Bill Cosby faces foreclosure on NYC townhouse after allegedly defaulting on a $4.2M loan

Bill Cosby, the 87-year-old disgraced comedian and actor once celebrated as
Bill Cosby, the 87-year-old disgraced comedian and actor once celebrated as “America’s Dad,” is facing foreclosure on his Lenox Hill townhouse in Manhattan after allegedly defaulting on a $4.2 million loan

Bill Cosby, the once-beloved TV icon whose image crumbled during a highly publicized sexual assault scandal in recent years, is now facing foreclosure on his Manhattan townhouse.

Court documents show the 87-year-old allegedly owes millions on the Lenox Hill property, which he and his wife, Camille, purchased back in 1980.

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CitiMortgage filed a lawsuit in Manhattan Supreme Court this week, claiming the former sitcom star defaulted on a $4.2 million loan tied to the four-story residence at 243 E. 61st St., according to Crain’s.

CitiMortgage has filed a lawsuit claiming Cosby and his wife Camille owe $3.7 million in principal, with additional interest and fees. Google Maps
CitiMortgage has filed a lawsuit claiming Cosby and his wife Camille owe $3.7 million in principal, with additional interest and fees. Google Maps

The financial giant alleges the Cosbys still owe $3.7 million in principal, with the rest racking up in interest and fees.

The brownstone, located between Second and Third avenues, spans 5,000 square feet.

While its purchase price is unclear, records suggest it served as a second home.

Reports from the late 1990s indicate that the property was primarily used by Cosby’s son, Ennis, who graduated from Columbia University and was murdered in 1997 in Los Angeles.

The couple purchased the 5,000-square-foot property in 1980, though it’s unclear if they lived there; it was reportedly used by their late son, Ennis. Matt Slocum/AP
The couple purchased the 5,000-square-foot property in 1980, though it’s unclear if they lived there; it was reportedly used by their late son, Ennis. Matt Slocum/AP

Cosby, once known as “America’s Dad” for his role as Cliff Huxtable on “The Cosby Show,” saw his reputation crater after dozens of women accused him of sexual misconduct.

Convicted in 2018 for assaulting a woman 14 years earlier, he served three years of a 10-year prison sentence before Pennsylvania’s Supreme Court overturned the conviction in 2021.

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Cosby has repeatedly denied all allegations against him.

As of now, Cosby has no legal representation listed in the foreclosure case, and his former attorney, Jennifer Bonjean, who famously got his conviction overturned, has not commented.

CitiMortgage’s lawyer also declined to respond to inquiries about the case.

NEW YORK POST

 

 

 

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