The longtime Manhattan residence of the late Ivana Trump has finally traded hands, but at a price that reflects a sobering reality for New York City’s luxury real estate market.Property records show the opulent Upper East Side townhouse sold on Feb. 27 for $14 million, the Wall Street Journal reported. It’s a $12.5 million price cut from the original $26.5 million asking price set shortly after the businesswoman's death in 2022.The $14 million sale comes after three price cuts over the past three years.Even with the massive discount, the estate saw a $2.5 million return from what Ivana origina...

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