You will be redirected in 15 seconds, or continue now.

''

Close Stay up-to-date with
Observer.com Newsletters
Sign up for Observer Newsletters!
RSS Feed
The New York Observer

Baruch Singer Sells Hudson Yards Property

View Story On One Page View Story On One Page Print This Story Print This Story Share This Story Share This Story
June 25, 2007 | 10:00 a.m.

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.

Post a Comment The Discussion