{"id":214359,"date":"2026-04-29T18:43:23","date_gmt":"2026-04-29T18:43:23","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/214359\/"},"modified":"2026-04-29T18:43:23","modified_gmt":"2026-04-29T18:43:23","slug":"bill-cosby-cuts-price-of-new-york-home-after-losing-60m-assault-case","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/214359\/","title":{"rendered":"Bill Cosby Cuts Price of New York Home After Losing $60M Assault Case"},"content":{"rendered":"

Actor Bill Cosby<\/a> has reduced the asking price of his Manhattan townhouse<\/a> by just over $750,000, weeks after a California<\/a> jury determined that he should pay nearly $60 million in damages to a waitress that he is accused of drugging and sexually assaulting in 1972. <\/p>\n

Cosby, 88, was found liable in a civil case launched against him by Donna Motsinger, who said in her 2023 lawsuit against the actor that she sustained “mental suffering, loss of enjoyment of life, inconvenience, grief, anxiety, humiliation, and emotional distress” in the wake of the assault. <\/p>\n

A civil jury initially awarded Motsinger $17.5 million in past damages and $1.75 million for future damages, before later adding another $40 million in punitive damages during the second phase of the two-week trial, which came to an end on March 24. <\/p>\n

One month later, Cosby has slashed the price of his New York City<\/a> dwelling from $6.75 million to $5.99 million\u2014having originally put the dwelling on the market back in April 2025, when he was facing foreclosure on the property, as well as another luxury Manhattan townhome. <\/p>\n

Cosby initially put\u00a0both\u00a0of his\u00a0New York<\/a>\u00a0dwellings on the market within weeks of one another, months after it was revealed that he and his wife,\u00a0Camille, had been\u00a0accused of defaulting on loans\u00a0secured by the two\u00a0properties.<\/p>\n

Actor Bill Cosby has reduced the asking price of his Manhattan townhouse by just over $750,000.Realtor.comThe price reduction comes just a few weeks after the 88-year-old actor was ordered to pay nearly $60 million to a waitress he is accused of assaulting in 1972. Realtor.comCosby had originally put the property on the market in April 2025, soon after it was revealed that he was facing foreclosure on the property. Realtor.com<\/p>\n

However, after he managed to secure a buyer for the pricier of his two homes\u2014which was listed for $29 million and then sold for $28 million\u2014the actor was able to save the second dwelling from being seized by his lender and the home was taken off the market in December. <\/p>\n

At the time, listing agent\u00a0Adam Schneider<\/a>,\u00a0of Corcoran Westside Columbus, told\u00a0Realtor.com\u00ae<\/a>\u00a0that Cosby had decided to delist the home to perform updates, having successfully resolved his issues with the lender.<\/p>\n

“All issues with the lender have been resolved,” Schneider said in a December email. “The property is now being renovated and we plan to list in the New Year.”<\/p>\n

The six-bedroom abode then reappeared on the market in January. <\/p>\n

In its most recent listing\u2014which has now been updated to note that the “price [has been] reduced for spring,” the property is described as boasting a “reimagined” interior, which is reflected in a new set of photos. <\/p>\n

“Welcome to this distinguished 19th-century townhouse, a true architectural gem located in the heart of Lenox Hill’s iconic Treadwell Farm Historic District,” the description states.<\/p>\n

Cosby purchased the smaller of his two townhouses for $1.2 million in 1980. Though smaller in size (and luxury) than the more expensive of the two properties, it offers plenty of traditional New York elegance.<\/p>\n

“Offering a generous 20-foot-wide footprint and spanning 5,000 square feet, this six-bedroom, six-bath residence defines timeless urban sophistication,” the listing states.<\/p>\n

Unlike condos and co-ops, the townhouse offers “privacy, scale, and authentic architectural grace” that is rare in homes located in multiunit buildings, it continues.<\/p>\n

However, after he sold another New York townhouse for the much higher price of $28 million, the cheaper of the two homes was taken off the market so renovations could be carried out. Realtor.comThe property reappeared on the market in January with an asking price of $6.75 million, however that has now been reduced to $5.99 million. Realtor.comIn its most recent listing\u2014which has now been updated to note that the “price [has been] reduced for spring,” the property is described as boasting a “reimagined” interior, which is reflected in a new set of photos. Realtor.com<\/p>\n

“Unlike apartment life, townhouses offer the freedom of full independence: no shared walls, no coop boards or common lobbies, no neighbors above or below,” it reads. “Just your own private home, enhanced by exclusive outdoor spaces perfect for entertaining or simply unwinding.”<\/p>\n

In addition to that privacy, the home features many very high-end amenities, including an in-house elevator that was, according to the listing, only the 10th residential elevator to be installed in\u00a0New York\u00a0City.<\/p>\n

And while many of the home’s historical design touches have been carefully maintained\u2014including the crown molding, fireplaces, exposed red-brick walls, and oak floors\u2014several modern conveniences were added, including stainless-steel appliances in the kitchen and an outdoor entertaining area.<\/p>\n

The basement “includes laundry facilities” and ample storage space. The private backyard offers a seating area, fire pit, and barbecue.<\/p>\n

The primary bedroom features a Juliet terrace and gorgeous floor-to-ceiling windows that allow “sunlight to pour into the space.”<\/p>\n

The property was thrust into the center of a foreclosure scandal at the end of 2024, when Citi Mortgage claimed in legal documents that Cosby had defaulted on a $4.2 million loan tied to the dwelling, alleging that the actor and his wife owed $3.7 million in principal on the loan, as well as interest and fees.<\/p>\n

Previous reports indicated that the property had primarily been used by Cosby’s son,\u00a0Ennis, who was murdered in Los Angeles in 1997. It is not clear whether the actor continued to use it regularly.<\/p>\n

Meanwhile, the couple were\u00a0also\u00a0accused of defaulting on $17.5 million in loans that were secured by the more expensive of their two homes, according to legal documents filed with the Manhattan Supreme Court on Dec. 31 by the actor’s lender, First Foundation Bank.<\/p>\n

In the filing, First Foundation sought to force the sale of the lavish abode to recoup some of the money that its lawyers say the\u00a0actor has failed to repay.<\/p>\n

Unlike condos and co-ops, the townhouse offers “privacy, scale, and authentic architectural grace” that is rare in homes located in multiunit buildings, the listing continues.Realtor.comWhile many of the home’s historical design touches have been carefully maintained, several modern conveniences were added, including stainless-steel appliances in the kitchen and an outdoor entertaining area.Realtor.com”Welcome to this distinguished 19th-century townhouse, a true architectural gem located in the heart of Lenox Hill’s iconic Treadwell Farm Historic District,” the description states.Realtor.com<\/p>\n

According to the lender, Cosby defaulted on two loans secured by the property: a $12.25 million loan in 2010 and a $5.25 million loan in 2014.<\/p>\n

First Foundation alleged that the Cosbys stopped repayment on their loan on June 1, 2024, and that the couple were served with a default notice on Nov. 18, 2024. That notice stated that they had “failed” to keep up with the monthly repayments on the loan, while also failing to pay property taxes. First Foundation said that more than $300,000 in property taxes were owed on the dwelling.<\/p>\n

Cosby and his wife\u2014who were represented by an LLC\u2014were given until Dec. 12, 2024, to repay the money owed. However, First Foundation claims that no payment was made.<\/p>\n

However, it is thought that by selling the property for just $1 million under his $29 million asking price, Cosby may have saved himself from going through the humiliation of losing his home to foreclosure.<\/p>\n

With regard to his latest legal troubles, the actor’s lawyer has stated that her client fully intends to appeal the verdict\u2014which comes five years after Cosby was freed from a Pennsylvania<\/a> prison when the state’s Supreme Court tossed out a sexual assault conviction against him. <\/p>\n

In the wake of the jury’s decision, Motsinger released a statement in which she praised the jury for finding Cosby “accountable” for his actions, saying: “This verdict is not just about me\u2014it’s about finally being heard and holding Mr. Cosby accountable.<\/p>\n

“I have carried the weight of what happened to me for more than 50 years. It never goes away. Today, a jury saw the truth and held him accountable. That means everything. I hope this gives strength to other survivors who are still waiting for their moment to be heard.” <\/p>\n

In her lawsuit, Motsginer alleged that Cosby had invited her to a stand-up comedy show in San Carlos, CA, claiming that he later invited her backstage, where he gave her wine and two pills, which she had thought were aspirin. However she said that she later lost consciousness and “woke up in her house with all her clothes off.” <\/p>\n

“She woke up in her house with all her clothes off, except her underwear on — no top, no bra, and no pants,” the lawsuit said, according to ABC News<\/a>. “She knew she had been drugged and raped by Bill Cosby.”<\/p>\n

<\/p>\n

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