Real Estate
Disgraced Hollywood star Bill Cosby is seeking a buyer for his historic Manhattan townhouse with a newly discounted price tag, as legal and financial troubles mount.
The 87-year-old comedian and his wife, Camille, recently lowered the price of their Upper East Side residence to $US6.75 million ($A10.3 million) — shaving $US250,000 ($A382,000) off the original April listing, according to Mansion Global.
The four-storey property sits within the Treadwell Farm Historic District, one of New York City’s earliest designated preservation areas, known for its rows of 19th-century homes on East 61st and 62nd streets, the New York Post reports.
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Bill Cosby has reduced the asking price of his longtime Upper East Side townhouse by $US250,000. Picture: Google Maps
The home is now listed for $US 6.75 million after first putting it on the market in April. Picture: Google Maps
Cosby’s spread, located on East 61st Street, dates to the 1800s and measures approximately 5,000 square feet (464 sqm).
According to the listing, the home includes six bedrooms, four full bathrooms and two half-baths.
Notable features include a rooftop with elevator access, a ground-floor sunroom that opens onto a backyard — and a top-floor primary suite with skylights, a Juliet balcony and cedar-lined closets.
The elevator inside the townhouse was reportedly one of the first 10 ever installed in a New York City residence.
The listing is held by Adam Schneider of Corcoran, who declined to comment on the recent price cut.
The price cut comes amid foreclosure proceedings initiated by CitiMortgage, which alleges the couple defaulted on a $4.2 million loan. The Cosbys have denied the claims. Picture: AP Photo/Matt Slocum
Property records show the Cosbys have owned the home since 1980.
Though their original purchase price is not disclosed, the property is now entangled in a foreclosure case.
In a lawsuit filed by CitiMortgage, the lender alleges the couple defaulted on a $US4.2 million ($A6.4 million) loan issued in 2010.
The Cosbys have pushed back, with their legal team arguing in a February court filing that CitiMortgage inflated the amount owed.
Cosby, once one of television’s most celebrated figures, was convicted in 2018 on three counts of aggravated indecent assault.
He served nearly three years in prison before the Pennsylvania Supreme Court overturned the conviction in 2021, citing due process violations.
Parts of this story first appeared in the New York Post and was republished with permission.
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