CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Revenues:
Rental	$ 4,461,899	$ 4,920,224
Interest on mortgages - notes receivable	228,003	621,126
Other revenues	457	18,629
Total	4,690,359	5,559,979
Costs and Expenses:
General and administrative	3,124,851	4,428,715
Pension plan termination	4,833,561	0
Depreciation on non-rental property	26,665	35,164
Rental property:
Operating expenses	2,715,812	2,547,697
Interest and fees on mortgage debt	2,034,123	1,471,172
Real estate taxes	450,665	511,438
Depreciation on real estate	545,532	460,235
Amortization of in-place lease values and mortgage costs	25,343	33,286
Total	13,756,552	9,487,707
Other Income (Loss):
Investment income	26,622	89,246
Other income (Note 11)	593,750	0
Equity in the loss from joint ventures (Note 5)	(991,106)	(833,378)
Gain on sale of notes receivable	3,264,724	0
Gain on sale of coop	9,667	0
Gain on settlement of joint venture loans (Notes 4 and 5)	0	150,000
Loss from continuing operations	(6,162,536)	(4,521,860)
Discontinued Operations (Note 6):
Loss from discontinued operations	0	(121,194)
Net gain from sales of discontinued operations	0	2,063,395
Total income from discontinued operations	0	1,942,201
Net loss	(6,162,536)	(2,579,659)
Add: Net loss from noncontrolling interest (Note 9)	768,359	343,825
Net loss attributable to Presidential	$ (5,394,177)	$ (2,235,834)
Earnings per Common Share attributable to Presidential (basic and diluted):
Net loss per Common Share - basic and diluted	$ (1.57)	$ (1.23)
Discontinued Operations:
Loss from discontinued operations (in dollars per share)	$ 0	$ (0.04)
Net gain from sale of discontinued operations (in dollars per share)	$ 0	$ 0.61
Total earnings per share from discontinued operations (in dollars per share)	$ 0	$ 0.57
Net Loss per Common Share - basic and diluted (in dollars per share)	$ (1.57)	$ (0.66)
Weighted Average Number of Shares Outstanding - basic and diluted (in shares)	3,442,423	3,392,072