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)   June 10, 2008
                                                 ---------------------

                            Presidential Realty Corporation
- ---------------------------------------------------------------------
                  (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
- -------------------------------------------           ------
(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 June 10, 2008, Presidential Realty Corporation issued a press release
announcing its repurchase of 12,100 Class A and 226,800 Class B shares of its
Common Stock.

   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:  June 10, 2008                        PRESIDENTIAL REALTY CORPORATION



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





INDEX TO EXHIBITS


Exhibit No.                          Description

99.1                                 Press Release dated June 10, 2008

EX-99

                                                                  Exhibit 99.1
Presidential Realty Corporation                                NEWS
180 South Broadway
White Plains, N.Y. 10605         (914) 948-1300

- -------------------------------------------------------------------------------
                                                         FOR IMMEDIATE RELEASE
                                                         White Plains, New York
                                                         June 10, 2008

Jeffrey Joseph, President of Presidential Realty Corporation (the "Company"), a
real estate investment trust whose shares are traded on the American Stock
Exchange (PDLA and PDLB), announced today that the Company had completed the
purchase in a private transaction of 12,100 shares of its Class A Common Stock
and 226,800 shares of its Class B Common Stock from Wilshire Enterprises, Inc.
for a purchase price of $1,370,650 ($5.50 per share for the Class A shares and
$5.75 per share for the Class B shares). The closing price on the American Stock
Exchange on June 5, 2008, the day before the Agreement to sell the shares was
executed, was $5.50 per share for the Class A shares and $5.80 per share for the
Class B shares. Presidential received a credit against the purchase price in the
amount of $38,224 for the dividend on the shares to be received by the seller on
June 30, 2008.

Mr. Joseph reported that the Board of Directors of the Company believed that the
purchase of a large block of the Company's shares at or below the current price
for the Company's shares is an appropriate use of the Company's cash available
for investment and in the best interest of all of the shareholders of the
Company.



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 2007 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