CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Revenues:
Rental	$ 193,585	$ 171,657	$ 570,025	$ 597,983
Interest on mortgages - notes receivable	617	10,571	9,037	200,488
Total	194,202	182,228	579,062	798,471
Costs and Expenses:
General and administrative	225,238	270,505	767,343	6,291,305
Stock Based Compensation	0	6,035	98,667	16,655
Pension plan termination	0	0	0	(408,086)
Rental property:
Operating expenses	130,586	121,616	360,018	413,120
Interest and fees on mortgage debt	8,499	0	9,333	134
Real estate taxes	12,165	11,938	35,452	35,814
Depreciation on real estate	12,141	0	36,855	0
Amortization of mortgage costs	0	0	132	60
Total	388,629	410,094	1,307,800	6,349,002
Other Income (Loss):
Investment income	2,456	25,177	5,654	40,994
Gain on the sale of Consolidated note receivable	0	0	0	3,264,724
Equity in the loss from joint ventures (Note 3)	0	(313,640)	0	(748,541)
Loss from continuing operations	(191,971)	(516,329)	(723,084)	(2,993,354)
Discontinued Operations (Note 4):
Loss from discontinued operations	(436,277)	(518,494)	(1,009,050)	(1,185,306)
Total loss from discontinued operations	(436,277)	(518,494)	(1,009,050)	(1,185,306)
Net loss	(628,248)	(1,034,823)	(1,732,134)	(4,178,660)
Net loss from noncontrolling interest (Note 6)	172,066	237,969	435,708	563,860
Net loss attributable to Presidential	$ (456,182)	$ (796,854)	$ (1,296,426)	$ (3,614,800)
Earnings per Common Share attributable to Presidential (basic and diluted):
Loss from continuing operations (in dollars per share)	$ (0.05)	$ (0.15)	$ (0.20)	$ (0.88)
Discontinued Operations:
Loss from discontinued operations (in dollars per share)	$ (0.07)	$ (0.08)	$ (0.15)	$ (0.18)
Net Loss per Common Share - basic and diluted (in dollars per share)	$ (0.12)	$ (0.23)	$ (0.35)	$ (1.06)
Weighted Average Number of Shares Outstanding - basic and diluted (in shares)	3,657,369	3,405,680	3,656,243	3,405,355