EXHIBIT 21

                   LIST OF SUBSIDIARIES OF PRESIDENTIAL REALTY
                       CORPORATION AS OF DECEMBER 31, 2003

      (1)   PDL, Inc. organized under the laws of the State of Delaware, which
            carries on business under its own name.

      (2)   Presidential Realty of Iowa, Incorporated, organized under the laws
            of the State of Iowa, which carries on business under its own name.

      (3)   Presidential Continental Gardens Corp., organized under the laws of
            the State of Florida, which carries on business under its own name.

      (4)   Fairlawn Gardens Corp., organized under the laws of the State of
            West Virginia, which carries on business under its own name.

      (5)   Presidential Farrington Corp., organized under the laws of the State
            of Florida, which carries on business under its own name.

      (6)   Presidential Preston Lake Corp., organized under the laws of the
            State of Georgia, which carries on business under its own name.

      (7)   Presidential Matmor Corp., organized under the laws of the State of
            Delaware, which carries on business under its own name.