8-K

                                    UNITED STATES
                          SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549

                                       FORM 8-K

                                    CURRENT REPORT

                      Pursuant to Section 13 or 15(d) of the
                          Securities Exchange Act of 1934


Date of Report (Date of earliest event reported)   April 4, 2006
                                                 ---------------------

                       Presidential Realty Corporation
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                  (Exact name of registrant as specified in its charter)

       DELAWARE                   1-8594              13-1954619
- ----------------------------   ------------          ------------
(State or other jurisdiction   (Commission         (I.R.S. Employer
     of incorporation)          File Number)     Identification Number)

180 South Broadway, White Plains, New York            10605
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(Address of principal executive offices)            (Zip Code)

Registrant's telephone number, including area code   (914) 948-1300
                                                     --------------


                           No change since last Report
- -------------------------------------------------------------
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities
       Act (17CFR230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange
      Act(17CFR240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under
      the Exchange Act (17CFR240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under
      the Exchange Act (17CFR240.13e-4(c))









ITEM 8.01.        Other Events.

         On April 4, 2006, Presidential Realty Corporation issued a press
release announcing the termination of its Share Purchase Plan.

     A copy of this press release is annexed hereto as Exhibit 99.1.







                                  SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


Date:  April 4, 2006                        PRESIDENTIAL REALTY CORPORATION



                                            By:/s/ Jeffrey F. Joseph
                                               ----------------------------
                                               Jeffrey F. Joseph
                                               President





INDEX TO EXHIBITS


Exhibit No.                                 Description

99.1                                        Press Release dated April 4, 2006

EX-99

                                                                 Exhibit 99.1

PRESIDENTIAL REALTY CORPORATION       NEWS
180 SOUTH BROADWAY
WHITE PLAINS, N.Y. 10605
(914) 948-1300

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                                                      FOR IMMEDIATE RELEASE
                                                      White Plains, New York
                                                      April 4, 2006

                  PRESIDENTIAL REALTY ANNOUNCES TERMINATION OF
                             ITS SHARE PURCHASE PLAN

Presidential Realty Corporation (AMEX: PDLA and PDLB) announced today that it
has terminated its Share Purchase Plan. The Share Purchase Plan provided that
shareholders could, subject to certain conditions, acquire up to $10,000 of the
Class B Common shares of Presidential Realty Corporation during each calendar
quarter. The Share Purchase Plan was temporarily suspended in the last quarter
of 2004 when it became apparent that Presidential would not be able to obtain
information necessary to prepare financial information required to be included
in its Form 8-K filed with respect to its acquisition of interests in five
regional shopping mall properties. Accordingly, Presidential became delinquent
in its Federal Securities Law filing obligations. With the filing of its
financial statements for the year ended December 31, 2005, such delinquency has
been cured. However, the Board of Directors of the Company has decided to
terminate the Share Purchase Plan.

The dividend reinvestment provisions of The Dividend Reinvestment and Share
Purchase Plan were not previously suspended and remain effective.



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, mall and other commercial
properties; interest rate levels; the availability of financing and other risks
associated with the development, acquisition, ownership and operation 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 2005 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