Project: Wesley Hall Apartments, 801 South Street, Peekskill, New York 10566

Project Type: Senior Rental Housing

Financial Assistance: straight lease transaction, PILOT agreement, sales tax exemption and NYS mortgage tax exemption

Total Proejct Amount: $16,019,119.00
Benefited Project Amount: $11,472,175.00

Applicant Information: Wesley Hall Apartments LLC, c/o Omni New York LLC, 885 Second Avenue, Floor 31, Suite C, New York, New York 10017

The City of Peekskill Industrial Development Agency approved an Application for Financial Assistance during 2008 and entered into a straight lease transaction with the applicant. The project consists of the purchase and rehabilitation of Wesley Hall Apartments; a 117-unit affordable senior rental housing community located at 801 South Street in Peekskill.