CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2011	Dec. 31, 2010
Assets
Real estate (Note 3)	$ 16,827,659	$ 16,711,483
Less: accumulated depreciation	2,502,229	1,968,406
Net real estate	14,325,430	14,743,077
Mortgage portfolio held for sale (Note 4)	0	2,074,994
Net mortgage portfolio (Note 4)	30,370	41,955
Investments in joint ventures (Note 5)	0	1,762,225
Prepaid expenses and deposits in escrow	344,564	956,627
Other receivables (net of valuation allowance of $139,204 in 2011 and $272,137 in 2010)	185,734	342,344
Cash and cash equivalents	1,187,081	761,106
Securities available for sale (Note 7)	0	2,839,480
Other assets	300,670	416,457
Total Assets	16,373,859	23,938,265
Liabilities and Stockholders' (Deficiency) Equity
Mortgage debt (Note 8)	14,484,138	14,593,691
Mortgage interest and fees on Berkadia mortgage	1,431,672	975,160
Contractual pension and postretirement benefit liabilities (Note 16)	0	344,479
Defined benefit plan liability (Note 17)	0	2,851,665
Accrued liabilities	915,110	2,553,403
Accounts payable	183,935	302,061
Other liabilities	431,198	360,357
Total Liabilities	17,446,053	21,980,816
Presidential Stockholders' (Deficiency) Equity:
Additional paid-in capital	4,729,463	4,683,708
(Accumulated Deficit) Retained earnings	(1,966,911)	4,619,254
Accumulated other comprehensive loss (Note 18)	0	(4,008,593)
Treasury stock (at cost)	(2,879,354)	(3,129,388)
Total Presidential stockholders' (deficiency) equity	304,646	2,565,930
Noncontrolling interest (Note 9)	(1,376,840)	(608,481)
Total Stockholders' (Deficiency) Equity	(1,072,194)	1,957,449
Total Liabilities and Stockholders' (Deficiency) Equity	16,373,859	23,938,265
Common Class A [Member]
Presidential Stockholders' (Deficiency) Equity:
Common stock: par value $.10 per share (Note 14)	47,164	47,894
Common Class B [Member]
Presidential Stockholders' (Deficiency) Equity:
Common stock: par value $.10 per share (Note 14)	$ 374,284	$ 353,055