realestate

Cosby's Upper East Side Townhouse Faces Foreclosure Threat

Bill Cosby sued by CitiMortgage over alleged default on $4.2 million Lenox Hill townhouse loan.

B
ill Cosby, the disgraced actor once known as "America's Dad," is facing a lawsuit from Missouri-based CitiMortgage over an allegedly defaulted loan on his townhouse in Lenox Hill. The $4.2 million loan was taken out for 243 East 61st Street, a four-story, 5,000-square-foot property on the Upper East Side that Cosby purchased with his wife in the 1980s for $327,000.

    According to the lawsuit, Cosby and his wife owe a principal balance of $3.7 million, along with hundreds of thousands in interest and fees. The couple has another home in Lenox Hill, located just 10 blocks north, which they purchased in 1987 for $6.2 million.

    Cosby's real estate holdings also include an estate in Elkins Park, Pennsylvania, where he fled after his sexual assault conviction was overturned in 2021. He and his wife bought the property in 1983 for $225,000, a year before The Cosby Show launched him to fame. Over 50 women have accused Cosby of sexual assault or misconduct, allegations he has consistently denied.

Bill Cosby's Upper East Side townhouse, facing foreclosure threat.