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