EXHIBIT 99.1
PRESIDENTIAL REALTY CORPORATION
180 SOUTH BROADWAY
WHITE PLAINS, NEW YORK 10605
914-948-1300
                                                    FOR IMMEDIATE RELEASE
                                                    White Plains, New York
                                                    April 7, 2005


Jeffrey Joseph, President of Presidential Realty Corporation, a real estate
investment trust whose shares are traded on the American Stock Exchange (PDLA
and PDLB), announced today that Presidential completed the sale of Fairlawn
Gardens, a 112-unit garden apartment property in Martinsburg, West Virginia (the
"Property") for a sales price of $3,500,000. The net cash proceeds of sale,
after repayment of the outstanding principal balance of the first mortgage
encumbering the Property, prepayment fees and other closing expenses were
approximately $1,920,000. Prior to closing, the Company received $707,000 of
insurance proceeds resulting from fire damage to sixteen apartments at the
property and applied those insurance proceeds to pay down a portion of the
outstanding balance of the first mortgage. Presidential will recognize a gain
for financial reporting purposes from this transaction of approximately
$2,330,000 and a gain for tax purposes of approximately $2,300,000. However,
Presidential expects to defer the gain for federal income tax purposes pursuant
to the provisions of Section 1031 or 1033 of the Internal Revenue Code, although
no assurances can be given that Presidential will be able to find a suitable
exchange property to complete the tax deferred exchange.



Certain statements in this release that are not historical fact may constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements are based on management's
current expectations and beliefs and are subject to a number of factors and
uncertainties that could cause actual results to differ materially from those
described in the forward-looking statements. The following factors, among
others, could cause actual results to differ materially from those described in
the forward-looking statements: trends and uncertainties in the general economic
climate; the supply of and demand for residential and commercial properties;
interest rate levels; the availability of financing and other risks associated
with the development and acquisition of properties. Additional factors that
could cause Presidential's results to differ materially from those described in
the forward-looking statements can be found in the 2004 Annual Report on Form
10-KSB. The Company expressly disclaims any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statements contained
herein to reflect any changes in the Company's expectations with regard thereto
or change in events, conditions or circumstances on which any such statement is
based.


For further information contact:
Jeffrey F. Joseph, President
Presidential Realty Corporation
at the above address and telephone number