Adam Modlin

Interviewing celebrity real estate broker Adam Modlin is a bit like a Cold War-era rendezvous with a double agent. You pick a day and time, and move your assets — reporter and photographer — into the general area. Then you wait for a phone call to reveal the exact coordinates of your meeting. After several last-minute delays, an e-mail directs you to a dark hotel bar, and you find Modlin in a corner booth, sipping a designer sparkling water. “Sit down,” says Modlin, whose stylish threads would suit Daniel Craig’s 007 — matching gray vest, pants, and tie from the new Tom Ford collection, black loafers with a gold bit, Rolex watch, Chrome Hearts glasses.

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The price of a duplex penthouse at Trump Park Avenue, listed for $51 million until it went off the market last month, is now back on the market — for $20 million less. Broker Adam Modlin is now listing the apartment for $31 million, about $5,000 per square foot. The apartment was one of the 10 properties in the city listed for over $45 million in late 2008. Modlin told the Observer that he and Trump agreed the price cut is “appropriate for today’s market.”