UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G Under the Securities Act of 1934 (Amendment No.2) ITEM 1 (a) Name of Issuer: Trinity Place Holdings (b) Address of Issuer's Principal Offices: 340 Madison Ave, Suite 3C New York, NY 10173 ITEM 2 (a) Name of Person Filing: KAHN BROTHERS LLC (b) Address of Principal Office: 555 Madison Avenue, 22nd Floor New York, NY 10022 (c) Citizenship: USA (d) Title of Class of Securities: Common (e) CUSIP Number: 89656D101 ITEM 4 (a) Amount beneficially owned: 1,597,591 (b) Percent of Class: 5.0 (c) Number of shares as to which the person has: (iv) Shared power to dispose or to direct the disposition of: 1,597,591