Exhibit
31.1 CERTIFICATION I, Jeffrey F. Joseph, Chief
  Executive Officer of Presidential Realty Corporation (the small business
  issuer), certify that:1.
I have reviewed this annual
  report on Form 10-KSB of the small business
  issuer;2.
Based on my knowledge, this
  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 report;3.
Based on my knowledge, the
  financial statements, and other financial
  information included in this report, fairly present in all material
  respects  the financial condition, results
  of operations and cash flows of the small business issuer as of, and for, the
  periods presented in this report;4.
The small business issuers
  other certifying officers 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)) and internal control over financial
  reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the
  small business issuer and we have:(a)
designed such disclosure
  controls and procedures, or caused such disclosure controls and procedures to
  be designed under our supervision, to ensure that material information
  relating to the small business issuer, including its consolidated
  subsidiaries, is made known to us by others within those entities,
  particularly during the period in which this report is being prepared;(b)
designed such internal control
  over financial reporting, or caused such internal control over financial
  reporting to be designed under our supervision, to provide reasonable
  assurance regarding the reliability of financial reporting and the
  preparation of financial statements for external purposes in accordance with
  generally  accepted accounting
  principles;(c)
evaluated the effectiveness of
  the small business issuer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(d)
disclosed in this report any
  changes in the small business issuers
  internal control over financial reporting that occurred during
  the  small business issuers most
  recent fiscal quarter that has materially affected, or is reasonably likely
  to materially affect, the small business issuers internal control over
  financial reporting; and5.
The small business issuers
  other certifying officers and I have disclosed, based on our most recent
  evaluation of internal control over financial reporting, to the small
  business issuers auditors and the Audit Committee of the 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 small
  business issuer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 small business issuers internal control over financial
  reporting.DATE: March 25, 2008
By:
/s/ JEFFREY F.
  JOSEPHJeffrey
  F. JosephChief
  Executive Officer