Bill Cosby and his wife Camille are facing foreclosure on an Upper East Side townhouse after defaulting on a $17.5 million loan, court records show.
The six-story, 12,060-square-foot property, located at 18 East 71st Street near Central Park, was purchased in 1987 as a surprise gift for Camille during Cosby’s peak fame on The Cosby Show.
This marks the second Manhattan foreclosure for Cosby in less than a month. In addition to the townhouse, the couple defaulted on a $4.2 million loan for another property in Lenox Hill, which they’ve owned since 1980.
Court filings reveal that the couple has not made payments on the $17.5 million loan since June and owes over $300,000 in taxes on the townhouse. Originally purchased for $6.2 million through a lawyer, the property was transferred to Camille’s mother’s name in 1990 amid allegations that the lawyer embezzled millions from the couple.
Cosby’s reputation, once tied to his role as “America’s Dad,” has been tarnished by allegations of drugging and sexually assaulting over 60 women.
In 2018, he was convicted of drugging and assaulting Andrea Constand at his Philadelphia home in 2004, serving prison time before his conviction was overturned in 2021 by the Pennsylvania Supreme Court.
