Trinity Place : Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities by passive investors and certain institutions

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

SCHEDULE 13G

Under the Securities Act of 1934
(Amendment No.)

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: 2,597,591
(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: 2,597,591