Bill Cosby’s lavish townhouse in New York City has successfully avoided foreclosure after a substantial sale of $28 million. The seven-story residence, located on the Upper East Side, was listed for $29 million and was sold in early November, mere weeks after being put on the market, as indicated by records filed with the city Department of Finance.
The transaction, which was initially reported by Realtor.com, took place at 18 E. 71st St., a location renowned for its affluent surroundings and notable former and current residents, including the iconic “Breakfast at Tiffany’s” brownstone and the late author Joan Didion’s former co-op. Adding a layer of notoriety, Jeffrey Epstein’s former mansion is situated directly across the street.
At 88 years old, Cosby has largely withdrawn from the public eye following numerous accusations of sexual misconduct from over 60 women. While he was convicted of sexual assault in 2018, his conviction was overturned in 2021 by the Pennsylvania Supreme Court.
Cosby acquired this elegant home through a lawyer in 1987, during a peak moment in his career, reportedly as a surprise gift for his wife, Camille. Known as the Luyster Mansion, the stately six-bedroom residence was built in 1899 by architect John Duncan and features a 13,000-square-foot layout with an ornate limestone facade, copper mansard roof, and proximity to Central Park. The interior is impressive, boasting a grand central hall, intricately inlaid floors, 11 fireplaces, and a generous 500-square-foot roof garden.
Despite the successful sale of this remarkable property, the Cosbys had previously faced foreclosure proceedings due to allegations from lender First Foundation Bank regarding defaults on $17.5 million in loans and more than $300,000 in unpaid property taxes—a claim the couple denied in court.
Meanwhile, Cosby’s second Manhattan residence, a four-story townhouse at 243 E. 61st St., is still on the market. Initially listed for $6.99 million in April, the price has since been reduced to $6.75 million amidst its own legal challenges, with CitiMortgage alleging default on a $4.2 million loan associated with that property. Cosby purchased this 5,000-square-foot home in 1980, which was formerly used by his late son, Ennis.
As the former sitcom star navigates the complexities surrounding his properties and legacy, the sale of the Luyster Mansion signifies a substantial financial move during a tumultuous period in his life.