreme Courtroom overturned the conviction in 2021 on account of a due course of violation. Ongoing civil lawsuits, together with a 2023 case filed by 9 girls in Nevada, proceed to empty his assets. Cosby has denied all allegations.

The Cosbys’ actual property portfolio, as soon as a logo of their wealth, included properties in California, Connecticut, Pennsylvania, and Massachusetts. They now primarily reside in a suburban Philadelphia dwelling bought in 1983 for $225,000, with the Massachusetts property in Shelburne Falls as one other holding. The foreclosures threats on each Manhattan townhouses underscore the extent of their monetary decline, with no authorized illustration listed for both case.

Public and Market Reactions

The itemizing has sparked various reactions on social media. Posts on X spotlight the property’s authorized drama, with customers like @RealEstateCrown noting, “Invoice Cosby desires $7M for a NYC townhouse now on the middle of a foreclosures dispute,” whereas Reddit’s r/leisure neighborhood blended sarcasm and sympathy, one person commenting, “Once I learn ‘quietly’ within the title I prefer to assume on the itemizing there’s tiny superb print saying ‘oh and btw, that is Invoice Cosby’s home.’” The sentiment displays Cosby’s fall from cultural icon to pariah, with some expressing shock he’s nonetheless alive or referencing his overturned conviction.

Actual property analysts recommend the $7 million worth for the East 61st Avenue townhouse is optimistic however possible, given its prime location and options, although the foreclosures dispute could deter patrons. The 71st Avenue property, valued at as much as $14 million, might fetch a better sum if listed, however its bigger debt and tax burdens complicate its future. The Cosbys’ determination to promote solely the smaller property whereas contesting each foreclosures suggests a calculated effort to protect property amid uncertainty.

Wanting Forward

As litigation continues in Manhattan Supreme Courtroom, the destiny of each townhouses stays unclear. The East 61st Avenue sale might alleviate some monetary stress, however the unresolved $17.5 million debt on the 71st Avenue property looms bigger. Cosby’s spokesperson, Andrew Wyatt, and attorneys have declined to remark, leaving the general public to take a position on his subsequent strikes. Along with his incomes years behind him and authorized battles ongoing, the sale of the East 61st Avenue townhouse could also be a ultimate try and stabilize his funds, however it additionally underscores the lengthy shadow forged by his authorized and private controversies.