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Firm buys rundown buildings in Pel Pkwy; pledges repairs

By Bret Nolan Collazzi

A Manhattan-based real estate firm with holdings that stretch from Queens to Colorado took over two troubled apartment complexes on Wallace Avenue in mid-December, renaming them the Presidential Apartments and promising a wave of repairs.

The firm, the Dermot Company, bought each building for $17.75 million from the Tuckerman Hill Company on December 16, according to Department of Finance records. Vincent Gojcaj, who headed Tuckerman Hill and the Bamabowl Company, the building