Trump Park Ave. duplex sees $20M price cut

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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.”