CONSOLIDATED STATEMENTS OF OPERATIONS (Going Concern Basis [Member], USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2010	Sep. 30, 2010
Going Concern Basis [Member]
Revenues:
Rental	$ 959,402	$ 3,119,138
Interest on mortgages - notes receivable	211,499	360,121
Other revenues	13	18,617
Total	1,170,914	3,497,876
Costs and Expenses:
General and administrative	826,372	2,364,328
Depreciation on non-rental property	8,772	26,393
Rental property:
Operating expenses	482,067	1,498,849
Interest on mortgage debt	370,598	1,099,406
Real estate taxes	122,714	345,274
Depreciation on real estate	113,532	338,288
Amortization of in-place lease values and mortgage costs	7,668	25,554
Total	1,931,723	5,698,092
Other Income (Loss):
Investment income	23,466	54,264
Equity in the loss from joint ventures (Note 6)	(205,355)	(614,724)
Gain on settlement of joint venture loan	150,000	150,000
Loss from continuing operations	(792,698)	(2,610,676)
Discontinued Operations (Note 7):
Income from discontinued operations	40,379	96,571
Net gain from sales of discontinued operations	1,764,313	2,063,554
Total income from discontinued operations	1,804,692	2,160,125
Net income (loss)	1,011,994	(450,551)
Add: Net loss from noncontrolling interest (Note 9)	102,545	221,398
Net Income (Loss) attributable to Presidential	1,114,539	(229,153)
Earnings per Common Share attributable to Presidential (basic and diluted):
Loss from continuing operations (in dollars per share)	$ (0.20)	$ (0.70)
Discontinued Operations:
Income from discontinued operations (in dollars per share)	$ 0.01	$ 0.02
Net gain from sales of discontinued operations (in dollars per share)	$ 0.52	$ 0.61
Total income from discontinued operations (in dollars per share)	$ 0.53	$ 0.63
Net Income (Loss) per Common Share - basic and diluted (in dollars per share)	$ 0.33	$ (0.07)
Weighted Average Number of Shares Outstanding - basic and diluted (in shares)	3,393,482	3,391,277
Amounts attributable to Presidential Common Shareholders:
Loss from continuing operations	(690,153)	(2,389,278)
Total income from discontinued operations	1,804,692	2,160,125
Net Income (Loss) attributable to Presidential	$ 1,114,539	$ (229,153)