Bill Cosby's brownstone on East 61st Street is now up for sale, amid a legal tussle with CitiMortgage over an alleged mortgage default. The property, located in New York City's Upper East Side, has been listed for approximately $7 million. As Crain's New York reports, the prewar home spans 5,000 square feet, featuring six bedrooms, an eat-in kitchen, a formal dining room complete with a fireplace, and an elevator.
In-depth details of the foreclosure proceedings reveal that CitiMortgage claims the Cosbys owe them a balance of $4.2 million, plus interest and fees, on a loan taken out in 2010. Cosby's legal defense, according to filings from February, has staunchly denied these accusations, arguing the owed amount has been miscalculated by the lender. Meanwhile, viewing of the brownstone is strictly by appointment only, and the listing agent, Adam Schneider of the Corcoran Group, has chosen not to comment on the situation.
Additional information on Cosby's property dealings as outlined by Curbed, shows that Cosby bought the four-story brownstone back in 1980, reported for $327,000. The East 61st Street home was once the residence of his son, Ennis Cosby, prior to his tragic death in 1997. Cosby also owns another townhouse in the Lenox Hill neighborhood, a massive 12,000-square-foot site located at East 71st Street. Despite foreclosure looming over the East 61st property, there appear to be no current plans to sell the East 71st Street property, which was procured in 1987 for roughly $6.2 million.
While Cosby's real estate woes continue, it's worth noting his legal history over the past several years. Bill Cosby was convicted in 2018 on sexual assault charges, but was subsequently released from prison in 2021 after the Pennsylvania Supreme Court overturned his conviction. More than 50 women have accused Cosby of sexual assault or misconduct, allegations which he has categorically denied. The Enquirer-named "America’s Dad" for his role in the 1980s TV series The Cosby Show finds himself, at age 87, entangled not only in legacy-tarnishing allegations but also in complex legal disputes over his tangible assets.
