Biggest price cut of the day

The home to see the biggest price cut today, where an address has been identified, is a penthouse at 502 Park Avenue in the Trump Park Avenue building, according to Streeteasy.com. The asking price of the four-bedroom, five-bath unit, apartment PH29, was cut by $1 million, or 10 percent, to $12.5 million from March. The home’s price was increased twice and dropped twice since it first hit the market in January 2006 for $13.1 million. Prudential Douglas Elliman’s Dolly Lenz and Sandra Papale have the listing. TRD