EXCLUSIVE: Bill Cosby Saves $7 Million New York Townhouse From Foreclosure—After Selling Second Property for $28 Million

Disgraced actor Bill Cosby's $6.99 million New York City townhouse has been taken off the market after he managed to save the property from impending foreclosure, Realtor.com® can reveal.

The property, which was one of two that had been under threat of foreclosure, was initially put on the market in April, months after it was revealed that Cosby and his wife, Camille, had been accused of defaulting on several loans taken out against their two New York homes.

Its asking price was then lowered to $6.75 million in July—before being taken off the market altogether on Dec. 3.

Now, Cosby's listing agent, Adam Schneider of Corcoran Westside Columbus, has revealed that Cosby, 88, managed to "resolve" the issues with his lender and has decided to renovate the home before putting it back on the market.

"All issues with the lender have been resolved," Schneider said in an email. "The property is now being renovated and we plan to list in the New Year."

Although the listing agent did not elaborate on the specifics of the deal Cosby worked out with his lender, the delisting of his six-bedroom, multistory property on East 61st St., comes just a few weeks after the actor offloaded another Manhattan dwelling for the sky-high price of $28 million in a deal that closed Nov. 14.

That property, which is on East 71st St. and was also listed by Schneider, was first put on the market for $29 million on Sept. 14, having been purchased by Cosby and his spouse for just $6.3 million back in 1990.

Cosby purchased the smaller of his two townhouses for $1.2 million in 1980.

Both townhouses were facing the threat of being sold at a foreclosure auction after the Cosbys were accused by two separate lenders of defaulting on loans taken out against their properties.

Citi Mortgage claimed in legal documents filed at the end of 2024 that Cosby had defaulted on a $4.2 million loan tied to the cheaper of the two dwellings, alleging that the actor and his wife owed $3.7 million in principal on the loan, as well as interest and fees.

Previous reports indicate that this property was primarily used by Cosby's son, Ennis, who was murdered in Los Angeles in 1997.

Meanwhile, the couple was also accused of defaulting on $17.5 million in loans that were taken out against the more expensive of their two homes, according to legal documents filed with the Manhattan Supreme Court on Dec. 31 by the actor's lender, First Foundation Bank.

In the filing, First Foundation sought to force the sale of the lavish abode to recoup at least some of the money that its lawyers say the actor has failed to repay.

According to the lender, Cosby defaulted on two loans taken out against the property: a $12.25 million loan in 2010 and a $5.25 million loan in 2014.

First Foundation alleges that the Cosbys stopped repayments on their loan June 1, 2024, and that the couple were served with a default notice Nov. 18, 2024. That notice stated that they had "failed" to keep up with the monthly repayments on the loan, while also failing to pay property taxes. First Foundation said that more than $300,000 in property taxes were owed on the dwelling.

Cosby and his wife—who are represented by an LLC—were given until Dec. 12, 2024, to repay the money owed. However, First Foundation claims that no payment was made.

However, it is thought that by selling the property for just $1 million under his $29 million asking price, Cosby may have saved himself from going through the humiliation of losing his home to foreclosure.

While the smaller of the two homes was dwarfed in size (and luxury) by the more expensive of the two properties, it still offers plenty of traditional New York elegance to prospective buyers, with the listing describing it as a "true architectural gem."

"Welcome to this distinguished 19th-century townhouse, a true architectural gem located in the heart of Lenox Hill's iconic Treadwell Farm Historic District," the description stated. "Offering a generous 20-foot-wide footprint and spanning 5,000 square feet, this six-bedroom, six-bath residence defines timeless urban sophistication."

It went on to note that, unlike condos and co-ops, the townhouse offers "privacy, scale, and authentic architectural grace" that cannot often be found in homes located in multiunit buildings.

"Unlike apartment life, townhouses offer the freedom of full independence: no shared walls, no coop boards or common lobbies, no neighbors above or below," it read. "Just your own private home, enhanced by exclusive outdoor spaces perfect for entertaining or simply unwinding."

In addition to that privacy, the home also features a number of very high-end amenities, including an in-house elevator that was, according to the listing, only the 10th residential elevator to be installed in New York City.

And while many of the historic design touches throughout the home have been carefully maintained, including the crown molding, fireplaces, exposed red-brick walls, and oak floors, the property has also been updated with a number of modern conveniences, including stainless steel appliances in the kitchen and an outdoor entertaining area.

There is also a basement, which "includes laundry facilities" as well as ample space for storage.

In addition to the private backyard—which offers a seating area, fire pit, and barbecue—the primary bedroom also features a Juliet terrace, as well as floor-to-ceiling windows that allow "sunlight to pour into the space."

The listing photos indicate that the home has not been occupied for some time—with many of the rooms left devoid of all personal objects.

However, the property's decor has been meticulously maintained and is in little need of additional renovations.

The foreclosure cases mark the latest in a long line of legal woes for Cosby, who has been accused of sexual assault, rape, and sexual harassment by more than 60 women in recent years.

In 2018, he was found guilty of three counts of sexual assault and sentenced to three to 10 years in prison. He served three years before his conviction was sensationally overturned by the Pennsylvania Supreme Court in 2021.

Since then, it's understood that Cosby and his wife—who remained with him throughout his sexual assault scandal—have been living primarily at their home in a suburb of Philadelphia.

The couple purchased that property for just $225,000 in 1983, shortly before "The Cosby Show" began airing. Set on a sprawling 3-acre lot, the dwelling boasts seven bedrooms and 6.5 bathrooms.

Google Maps imagery shows the property's driveway barricaded with gates and traffic cones, with a large sign reading: "Private property. No trespassing."

While Cosby's 2018 conviction was overturned, he has since faced several other allegations and lawsuits.

In June 2023, nine women filed a sexual assault lawsuit against the actor in a Nevada court, including former supermodel Janice Dickinson, accusing him of using his "enormous power, fame and prestige" to isolate and abuse them.

Then, in January, another woman accused him of drugging and sexually assaulting her in Las Vegas in 1986, when she was just 15.

Cosby attempted to have the lawsuits dismissed. However, his argument was thrown out by a judge in September.