While the first brownstone languishes on the market the second more palatial townhouse has been snapped up in a little over a month...
From NY Post
Less than a month after hitting the market, Bill Cosby’s longtime Upper East Side townhouse has already landed a buyer, The Post has learned.
The limestone-clad property at 18 E. 71st St. — listed for $29 million with Corcoran — went into contract on Thursday, Oct. 16, according to StreetEasy records.
The sale price remains under wraps, but the deal marks the latest twist in a turbulent chapter for the disgraced entertainer and his wife, Camille.
Court documents filed earlier this year accused the couple of defaulting on $17.5 million in loans tied to the residence.
The 13,000-square-foot mansion, designed in 1899 by architect John Duncan — the mind behind Grant’s Tomb — stands among the Upper East Side’s grandest Gilded Age holdouts.
Public records trace a complex ownership history: Cosby’s initial purchase was handled through an attorney before being transferred to Camille’s mother and eventually into the couple’s names.
In 1990, the Cosbys accused their former lawyer, Mary Waller, of embezzling funds from that transaction — an early sign of the financial disputes that would follow them for decades.
The East 71st Street mansion isn’t the only property tied to the couple’s mounting debt.
In December, CitiMortgage filed a separate suit alleging default on a $4.2 million loan connected to another townhouse at 243 E. 61st St., which the Cosbys purchased in 1980. That four-story property was listed in April for $7 million and later reduced by roughly $250,000 over the summer as legal battles intensified.
4 comments:
Negative press is free advertising.
Sold. To the man in the top hat.
Why they got a mortgage on a property purchased 45 years ago?
^ legal fees them cases ain't cheap to defend.
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