No, it is not possible to do in one night as you require at least 3 nights to get an idea of the time at which the star passes the tall object so that you can compare the time taken between 1&2, and 2&3 nights for the star to pass the object, which will give you an average value of a sidereal day which can be used to calculate the sidereal year.
Since, sidereal day = solar day - 4mins, therefore, there should be approx 23hrs 56mins difference between one and the next night.
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