Drum Hill Senior Living

  • Project: Drum Hill Senior Living
  • Project Type: Senior Rental Housing
  • Financial Assistance: Tax-exempt revenue bond financing, PILOT agreement, sales tax exemption, and NYS recording tax exemption
  • Total Project Amount: $19,650,000
  • Bond Amount: $13,900,000
  • Bond Balance: $0
  • Supplemental Project Information (PDF)
  • Applicant Information: Drum Hill Associates LP, 200 Clearbrook Road, Suite 134, Elmsford, New York 10523


The City of Peekskill Industrial Development Agency approved an Application for Financial Assistance and in November 1998 closed on the $13.9 million tax-exempt revenue bond issue with the project applicant. The project consists of the purchase and redevelopment of a former school at 90 Ringgold Street for 120 units of senior living in addition to a congregate dining area and other common areas. The project is complete.