SECURITIES AND EXCHANGE COMMISSION

                          Washington, D.C.  20549

                                 FORM 10-Q

(Mark One)


  [x]             QUARTERLY REPORT PURSUANT TO SECTION 13 OR
                 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended   June 30, 2000
                                ----------------

                                    OR


  [ ]        TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
                OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                  to

                   Commission file number      1-8594
                                               -------


                    PRESIDENTIAL REALTY CORPORATION
                    -------------------------------
          (Exact name of registrant as specified in its charter)

       Delaware                                        13-1954619
       ---------                                       ----------
(State or other jurisdiction of                    (I.R.S. Employer
  incorporation or organization)                   Identification No.)

  180 South Broadway, White Plains, New York              10605
  ------------------------------------------              ------
  (Address of principal executive offices)              (Zip Code)

Registrant's telephone number, indicating area code     914-948-1300
                                                        ------------

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.  Yes    x      No
                                                     ------        ------

The number of shares outstanding of each of the issuer's classes of common stock
as of the close of  business  on August  7, 2000 was  478,940  shares of Class A
common and 3,221,222 shares of Class B common.






              PRESIDENTIAL REALTY CORPORATION AND SUBSIDIARIES




                              Index to Form 10-Q

                          For the Six Months Ended

                                June 30, 2000



Part I - Financial Information (Unaudited)


     Consolidated Balance Sheets

     Consolidated Statements of Operations

     Consolidated Statements of Cash Flows

     Notes to Consolidated Financial Statements

     Management's Discussion and Analysis of
       Financial Condition and Results of Operations

Part II - Other Information

     Item 6.  Exhibits and Reports on Form 8-K






<TABLE>
PRESIDENTIAL REALTY CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (Unaudited)
<CAPTION>



Assets                                                                                  June 30,                    December 31,
                                                                                          2000                         1999
                                                                                   -------------------          --------------------
<S>                                                                                <C>                          <C>

  Real estate (Note 2)                                                                    $63,206,764                   $35,647,633
    Less: accumulated depreciation                                                          8,934,748                     8,231,480
                                                                                   -------------------          --------------------

  Net real estate                                                                          54,272,016                    27,416,153
                                                                                   -------------------          --------------------

  Mortgage portfolio (Note 3):
    Sold properties                                                                        28,410,306                    28,481,797
    Related parties                                                                         1,541,660                     1,574,028
                                                                                   -------------------          --------------------

    Total mortgage portfolio                                                               29,951,966                    30,055,825
                                                                                   -------------------          --------------------

  Less discounts:
    Sold properties                                                                         1,729,574                     1,837,722
    Related parties                                                                           127,048                       132,073
                                                                                   -------------------          --------------------

    Total discounts                                                                         1,856,622                     1,969,795
                                                                                   -------------------          --------------------

  Less deferred gains:
    Sold properties                                                                        11,320,373                    11,320,373
    Related parties                                                                           896,648                       908,343
                                                                                   -------------------          --------------------

    Total deferred gains                                                                   12,217,021                    12,228,716
                                                                                   -------------------          --------------------

  Net mortgage portfolio (of which $817,522 in 2000
    and $127,803 in 1999 are due within one year)                                          15,878,323                    15,857,314
                                                                                   -------------------          --------------------

  Minority partners' interest (Note 4)                                                      7,858,503                     7,904,533
  Prepaid expenses and deposits in escrow                                                   2,055,245                     1,434,079
  Other receivables (net of valuation allowance of
    $123,969 in 2000 and $139,822 in 1999)                                                    752,347                       494,220
  Securities available for sale (Note 5)                                                        5,137                     2,299,494
  Cash and cash equivalents                                                                 2,032,185                     7,014,542
  Other assets                                                                              2,028,669                     1,641,095
                                                                                   -------------------          --------------------

  Total Assets                                                                            $84,882,425                   $64,061,430
                                                                                   ===================          ====================



 See notes to consolidated financial statements.
</TABLE>




<TABLE>
PRESIDENTIAL REALTY CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (Unaudited)
<CAPTION>

Liabilities and Stockholders' Equity

                                                                                         June 30,                   December 31,
                                                                                           2000                         1999
                                                                                     ------------------           ------------------
<S>                                                                                  <C>                          <C>

      Liabilities:
        Mortgage debt (of which $599,558 in 2000 and
          $1,338,491 in 1999 are due within one year) (Note 6)                             $60,132,441                  $39,379,458
        Executive pension plan liability                                                     1,506,367                    1,479,185
        Accrued liabilities                                                                  2,055,938                    1,637,069
        Accrued taxes payable                                                                                               220,500
        Accrued postretirement costs                                                           522,809                      538,398
        Deferred income                                                                        156,538                       46,533
        Accounts payable                                                                       376,294                      414,195
        Other liabilities                                                                      878,228                      799,490
                                                                                     ------------------           ------------------

      Total Liabilities                                                                     65,628,615                   44,514,828
                                                                                     ------------------           ------------------


      Stockholders' Equity:
        Common stock; par value $.10 per share
          Class A, authorized 700,000 shares, issued and
            outstanding 478,940 shares                                                          47,894                       47,894
          Class B                  June 30, 2000           December 31, 1999                   322,244                      321,240
          -----------           -----------------          -----------------
          Authorized:                 10,000,000                  10,000,000
          Issued:                      3,222,436                   3,212,402
          Treasury:                        1,258                       1,258

        Additional paid-in capital                                                           2,633,192                    2,573,281
        Retained earnings                                                                   16,633,266                   17,209,589
        Net unrealized gain (loss) on securities available for sale (Notes 5 and 8)              1,542                     (221,074)
        Class B, treasury stock (at cost)                                                      (16,828)                     (16,828)
        Notes receivable for exercise of stock options                                        (367,500)                    (367,500)
                                                                                     ------------------           ------------------

      Total Stockholders' Equity                                                            19,253,810                   19,546,602
                                                                                     ------------------           ------------------

      Total Liabilities and Stockholders' Equity                                           $84,882,425                  $64,061,430
                                                                                     ==================           ==================




See notes to consolidated financial statements.
</TABLE>





<TABLE>
PRESIDENTIAL REALTY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
<CAPTION>





                                                                                        SIX MONTHS ENDED JUNE 30,
                                                                                    ---------------------------------------

                                                                                          2000                  1999
                                                                                    -----------------     -----------------
Income:
<S>                                                                                       <C>                   <C>
  Rental                                                                                  $6,743,471            $5,216,605
  Interest on mortgages - sold properties                                                  1,489,646             1,423,048
  Interest on wrap mortgages                                                                                       528,173
  Interest on mortgages - related parties                                                     89,921               144,987
  Investment income                                                                          164,067               338,052
  Other                                                                                       24,701                53,468
                                                                                    -----------------     -----------------

Total                                                                                      8,511,806             7,704,333
                                                                                    -----------------     -----------------

Costs and Expenses:
  General and administrative                                                               1,379,867             1,365,350
  Interest on note payable and other                                                                               215,090
  Interest on wrap mortgage debt                                                                                    54,586
  Amortization of  loan acquisition costs                                                                            3,128
  Depreciation on non-rental property                                                         11,460                12,723
  Rental property:
    Operating expenses                                                                     2,832,419             2,291,040
    Interest on mortgages                                                                  1,932,087             1,483,639
    Real estate taxes                                                                        568,306               430,726
    Depreciation on real estate                                                              704,129               491,622
    Amortization of mortgage costs                                                            43,326               239,970
    Minority interest share of partnership income                                            320,767               257,449
                                                                                    -----------------     -----------------

Total                                                                                      7,792,361             6,845,323
                                                                                    -----------------     -----------------


Income before net gain (loss) from sales of properties, notes and securities                 719,445               859,010

Net gain (loss) from sales of properties, notes and securities (includes a
  provision for Federal and State taxes of $1,566,474 in 1999)                              (113,320)            7,798,999
                                                                                    -----------------     -----------------

Net Income                                                                                  $606,125            $8,658,009
                                                                                    =================     =================


Earnings per Common Share (basic and diluted) (Note 1-C):
  Income before net gain (loss) from sales of properties, notes and securities                 $0.19                 $0.24

  Net gain (loss) from sales of properties, notes and securities                               (0.03)                 2.16
                                                                                    -----------------     -----------------

Net Income per Common Share                                                                    $0.16                 $2.40
                                                                                    =================     =================

Cash Distributions per Common Share                                                            $0.32                 $0.32
                                                                                    =================     =================

Weighted Average Number of Shares Outstanding                                              3,694,556             3,612,942
                                                                                    =================     =================



See notes to consolidated financial statements.
</TABLE>



<TABLE>
PRESIDENTIAL REALTY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
<CAPTION>





                                                                                        THREE MONTHS ENDED JUNE 30,
                                                                                    ---------------------------------------

                                                                                          2000                  1999
                                                                                    -----------------     -----------------
Income:
<S>                                                                                       <C>                   <C>
  Rental                                                                                  $3,862,939            $2,612,844
  Interest on mortgages - sold properties                                                    745,481               581,995
  Interest on wrap mortgages                                                                                       228,786
  Interest on mortgages - related parties                                                     44,712                89,535
  Investment income                                                                           37,314               226,645
  Other                                                                                        4,387                42,770
                                                                                    -----------------     -----------------

Total                                                                                      4,694,833             3,782,575
                                                                                    -----------------     -----------------

Costs and Expenses:
  General and administrative                                                                 658,698               698,483
  Interest on note payable and other                                                                                29,241
  Interest on wrap mortgage debt                                                                                    23,264
  Depreciation on non-rental property                                                          5,785                 6,468
  Rental property:
    Operating expenses                                                                     1,674,149             1,122,281
    Interest on mortgages                                                                  1,166,038               737,334
    Real estate taxes                                                                        320,914               209,151
    Depreciation on real estate                                                              433,545               248,181
    Amortization of mortgage costs                                                            22,585                18,199
    Minority interest share of partnership income                                            152,572               128,796
                                                                                    -----------------     -----------------

Total                                                                                      4,434,286             3,221,398
                                                                                    -----------------     -----------------


Income before net gain (loss) from sales of properties, notes and securities                 260,547               561,177

Net gain (loss) from sales of properties, notes and securities                              (126,023)            1,080,031
                                                                                    -----------------     -----------------

Net Income                                                                                  $134,524            $1,641,208
                                                                                    =================     =================


Earnings per Common Share (basic and diluted) (Note 1-C):
  Income before net gain (loss) from sales of properties, notes and securities                 $0.06                 $0.16

  Net gain (loss) from sales of properties, notes and securities                               (0.03)                 0.30
                                                                                    -----------------     -----------------

Net Income per Common Share                                                                    $0.03                 $0.46
                                                                                    =================     =================

Cash Distributions per Common Share                                                            $0.16                 $0.16
                                                                                    =================     =================



See notes to consolidated financial statements.
</TABLE>



<TABLE>
PRESIDENTIAL REALTY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
<CAPTION>


                                                                                                 SIX MONTHS ENDED JUNE 30,
                                                                                       --------------------------------------------

                                                                                            2000                        1999
                                                                                       ----------------            ----------------
 Cash Flows from Operating Activities:
<S>                                                                                         <C>                         <C>
   Cash received from rental properties                                                     $6,722,320                  $5,268,840
   Interest received                                                                         1,643,806                   2,118,885
   Miscellaneous income                                                                         23,453                      55,448
   Interest paid on rental property mortgages                                               (1,849,707)                 (1,493,243)
   Interest paid on wrap mortgage debt                                                                                     (54,586)
   Interest paid on note payable and other                                                                                (200,609)
   Cash disbursed for rental property operations                                            (3,744,260)                 (2,522,018)
   Cash disbursed for general and administrative costs                                      (1,474,500)                 (1,506,057)
                                                                                       ----------------            ----------------

 Net cash provided by operating activities                                                   1,321,112                   1,666,660
                                                                                       ----------------            ----------------


 Cash Flows from Investing Activities:
   Payments received on notes receivable                                                       103,859                   1,897,826
   Proceeds from sale of notes receivable                                                                               20,331,599
   Payments disbursed for deferred sales commission                                                                     (1,000,000)
   Payments of taxes payable on gain from sale of notes                                       (220,500)
   Payments disbursed for additions and improvements                                          (300,434)                   (533,114)
   Purchase of property                                                                    (27,275,886)
   Proceeds from sale of property                                                               69,979                      91,452
   Purchases of securities                                                                                              (7,995,738)
   Proceeds from sales of securities                                                         2,331,119
                                                                                       ----------------            ----------------

 Net cash (used in) provided by investing activities                                       (25,291,863)                 12,792,025
                                                                                       ----------------            ----------------

 Cash Flows from Financing Activities:
   Principal payments on mortgage debt:
     Properties owned                                                                       (1,147,017)                   (206,090)
     Wrap mortgage debt on sold properties                                                                                (156,222)
   Mortgage debt payment from proceeds of mortgage refinancing                                                          (3,120,190)
   Mortgage proceeds                                                                        21,900,000                   3,195,500
   Repayment of wrap mortgage debt                                                                                      (2,300,000)
   Mortgage costs                                                                             (350,094)                    (82,824)
   Principal payments on note payable                                                                                  (10,395,361)
   Cash distributions on common stock                                                       (1,182,448)                 (1,155,486)
   Proceeds from dividend reinvestment and share purchase plan                                  42,690                      45,795
   Distributions to minority partners                                                         (274,737)                   (405,674)
                                                                                       ----------------            ----------------

 Net cash provided by (used in) financing activities                                        18,988,394                 (14,580,552)
                                                                                       ----------------            ----------------


 Net Decrease in Cash and Cash Equivalents                                                  (4,982,357)                   (121,867)

 Cash and Cash Equivalents, Beginning of Period                                              7,014,542                   1,764,465
                                                                                       ----------------            ----------------

 Cash and Cash Equivalents, End of Period                                                   $2,032,185                  $1,642,598
                                                                                       ================            ================



 See notes to consolidated financial statements.
</TABLE>





<TABLE>
PRESIDENTIAL REALTY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
<CAPTION>


                                                                                                SIX MONTHS ENDED JUNE 30,
                                                                                      ----------------------------------------------

                                                                                            2000                         1999
                                                                                      -----------------            -----------------

<S>                                                                                   <C>                          <C>
Reconciliation of Net Income to Net Cash
  Provided by Operating Activities

Net Income                                                                                    $606,125                   $8,658,009
                                                                                      -----------------            -----------------


Adjustments  to  reconcile   net  income  to  net  cash  provided  by  operating
  activities:
    Depreciation and amortization                                                              758,915                      747,443
    Losses (gains) from sales of properties, notes and securities                              113,320                   (7,798,999)
    Issuance of treasury stock for fees and expenses                                                                         10,755
    Amortization of discounts on notes and fees                                               (184,954)                    (455,484)
    Minority share of partnership income                                                       320,767                      257,449
Changes in assets and liabilities:
    Increase in accounts receivable                                                           (186,346)                    (101,640)
    Increase in accounts payable and accrued liabilities                                       392,561                      344,926
    Increase (decrease) in deferred income                                                     110,005                      (13,725)
    Decrease (increase) in prepaid expenses, deposits in escrow
      and deferred charges                                                                    (605,913)                      17,682
    Decrease in security deposit liabilities                                                   (11,233)                      (1,478)
    Other                                                                                        7,865                        1,722
                                                                                      -----------------            -----------------

Total adjustments                                                                              714,987                   (6,991,349)
                                                                                      -----------------            -----------------


Net cash provided by operating activities                                                   $1,321,112                   $1,666,660
                                                                                      =================            =================




See notes to consolidated financial statements.
</TABLE>





PRESIDENTIAL REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE SIX MONTHS ENDED JUNE 30, 2000

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

A. General - Presidential Realty Corporation  ("Presidential" or the "Company"),
a Real Estate Investment Trust ("REIT"),  is engaged  principally in the holding
of notes and mortgages secured by real estate and in the ownership of income
producing real estate.  Presidential operates in a single business segment,
investments in real estate related assets.

B. Principles of Consolidation - The consolidated financial statements include
the  accounts  of   Presidential   Realty   Corporation  and  its  wholly  owned
subsidiaries.  Additionally,  the consolidated financial statements include 100%
of the account  balances of UTB Associates and PDL, Inc. and Associates  Limited
Co-Partnership ("Home Mortgage Partnership"), partnerships in which Presidential
or PDL, Inc., a wholly owned subsidiary of Presidential, is the General Partner.

All significant intercompany balances and transactions have been eliminated.

C. Net  Income  Per  Share - Basic net  income  per share  data is  computed  by
dividing the net income by the weighted  average number of shares of Class A and
Class B common stock outstanding during each period.  Basic net income per share
and diluted income per share are the same for the six months ended June 30, 2000
and 1999. The dilutive effect of stock options is calculated  using the treasury
stock method.

D. Basis of Presentation - The accompanying unaudited consolidated financial
statements have been prepared in accordance with accounting principles generally
accepted in the United States of America for interim financial  information.  In
the opinion of management,  all adjustments (consisting of only normal recurring
accruals)  considered  necessary for a fair  presentation of the results for the
respective periods have been reflected.  These consolidated financial statements
and  accompanying  notes should be read in  conjunction  with the Company's Form
10-K for the year ended December 31, 1999.

E. Management Estimates - In preparing the consolidated  financial statements in
conformity with accounting principles generally accepted in the United States of
America,  management is required to make estimates and  assumptions  that affect
the reported  amounts of assets and  liabilities  and  disclosure  of contingent
assets and liabilities as of the date of the consolidated balance sheets and the
reported amounts of income and expense for the reporting period.  Actual results
could differ from those estimates.


2. REAL ESTATE

   Real estate is comprised of the following:
                                                June 30,        December 31,
                                                 2000               1999
                                              -----------       ------------

Land                                          $ 9,599,970       $ 5,461,173
Buildings and leaseholds                       53,277,559        29,909,205
Furniture and equipment                           329,235           277,255
                                              -----------       -----------

Total real estate                             $63,206,764       $35,647,633
                                              ===========       ===========

In March,  2000,  the Company  purchased  two apartment  properties,  Farrington
Apartments,  a 224 unit garden  apartment  property in  Clearwater,  Florida and
Preston  Lake  Apartments,  a 320 unit  garden  apartment  property  in  Tucker,
Georgia.  The  purchase  price  for  the  Farrington   Apartments  property  was
$9,630,950 and the purchase price for the Preston Lake  Apartments  property was
$17,450,000. Additional acquisition costs for these properties were $165,471 and
$29,465,  respectively.  In connection  with the purchase of these two apartment
properties,  the  Company  obtained  first  mortgage  loans  of  $7,900,000  and
$14,000,000, respectively.


3. MORTGAGE PORTFOLIO

The Company's mortgage portfolio includes notes receivable - sold properties and
notes receivable - related parties.

Notes receivable - sold properties consist of:

(1) Long-term purchase money notes from sales of properties previously owned by
the Company or notes  purchased by the Company.  These purchase money notes have
varying interest rates with balloon payments due at maturity.

(2) Notes  receivable  from sales of cooperative  apartment  units.  These notes
generally  have market  interest  rates and the majority of these notes amortize
monthly with balloon payments due at maturity.

Notes receivable - related parties are all due from Ivy Properties, Ltd. or its
affiliates (collectively "Ivy") and consist of:

(1)  Purchase  money  notes  resulting  from sales of  property  or  partnership
interests to Ivy.

(2) Notes receivable  relating to loans made by the Company to Ivy in connection
with Ivy's cooperative conversion business.

At June 30,  2000,  all of the notes in the  Company's  mortgage  portfolio  are
current.


4. MINORITY PARTNERS' INTEREST

Presidential  is the General  Partner of UTB  Associates and PDL, Inc. (a wholly
owned  subsidiary  of  Presidential)  is the  General  Partner of Home  Mortgage
Partnership.  Presidential  has  a  66-2/3%  interest  in  UTB  Associates,  and
Presidential  and PDL,  Inc.  have an aggregate  26%  interest in Home  Mortgage
Partnership. As the General Partner of these partnerships, Presidential and PDL,
Inc.,  respectively,  exercise  effective  control  over the  business  of these
partnerships, and, accordingly,  Presidential consolidates these partnerships in
the accompanying financial statements.  The minority partners' interest reflects
the minority partners' equity in the partnerships.

The minority partners'  interest in the Home Mortgage  Partnership is a negative
interest  and  therefore,  minority  partners'  interest  is a net  asset on the
Company's financial  statements.  The negative basis for each partner's interest
in the Home Mortgage  Partnership  is due to the  refinancing of the mortgage on
the property and the distribution of the proceeds to the partners.  The mortgage
debt, which is included in the Company's financial statements,  is substantially
in excess of the net carrying  amount of the property,  but the  estimated  fair
value of the property is significantly greater than the mortgage debt. Thus, the
asset recorded as minority  partners'  interest  should be realized upon sale of
the property.




Minority partners' interest is comprised of the following:

                                                   June 30,     December 31,
                                                     2000           1999
                                                 ----------     -----------
Home Mortgage Partnership                        $8,075,852      $8,112,127
UTB Associates                                     (217,349)       (207,594)
                                                 ----------      ----------

Total minority partners' interest                $7,858,503      $7,904,533
                                                 ==========      ==========


5. SECURITIES AVAILABLE FOR SALE

The cost and fair value of securities available for sale are as follows:

                                                  June 30,      December 31,
                                                    2000             1999
                                                  -------       -----------
Cost                                               $3,595        $2,520,568
Gross unrealized gains                              1,580             1,824
Gross unrealized losses                               (38)         (222,898)
                                                   ------        ----------

Fair value                                         $5,137        $2,299,494
                                                   ======        ==========

During the six months ended June 30, 2000, the Company sold securities available
for sale for gross proceeds of $2,331,119  and a net loss of $185,854.  This net
loss was composed of a gross loss of $188,160 and a gross gain of $2,306. During
the six months ended June 30, 1999, there were no sales of securities  available
for sale.

6. MORTGAGE DEBT

In  connection  with the  purchase of  Farrington  Apartments  and Preston  Lake
Apartments  in  March,   2000,   the  Company   obtained  first  mortgage  loans
collateralized by the properties as follows:

                           Mortgage   Interest   Monthly   Maturity    Balloon
Property                     Loan       Rate     Payment     Date      Payment
--------                   --------   --------   -------   --------    -------
Farrington Apartments    $ 7,900,000    8.25%   $ 59,350   5/1/2010  $ 7,106,299
Preston Lake Apartments   14,000,000    8.15%    104,195   5/1/2010   12,564,077

In May, 2000, the mortgage on the Company's Building  Industries Center property
became  due and the  Company  made a  $901,689  balloon  payment  to  repay  the
mortgage.

7. INCOME TAXES

Presidential has elected to qualify as a Real Estate  Investment Trust under the
Internal Revenue Code. A REIT which  distributes at least 95% of its real estate
investment trust taxable income to its shareholders  each year by the end of the
following  year and which meets  certain other  conditions  will not be taxed on
that portion of its taxable income which is distributed to its shareholders.

For the year ended  December 31, 1999,  the Company had taxable  income  (before
distributions to stockholders)  of approximately  $3,711,000  ($1.01 per share),
which included  approximately  $2,836,000 ($.77 per share) of capital gains. The
$3,711,000 was reduced by the $630,000 ($.17 per share) of undistributed
capital gains  designated as paid under  Section  857(b)(3)(D).  At December 31,
1999,   the  Company   accrued   $220,500  for  income  taxes  on  the  $630,000
undistributed capital gain, which tax was paid in January,  2000. The $3,081,000
balance of taxable  income will be reduced by the  $801,000  ($.22 per share) of
its 1999  distributions  that were not utilized in reducing the  Company's  1998
taxable  income.  In addition,  the Company may elect to apply any eligible year
2000 distributions to reduce its 1999 taxable income.

In order to retain REIT status,  Presidential  is required to distribute  95% of
its REIT  taxable  income  (exclusive  of capital  gains).  As of June 30, 2000,
Presidential  has  distributed  all of the  required 95% ($.23 per share) of its
1999 REIT taxable income.  In addition,  although no assurances can be given, it
is the Company's  present intention to distribute all of its 1999 taxable income
(after the $630,000  retained  capital  gain) and,  therefore,  no provision for
income taxes was made for the $3,081,000 of taxable income at December 31, 1999.

Furthermore,   the  Company  had  taxable   income  (before   distributions   to
stockholders) for the six months ended June 30, 2000 of approximately
$398,000  ($.11 per  share),  which is net of  capital  losses of  approximately
$113,000  ($.03 per share).  This  amount will be reduced by 2000  distributions
that were not utilized in reducing the Company's  1999 taxable income and by any
eligible 2001 distributions that the Company may elect to utilize as a reduction
of its 2000 taxable income.

Presidential intends to continue to maintain its REIT status.  Presidential has,
for tax purposes,  reported the gain from the sale of certain of its  properties
using the installment method.

8. COMPREHENSIVE INCOME

The Company's  only element of other  comprehensive  income is the change in the
unrealized  gain (loss) on the Company's  securities  available for sale.  Thus,
comprehensive  income,  which  consists  of  net  income  plus  or  minus  other
comprehensive  income,  for the six  months  ended  June  30,  2000 and 1999 was
$828,741 and $8,232,611, respectively.

9.  COMMITMENTS AND CONTINGENCIES

Presidential  is not a party to any material legal  proceedings  except as noted
below.

UTB Associates,  a partnership in which the Company holds a 66-2/3% interest, is
a tenant under a lease (the "Professional Space Lease") of 24,400 square feet of
professional office space at University Towers, a cooperative apartment building
in New Haven,  Connecticut.  UTB Associates  sublets the  professional  space to
unrelated  parties.   In  June,  1999,   University  Towers  Owners  Corp.,  the
cooperative corporation, filed a petition for reorganization under Chapter 11 of
the U.S.  Bankruptcy Code in the United States Bankruptcy Court for the District
of Connecticut,  New Haven division. As part of the bankruptcy  proceedings,  in
July, 1999 the cooperative corporation filed an Adversary Proceeding against UTB
Associates for termination of the Professional Space Lease and damages primarily
based on claims arising under  Connecticut  law. The Company has been advised by
its litigation  counsel that there are meritorious  defenses to the claim raised
by the cooperative corporation and that if these defenses are successful,  it is
unlikely  that the  Professional  Space  Lease  will be  terminated  or that any
damages  will be  assessed  against  UTB  Associates.  However,  in light of the
uncertainties of litigation, no assurances can be given as to the outcome of the
litigation.  The Company's financial statements reflect approximately $12,000 of
income from the Professional  Space Lease for the period ended June 30, 2000 and
$37,000 for the period ended June 30, 1999.



In addition,  the Company may be a party to routine litigation incidental to the
ordinary course of its business.

In the opinion of  management,  all of the Company's  properties  are adequately
covered by insurance in accordance with normal insurance practices.  The Company
is not aware of any environmental issues at any of its properties. The presence,
with or without the Company's  knowledge,  of hazardous substances at any of its
properties could have an adverse effect on the Company's  operating  results and
financial condition.



PRESIDENTIAL REALTY CORPORATION AND SUBSIDIARIES

MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS
FOR THE SIX AND THREE MONTHS ENDED JUNE 30, 2000 AND 1999

Results of Operations

Financial Information for the six months ended June 30, 2000 and 1999:
----------------------------------------------------------------------------

Revenue  increased  by $807,473  primarily  as a result of  increases  in rental
income,  offset  by  decreases  in  interest  on  wrap  mortgages,  interest  on
mortgages-related parties and investment income.

Rental income  increased by $1,526,866  primarily as a result of the purchase of
Farrington  Apartments  and  Preston  Lake  Apartments  in  March,  2000,  which
increased rental income by $1,193,918.  In addition,  rental income increased by
$147,112  at the Home  Mortgage  Plaza  property  and by  $185,836  at all other
properties.

Interest on wrap mortgages decreased by $528,173 as a result of the modification
of the New  Haven  wraparound  mortgage  notes in 1999 and the sale of the Grant
House wraparound mortgage note in 1999. As a result of these  transactions,  the
Company no longer holds any wraparound mortgage notes.

Interest on mortgages-related parties decreased by $55,066 primarily as a result
of the $49,582 decrease in interest received on the Consolidated Loans.

Investment  income  decreased  by $173,985  primarily as a result of the sale of
securities in the fourth quarter of 1999 and during 2000.

Costs and  expenses  increased  by $947,038  primarily  due to  increases in all
categories  of  rental  property  operations.  The  increases  were  due  to the
acquisitions  of  Farrington  Apartments  and Preston Lake  Apartments in March,
2000.  These  increases were partially  offset by a decrease in  amortization of
mortgage  costs, a decrease in interest  expense on note payable and other and a
decrease in interest expense on wrap mortgage debt.

Interest on note payable and other  decreased by $215,090  primarily as a result
of the repayment of the note payable in February, 1999.

Interest on wrap mortgage debt decreased by $54,586 as a result of the repayment
and sale of the wrap mortgage debts in 1999.

Rental  property  operating  expenses  increased  by $541,379.  Rental  property
operating  expenses for Farrington  Apartments and Preston Lake  Apartments were
$497,067.  In addition,  operating  expenses  increased by $47,601 at University
Towers  Professional  Space resulting from increased legal and professional fees
incurred in connection with the litigation with University Towers Owners Corp.

Interest on  mortgages  increased  by $448,448.  Mortgage  interest  expense for
Farrington Apartments and Preston Lake Apartments was $488,214.

Real  estate tax  expense  increased  by  $137,580.  Real estate tax expense for
Farrington  Apartments and Preston Lake Apartments was $87,594.  Real estate tax
expense increased by $27,568 at the Continental  Gardens property as a result of
refunds for prior years' real estate  taxes which were  received in 1999 thereby
reducing 1999 expenses below that which was expected to recur. In addition, real
estate  taxes  at  the  Sunwood  Apartments  and  Mapletree   Industrial  Center
properties increased by $20,193.

Depreciation  on real estate  increased  by $212,507.  Depreciation  expense for
Farrington  Apartments and Preston Lake  Apartments  was $177,120.  Depreciation
expense  increased by $35,387 at all other  properties  as a result of additions
and improvements made to the properties.

Amortization  of mortgage costs  decreased by $196,644  primarily as a result of
the write-off in 1999 of unamortized  mortgage costs of $166,756 and the $31,200
prepayment penalty fee associated with the prior mortgage on the Cambridge Green
property which was refinanced in 1999.

Minority  interest share of partnership  income increased by $63,318 as a result
of an increase in partnership income on the Home Mortgage Plaza property.

Net gain from sales of  properties,  notes and  securities are sporadic (as they
depend on the timing of sales or the receipt of  installments  or prepayments on
purchase money notes). In 2000, the net loss from sales of properties, notes and
securities was $113,320 compared with a net gain of $7,798,999 in 1999:

Gain (loss) from sales recognized at June 30,              2000         1999
                                                           ----         ----
  Sales of mortgage notes:
    Fairfield Towers First and Second Mortgages
    (net of taxes of $1,566,474)                                      $6,050,740
    Grant House wraparound mortgage note                                 425,000
  Deferred gains recognized upon receipt of
    principal payments on notes:
    New Haven - $1,000,000 principal payment                           1,000,000
    Pinewood - $317,662 principal prepayment                             218,534
    Overlook                                            $ 11,695          10,587
    Fairfield Towers Second Mortgage                                      19,466
Sales of property:
    Sherwood House                                                        74,672
    Broad Park Lodge                                      60,839
  Sales of securities                                   (185,854)
                                                       ----------     ----------
  Net gain (loss)                                      $(113,320)     $7,798,999
                                                       ==========     ==========


Financial Information for the three months ended June 30, 2000 and 1999:
----------------------------------------------------------------------------

Revenue  increased  by $912,258  primarily  as a result of  increases  in rental
income and interest on mortgages-sold properties. These increases were offset by
decreases in interest on wrap mortgages,  interest on mortgages-related parties,
investment income, and other income.

Rental income  increased by $1,250,095  primarily as a result of the acquisition
of Farrington  Apartments and Preston Lake  Apartments,  which increased  rental
income by  $1,100,714.  In addition,  rental income  increased by $75,305 at the
Home Mortgage  Plaza  property and by $33,021 at the Cambridge  Green  property.
Rental income at all other properties increased by $41,055.

Interest on  mortgages-sold  properties  increased  by $163,486  primarily  as a
result of mortgage  modifications and rate increases,  which increased  interest
for the period by $268,178.  These increases were partially offset by a $104,692
decrease in amortization of discounts on notes. The majority of the discounts on
the notes held by  Presidential  were fully  amortized as the notes matured,  or
when a particular note was paid off or sold.

Interest on wrap mortgages decreased by $228,786 as a result of the modification
of the New  Haven  wraparound  mortgage  notes in 1999 and the sale of the Grant
House wraparound mortgage note in 1999.


Interest on mortgages-related parties decreased by $44,823 primarily as a result
of the $42,568 decrease in interest received on the Consolidated Loans.

Investment income decreased by $189,331 as a result of the sale of securities in
the fourth quarter of 1999 and during 2000.

Other  income  decreased  by  $38,383  primarily  as a result of a  $30,750  fee
received in the 1999 period from the modification of the New Haven notes.

Costs and expenses  increased by  $1,212,888  primarily  due to increases in all
categories of rental property operating expenses. These increases were offset by
decreases in general and administrative expenses,  decreases in interest expense
on note  payable and other and  decreases in interest  expense on wrap  mortgage
debt.

General and  administrative  expenses decreased by $39,785 primarily as a result
of a $46,140 decrease in professional fee expenses.

Interest  on note  payable  and other  decreased  by  $29,241 as a result of the
discounts on commissions payable which were fully amortized in 1999.

Interest  on  wrap  mortgage  debt  decreased  by  $23,264  as a  result  of the
repayments and sale of the wrap mortgage debts in 1999.

Rental property  operating  expenses increased by $551,868 primarily as a result
of the  addition of  Farrington  Apartments  and Preston Lake  Apartments  which
increased operating expenses by $457,925. In addition, rental property operating
expenses  increased  by  $39,680 at the  University  Towers  Professional  Space
property as a result of increased legal and professional fees. Electric expenses
increased  at the Home  Mortgage  Plaza  property by $22,518 and expenses at the
Building  Industries  Center  property  increased  by  $20,020  as a  result  of
increases in repairs and maintenance and bad debts.

Interest  on  mortgages  increased  by  $428,704  primarily  as a result  of the
addition of Farrington  Apartments and Preston Lake  Apartments  which increased
mortgage interest expense by $452,908.

Real  estate tax expense  increased  by  $111,763  primarily  as a result of the
addition of Farrington  Apartments and Preston Lake Apartments,  which increased
real estate tax expense by $81,188.  Real estate tax expense at the  Continental
Gardens  property  increased  by $23,236 as a result of refunds of prior  years'
taxes  received in 1999 thereby  reducing the 1999 expenses below that which was
expected to recur.

Depreciation on real estate  increased by $185,364  primarily as a result of the
addition of Farrington  Apartments and Preston Lake  Apartments  which increased
depreciation  expense by $167,599.  Depreciation expense increased by $17,765 at
all other properties.

Minority  interest share of partnership  income increased by $23,776 as a result
of an increase in partnership income on the Home Mortgage Plaza property.

Net gain from sales of  properties,  notes and  securities are sporadic (as they
depend on the timing of sales or the receipt of  installments  or prepayments on
purchase money notes). In 2000, the net loss from sales of properties, notes and
securities was $126,023 compared with a net gain of $1,080,031 in 1999:






Gain (loss) from sales recognized at June 30,              2000            1999
                                                           ----            ----
  Deferred gains recognized upon receipt of
    principal payments on notes:
    New Haven - $1,000,000 principal payment                          $1,000,000
    Overlook                                                 5,920         5,359
  Sale of property:
    Sherwood House                                                        74,672
  Sales of securities                                     (131,943)
                                                         ----------   ----------
  Net gain (loss)                                        $(126,023)   $1,080,031
                                                         ==========   ==========


Balance Sheet

Real estate  increased by  $27,559,131 as a result of the purchase of Farrington
Apartments and Preston Lake Apartments in March, 2000. The capitalized costs for
Farrington  Apartments,  a 224 unit garden  apartment  property  in  Clearwater,
Florida was $1,900,000  for land and $7,896,421 for buildings and  improvements.
The capitalized  costs for Preston Lake Apartments,  a 320 unit garden apartment
property  in  Tucker,  Georgia,  was  $2,240,000  for land and  $15,239,465  for
buildings and  improvements.  In addition,  net additions  and  improvements  to
properties were $283,245.

Prepaid expenses and deposits in escrow increased by $621,166 as a result of the
purchase of Farrington Apartments and Preston Lake Apartments.

Other  receivables  increased by $258,127 as a result of increases of $26,733 in
tenants accounts receivables, increases of $172,503 in miscellaneous receivables
and an increase of $58,891 in accrued interest receivable.

Securities available for sale decreased by $2,294,357 as a result of the sale of
$2,516,973 in marketable equity securities, primarily interest-bearing corporate
preferred stocks,  offset by a $222,616 increase in the fair value of securities
available for sale.

Cash and cash equivalents  decreased by $4,982,357  primarily as a result of the
cash  utilized  for the  purchase of  Farrington  Apartments  and  Preston  Lake
Apartments.  In addition,  in the second quarter of 2000, the Company repaid the
$901,689 outstanding mortgage debt on its Building Industries Center property.

Mortgage debt increased by $20,752,983  primarily due to the $7,900,000 mortgage
on  Farrington   Apartments  and  the  $14,000,000   mortgage  on  Preston  Lake
Apartments.  This increase was partially offset by the $901,689 repayment of the
mortgage on the Building Industries Center property.

Deferred  income  increased by $110,005  primarily as a result of an increase of
$72,237 in deferred interest income and an increase of $40,318 in prepaid rents.

In March,  2000,  three directors of the Company were each given 1,000 shares of
the Company's Class B common stock as partial payment for directors fees for the
2000 year. The average market value for the previous month of the Class B common
stock,  on which the fees were based,  was $6.075 per share. As a result of this
transaction,  the  Company  recorded  $18,225 in prepaid  directors  fees (to be
amortized  during  2000) based on the  average  market  value of the stock.  The
Company recorded  additions to the Company's Class B common stock of $300 at par
value of $.10 per share and $17,925 to additional paid-in capital.

Net  unrealized  gain  (loss) on  securities  available  for sale  decreased  by
$222,616  primarily  as a result  of the  sales of  securities  in the six month
period and an increase in the fair value of securities available for sale.


Forward-Looking Statements

Certain   statements  made  in  this  report  may  constitute   "forward-looking
statements"  within the meaning of Section 27A of the Securities Act of 1933, as
amended and Section 21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking  statements include statements  regarding the intent,  belief or
current  expectations  of the Company and its  management  and involve known and
unknown  risks,  uncertainties  and other  factors  which  may cause the  actual
results,  performance or achievements of the Company to be materially  different
from any future  results,  performance or  achievements  expressed or implied by
such forward-looking  statements.  Such factors include, among other things, the
following:  general  economic and business  conditions,  which will, among other
things affect the demand for apartments or commercial  space,  availability  and
creditworthiness  of  prospective  tenants,   lease  rents  and  the  terms  and
availability of financing; adverse changes in the real estate markets including,
among  other  things,  competition  with other  companies;  risks of real estate
development  and  acquisition;   governmental   actions  and  initiatives;   and
environment/safety requirements.

Liquidity and Capital Resources

Management  believes  that the  Company  has  sufficient  liquidity  and capital
resources  to  carry  on its  existing  business  and,  barring  any  unforeseen
circumstances, to pay the dividends required to maintain REIT status in the
foreseeable future. In March, 2000, the Company purchased two new properties and
utilized a  substantial  portion of its  available  funds,  as well as obtaining
mortgage  financing  for the purchase of these  properties.  Except as discussed
herein,  management is not aware of any other  trends,  events,  commitments  or
uncertainties that will have a significant effect on liquidity.

Presidential obtains funds for working capital and investment from its
available cash and cash  equivalents,  from securities  available for sale, from
operating  activities,  from  refinancing  of mortgage  loans on its real estate
equities,  and from the sales of or  repayments on its mortgage  portfolio.  The
Company  also has at its  disposal a $250,000  unsecured  line of credit  from a
lending institution.

At June 30, 2000, Presidential had $2,032,185 in available cash and cash
equivalents,  a decrease of $4,982,357 from the $7,014,542 at December 31, 1999.
This  decrease in cash and cash  equivalents  was due to cash used in  investing
activities of  $25,291,863,  offset by cash provided by operating  activities of
$1,321,112 and financing activities of $18,988,394.

Operating Activities

Presidential's principal source of cash from operating activities is from
interest on its mortgage  portfolio,  which was $1,643,806 in 2000. In 2000, net
cash  received from rental  property  operations  was $853,616,  which is net of
distributions  from  partnership  operations  to  minority  partners  but before
additions and improvements and mortgage amortization.

Investing Activities

Presidential  holds a portfolio  of mortgage  notes  receivable,  which  consist
primarily of notes arising from sales of real properties previously owned by
the Company. During 2000, the Company received principal payments of $103,859 on
its  mortgage  portfolio of which  $30,395  represented  prepayments,  which are
sporadic and cannot be relied upon as a regular source of liquidity.

In March,  2000, the Company  purchased  Farrington  Apartments and Preston Lake
Apartments for a purchase price of $9,630,950 and $17,450,000, respectively. The
Company   obtained  first   mortgage   loans  of  $7,900,000  and   $14,000,000,
respectively, which are collateralized by the properties.

During 2000, the Company invested  $300,434 in additions and improvements to its
properties.

Financing Activities

The Company's indebtedness at June 30, 2000, consisted of $60,132,441 of
mortgage  debt.  The  mortgage  debt,  which  is  collateralized  by  individual
properties,  is  nonrecourse  to the Company with the  exception of the $251,942
Mapletree  Industrial  Center mortgage,  which is collateralized by the property
and a guarantee of repayment by Presidential. In addition, some of the Company's
mortgages  provide for personal  liability for damages  resulting from specified
acts  or  circumstances,  such  as  for  environmental  liabilities  and  fraud.
Generally,  mortgage  debt  repayment  is  serviced  with  cash  flow  from  the
operations  of  the  individual  properties.   During  2000,  the  Company  made
$1,147,017 of principal  payments on mortgage  debt.  Included in the $1,147,017
principal  payments on mortgage debt was a balloon  payment of $901,689 that the
Company paid in May, 2000 on the outstanding mortgage on its Building Industries
Center property.

In  connection  with the  purchase of  Farrington  Apartments  and Preston  Lake
Apartments  in  March,   2000,   the  Company   obtained  first  mortgage  loans
collateralized by the properties as follows:

                           Mortgage   Interest   Monthly   Maturity    Balloon
Property                     Loan       Rate     Payment     Date      Payment
--------                   --------   --------   -------   --------    -------
Farrington Apartments     $ 7,900,000    8.25%  $ 59,350   5/1/2010  $ 7,106,299
Preston Lake Apartments    14,000,000    8.15%   104,195   5/1/2010   12,564,077


In addition,  the Company  paid  mortgage  costs of $350,094  for the  mortgages
obtained for the new properties.  These mortgage costs were capitalized to other
assets  and  will be  amortized  over  the life of the  mortgages  applying  the
interest method.

The mortgages on the Company's  properties  are at fixed rates of interest.  The
majority  of the  mortgages  have  balloon  payments  due at  maturity  with the
exception of four mortgages which are self-liquidating.

During 2000,  Presidential declared and paid cash distributions of $1,182,448 to
its shareholders and received proceeds from its dividend  reinvestment and share
purchase plan of $42,690.




PART II - OTHER INFORMATION



Item 6.  Exhibits and Reports on Form 8-K.

(a)   Exhibit 27.  Financial Data Schedule.

(b)      During the calendar  quarter  ended June 30, 2000,  the Company filed a
         Form 8-K/A on May 25, 2000 which  disclosed  under Item 2 - Acquisition
         or Disposition of Assets and Item 7 - Financial Statements and Exhibits
         the purchase of Farrington  Apartments and the purchase of Preston Lake
         Apartments.


SIGNATURES


Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


PRESIDENTIAL REALTY CORPORATION
       (Registrant)


DATE:  August 9, 2000            By:  /s/ Jeffrey F. Joseph
                                      ---------------------
                                      Jeffrey F. Joseph
                                      President



DATE:  August 9, 2000            By:  /s/ Elizabeth Delgado
                                      ---------------------
                                      Elizabeth Delgado
                                      Treasurer