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)   November 20, 2008
                                                 ---------------------

                        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 November 21, 2008, Presidential Realty Corporation issued a press release
announcing its repurchase of 102,895 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:  November 24, 2008                 PRESIDENTIAL REALTY CORPORATION



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






INDEX TO EXHIBITS


Exhibit No.                     Description

99.1                            Press Release dated November 21, 2008

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
                                                        November 21, 2008

Jeffrey Joseph, President of Presidential Realty Corporation (the "Company"), a
real estate investment trust whose shares are traded on the NYSE Alternext US
(PDLA and PDLB), announced today that on November 20, 2008 the Company purchased
in a private transaction 102,895 shares of its Class B Common Stock from an
investor for a purchase price of $2.275 per share, which was $.125 below the
closing price for the Company's Class B Common Stock on the NYSE Alternext US on
November 19, 2008. Mr. Joseph reported that the Board of Directors of the
Company believes that the purchase of a block of the Company's shares at the
$2.275 price 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:

   o     generally adverse economic and business conditions, which may, among
         other things, (a) affect the demand for retail and office space at
         properties owned by the Company or which are security for loans made by
         the Company, (b) affect the availability and creditworthiness of
         prospective tenants and the rental rates obtainable at the properties,
         and (c) affect consumer demand for the products offered by the tenants
         at the malls owned by the joint ventures in which the Company is a
         member, which adversely affects the operating results and valuations of
         such malls;

   o     adverse changes in the real estate markets, including a severe
         tightening of the availability of credit, which may adversely affect
         the ability of the Company or the joint ventures in which the Company
         is a member to sell, or refinance the mortgages on, their properties
         and which may also affect the ability of prospective tenants to rent
         space at these properties;

   o     general risks of real estate development, ownership and operation;

   o     governmental actions and initiatives; and

   o     environmental and safety requirements.

Additional factors that could cause Presidential's results to differ materially
from those described in the forward-looking statements can be found in the
Company's 2007 Annual Report on Form 10-KSB and subsequent quarterly reports on
Form 10-Q. Except as required by law, 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