Exhibit 31.1
                                  CERTIFICATION

I, Jeffrey F. Joseph, Chief Executive Officer of Presidential Realty
Corporation (the "Company") certify that:

 1.    I have reviewed this quarterly report on Form 10-QSB of the Company;

 2.    Based on my knowledge, this quarterly report does not contain any
       untrue statement of a material fact or omit to state a material fact
       necessary to make the statements made, in light of the circumstances
       under which such statements were made, not misleading with respect to
       the period covered by this quarterly report;

 3.    Based on my knowledge, the financial statements, and other financial
       information included in this quarterly report, fairly present in all
       material respects the financial condition, results of operations and
       cash flows of the Company as of, and for, the periods presented in
       this quarterly report;

 4.    The Company's other certifying officer and I are responsible for
       establishing and maintaining disclosure controls and procedures (as
       defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the
       Company and we have:

       a)  designed such disclosure controls and procedures to ensure that
           material information relating to the Company, including its
           consolidated subsidiaries, is made known to us by others within those
           entities, particularly during the period in which this quarterly
           report is being prepared;

       b)  evaluated the effectiveness of the Company's disclosure controls and
           procedures and presented in this report our conclusions about the
           effectiveness of the disclosure controls and procedures, as of the
           end of the period covered by this report based on such evaluation;
           and

       c)  disclosed in this report any changes in the Company's internal
           control over financial reporting that occurred during the Company's
           most recent fiscal quarter that has materially affected, or is
           reasonably likely to materially affect, the Company's internal
           control over financial reporting; and

  5.   The Company's other certifying officer and I have disclosed, based on our
       most recent evaluation of internal control over financial reporting, to
       the Company's auditors and the Audit Committee of the Company's Board of
       Directors:

       a) all significant deficiencies and material weaknesses in the design or
          operation of internal control over financial reporting which are
          reasonably likely to adversely affect the Company's ability to record,
          process, summarize and report financial information; and

       b) any fraud, whether or not material, that involves management or other
          employees who have a significant role in the Company's internal
          control over financial reporting.

  DATE:  May 10, 2004                   By: /s/ Jeffrey F. Joseph
                                            ---------------------
                                            Jeffrey F. Joseph
                                            Chief Executive Officer