"The townhouse was a former private-school building before Cosby purchased it nearly 40 years ago for $6.2 million, apparently as a surprise for his wife, Camille. (Per the New York Observer, the property was originally purchased in the name of a former business partner before being transferred to his mother-in-law's name and, finally, to the Cosbys.) First Foundation Bank foreclosed on the building last year after the Cosbys allegedly defaulted on $17.5. million in loans."
"First Foundation Bank foreclosed on the building last year after the Cosbys allegedly defaulted on $17.5. million in loans. According to a Manhattan Supreme Court foreclosure suit filed in December that names both Bill and Camille, the pair stopped making payments on the loans in June 2024 in addition to failing to pay over $300,000 in property taxes. (In legal filings, the Cosbys denied First Foundation's claims.)"
"This is familiar terrain for the Cosby family: The former Cosby Show patriarch was hit with a foreclosure suit in December over a $4.2 million loan concerning another Lenox Hill mansion he owns at 243 East 61st Street. That home, which Cosby purchased in 1980, was listed back in April for $7 million while the foreclosure dispute was being hashed out in court, then took a nearly quarter-million-dollar price cut in July."
Bill Cosby listed his seven-story limestone and copper townhouse at 18 East 71st Street for $29 million. Cosby purchased the property in 1987 for $6.2 million after it had been a private-school building. First Foundation Bank foreclosed on the building last year after alleged defaults on $17.5 million in loans. A Manhattan Supreme Court foreclosure suit filed in December says the Cosbys stopped loan payments in June 2024 and failed to pay over $300,000 in property taxes; the Cosbys denied those claims in legal filings. The family faces a separate foreclosure dispute over a Lenox Hill mansion at 243 East 61st Street.
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