After greater than 4 a long time, Invoice and Camille Cosby are letting go of their elegant Manhattan townhouse. The property, situated within the upscale Lenox Hill neighborhood on the Higher East Facet, has formally been listed for $6.99 million. Whereas the house itself is a surprising piece of actual property, the explanation behind the sale is much much less glamorous—severe monetary issues which have put the Cosbys in a troublesome place.
Public data present the couple hasn’t made a mortgage fee on the house since June 2024. Foreclosures proceedings have already been filed, although they aim the LLC that owns the property as an alternative of Cosby straight. This transfer suggests they have been utilizing authorized constructions to handle and probably protect their property. However these methods now appear to be falling brief, particularly with their reported $17.5 million debt hanging over them.
This townhouse was as soon as a logo of Invoice Cosby’s success. The previous TV star and comic purchased it again in 1980 for simply $1.2 million, a determine that now appears tiny in comparison with the practically $7 million price ticket right now. Nonetheless, even at that worth, the sale gained’t be sufficient to clear all their money owed. It’s possible only one step in a bigger monetary reset.
Regardless of the monetary cloud hanging over it, the property itself is spectacular. It options six bedrooms, six loos, and loads of historic attraction. The master bedroom is bathed in pure gentle due to its floor-to-ceiling home windows. The kitchen balances classic model with stainless-steel home equipment, and the house provides uncommon perks for Manhattan—like a non-public yard, no shared partitions, and even one of many earliest residential elevators put in in New York Metropolis.
Actual property professionals say properties tied to controversial figures can generally be laborious to promote. However this one stands out for its structure and placement, which might outweigh issues over Cosby’s notoriety. Situated within the historic Treadwell Farm District, the townhouse combines old-school class with trendy consolation, one thing many consumers nonetheless discover interesting.
From the skin, the itemizing seems targeted solely on the house’s options reasonably than its possession. Which may be a sensible transfer, because the aim is prone to transfer the property rapidly and put some money towards the Cosbys’ rising checklist of economic obligations.
For Invoice Cosby, as soon as considered one of America’s most beloved entertainers, the sale of this home is greater than an actual property deal. It marks a shift in way of life, standing, and legacy. What was as soon as a prized piece of his empire is now a needed sacrifice to maintain up with the calls for of debt. It’s unclear whether or not extra properties can be offered sooner or later, however for now, this marks a big—and really public—change within the couple’s monetary actuality.
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