Bill Cosby has sold his Upper East Side townhouse in Manhattan for $28 million, a move that allows him to avoid foreclosure despite significant financial trouble.
The property, known as the Luyster Mansion, is a seven-story limestone mansion located at 18 E. 71st Street. It spans about 13,000 square feet and includes six bedrooms, 11 fireplaces, and a rooftop garden.
The sale comes after foreclosure proceedings were initiated in 2024 by a bank that claimed the Cosbys defaulted on a $17.5 million loan and owed more than $300,000 in property taxes. Cosby originally acquired the home in the late 1980s, reportedly as a gift to his wife.
This historic mansion dates back to 1899, featuring a copper mansard roof, ornate details, and grand interiors reflective of its Gilded Age roots. By selling, Cosby may recoup part of his debt and stabilize his financial situation — though he still faces pressure on his other New York properties.
In summary, this $28 million deal provides Cosby with a crucial financial reprieve amid ongoing legal and monetary challenges.
