Bill Cosby is facing foreclosure on his $4.2 million townhouse in the Lenox Hill neighborhood of New York City.
Court filings reveal that the comedian owes $3.7 million in principal on the property, along with accrued interest and fees.
This four-story residence spans 5,000 square feet and boasts an additional 3,032 square feet of air rights.
The foreclosure action signifies a broader decline in Cosby’s financial standing, a sharp contrast to the wealth he enjoyed during his peak career years.
CitiMortgage’s Lawsuit and Missed Payments
CitiMortgage has filed a lawsuit in the Manhattan Supreme Court against Cosby and his wife, Camille, for defaulting on the $4.2 million loan.
Despite repeated default notices and a deadline to settle the amount owed, the payments remain overdue.
The debt now includes $3.7 million in principal, with the remainder accumulating through interest and fees.
This townhouse is not the only property at risk; Cosby is also facing foreclosure on a second New York City townhouse linked to a $17.5 million loan.
A Home Tied to Family History
The Lenox Hill property carries a poignant history within Cosby’s family.
Reports suggest that it was frequently used by his son, Ennis, a graduate of Columbia University who was tragically murdered in 1997.
The townhouse, currently estimated to be worth $6.8 million, holds emotional significance for the Cosby family, further complicating the foreclosure proceedings.
Decline from Fame to Financial Distress
The foreclosure cases add to a string of challenges that have beset Cosby in recent years.
Known for his beloved portrayal of Cliff Huxtable on The Cosby Show, his reputation crumbled after dozens of women accused him of misconduct.
Convicted of an assault in 2018, Cosby served three years in prison before his conviction was overturned in 2021.
These financial and legal issues continue to tarnish the legacy of a man once celebrated as a television icon.
A Legacy Overshadowed by Scandal
The foreclosure of Bill Cosby’s townhouses in New York reflects a once-revered entertainer’s sharp fall from grace.
Once a symbol of success, the properties now stand as markers of a life overshadowed by scandal, legal battles, and financial mismanagement.
The unfolding foreclosure case serves as yet another chapter in the dramatic decline of a figure once held in high regard by the public.
