Trump Parc East

James H. Herbert II, the chairman and chief executive of the very ritzy First Republic Bank, listed his penthouse at Trump Parc East on Central Park South earlier this month for $38 million, nearly four times what he paid back in 2005.

That’s a sign that the annual onslaught of post-Labor Day real estate listings (most brokers don’t bother putting anything good on the market in hot, deadened August) will be as giddily ambitious as always. And considering that the apartment is being listed by Stribling at 25,866,600 euros (monthly maintenance fees and taxes are given bi-continentally, too), it’s also a sign that brokers are still hoping to lure the gaggle of foreign buyers that have been feasting on Manhattan real estate—despite evidence that the dollar is regaining some ground.  read more »