According to his fathers 1723 will, and upon his father's death in 1724, he inherited, by right of
primogeniture, his father's "lot of ground in Albany, on the north side thereof." He also received, equally divided with his brother Nicholas, his father's farm and 2,000 acres of land that was situated "on the north side of the Maqueses river" near
Ticonderoga. The land was granted to him by Patent from
Brig. Gen. Robert Hunter who served
Governor of the Province of New York. One was to get the house, barn, barracks, and other buildings along with the responsibility to assist and pay upkeep towards the other half. His father's mill was to be held in partnership between the sons. He served in that role for a year until De Peyster was again appointed mayor. He was again appointed mayor in 1754 by
James De Lancey, succeeding Robert Sanders. He was reappointed and died in office in 1756. having been appointed in 1754. ==Personal life==