After more than four decades, Bill and Camille Cosby are letting go of their elegant Manhattan townhouse. The property, located in the upscale Lenox Hill neighborhood on the Upper East Side, has officially been listed for $6.99 million. While the home itself is a stunning piece of real estate, the reason behind the sale is far less glamorous—serious financial problems that have put the Cosbys in a tough position.
Public records show the couple hasn’t made a mortgage payment on the home since June 2024. Foreclosure proceedings have already been filed, though they target the LLC that owns the property instead of Cosby directly. This move suggests they were using legal structures to manage and possibly shield their assets. But those strategies now seem to be falling short, especially with their reported $17.5 million debt hanging over them.
This townhouse was once a symbol of Bill Cosby’s success. The former TV star and comedian bought it back in 1980 for just $1.2 million, a figure that now seems tiny compared to the nearly $7 million price tag today. Still, even at that value, the sale won’t be enough to clear all their debts. It’s likely just one step in a larger financial reset.
Despite the financial cloud hanging over it, the property itself is impressive. It features six bedrooms, six bathrooms, and plenty of historic charm. The master suite is bathed in natural light thanks to its floor-to-ceiling windows. The kitchen balances vintage style with stainless steel appliances, and the home offers rare perks for Manhattan—like a private backyard, no shared walls, and even one of the earliest residential elevators installed in New York City.
Real estate professionals say homes tied to controversial figures can sometimes be hard to sell. But this one stands out for its architecture and location, which could outweigh concerns over Cosby’s notoriety. Located in the historic Treadwell Farm District, the townhouse combines old-school elegance with modern comfort, something many buyers still find appealing.
From the outside, the listing appears focused entirely on the home’s features rather than its ownership. That may be a smart move, as the goal is likely to move the property quickly and put some cash toward the Cosbys’ growing list of financial obligations.
For Bill Cosby, once one of America’s most beloved entertainers, the sale of this house is more than a real estate deal. It marks a shift in lifestyle, status, and legacy. What was once a prized piece of his empire is now a necessary sacrifice to keep up with the demands of debt. It’s unclear whether more properties will be sold in the future, but for now, this marks a significant—and very public—change in the couple’s financial reality.
Source: NewsOne