CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenues:
Rental	$ 207,377	$ 193,585	$ 635,050	$ 570,025
Interest on mortgages - notes receivable	2,313	617	4,547	9,037
Total	209,690	194,202	639,597	579,062
Costs and Expenses:
General and administrative	260,259	225,238	879,782	767,343
Stock Based Compensation	0	0	0	98,667
Rental property:
Operating expenses	123,649	130,586	397,623	360,018
Interest and fees on mortgage debt	10,652	8,499	22,885	9,333
Real estate taxes	9,597	12,165	28,539	35,452
Depreciation on real estate	16,251	12,141	40,641	36,855
Amortization of in-place lease values and mortgage costs	0	0	0	132
Total	420,408	388,629	1,369,470	1,307,800
Other Income:
Interest income	1,135	2,456	3,634	5,654
Loss from continuing operations	(209,583)	(191,971)	(726,239)	(723,084)
Discontinued Operations (Note 3):
Loss from discontinued operations	(315,749)	(436,277)	(995,444)	(1,009,050)
Net gain from foreclosure of discontinued operations	4,684,012	0	4,684,012	0
Net Income (loss) from discontinued operations	4,368,263	(436,277)	3,688,568	(1,009,050)
Net Income (loss)	4,158,680	(628,248)	2,962,329	(1,732,134)
Net (Income) loss from non-controlling interest (Note 3) and (Note 5)	(1,737,748)	172,066	(1,465,870)	435,708
Net Income (loss) attributable to Presidential	$ 2,420,932	$ (456,182)	$ 1,496,459	$ (1,296,426)
Earnings per Common Share attributable to Presidential basic :
Loss from continuing operations (in dollars per share)	$ (0.06)	$ (0.05)	$ (0.20)	$ (0.20)
Discontinued Operations:
Loss from discontinued operations (in dollars per share)	$ (0.05)	$ (0.07)	$ (0.16)	$ (0.15)
Net gain from foreclosure of discontinued operations (in dollars per share)	$ 0.77	$ 0	$ 0.77	$ 0
Total earnings per share from discontinued operations (in dollars per share)	$ 0.72	$ (0.07)	$ 0.61	$ (0.15)
Net Income (loss) per Common Share - basic (in dollars per share)	$ 0.66	$ (0.12)	$ 0.41	$ (0.35)
Net Income (loss) per Common Share -diluted (in dollars per share)	$ 0.66	$ (0.12)	$ 0.41	$ (0.35)
Weighted Average Number of Shares Outstanding -
basic (in shares)	3,669,680	3,657,369	3,669,680	3,656,243
diluted (in shares)	3,669,680	3,657,369	3,669,680	3,656,243