Baruch Singer has already made a healthy profit on one of the Hudson Yards properties he purchased last year.
On May 18, the occasionally maligned landlord sold 450 11th Avenue for $45 million, according to city records. Mr. Singer purchased the 9,875-square-foot lot in July 2006 for $29.1 million.
Calls to the buyer, 37-11 Development LLC, to see what is planned for the lot, were not immediately returned.
Last August, The Observer’s Matthew Schuerman reported that Mr. Singer had purchased five Hudson Yards properties during an eight-month span from December 2005 to August 2006; 450 11th Avenue was part of that package.
The 40-block area west of midtown, now known as Hudson Yards, was rezoned last year in anticipation of major residential and commercial projects.