content: ================================================================================
  
  
  
  
                         SECURITIES AND EXCHANGE COMMISSION
  
                               WASHINGTON, D.C. 20549
  
                            ----------------------------
  
                                      FORM 8-K
  
                            -----------------------------
  
  
                                   CURRENT REPORT
  
       PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
  
                                    JUNE 14, 2005
                  ------------------------------------------------
                  Date of report (Date of earliest event reported)
  
  
  
                                ATLANTIC REALTY TRUST
               (Exact name of registrant as specified in its charter)
  
  <TABLE>
  <CAPTION>
  <S>                                                             <C>                                    <C>
                     MARYLAND                                     0-27562                                13-3849655
  ----------------------------------------------      ------------------------------      ---------------------------------------
  (State or other jurisdiction of incorporation)         (Commission File Number)         (I.R.S. Employer Identification Number)
  </TABLE>
  
  
        747 THIRD AVENUE, NEW YORK, NY                             10017
        ------------------------------------------------------------------
        (Address of principal executive offices)                (Zip Code)
  
  
        Registrant's telephone number, including area code    212-702-8561
        ------------------------------------------------------------------
  
  
  
        ------------------------------------------------------------------
           Former name or former address, if changed since last report)
  
  
  ================================================================================
  
  
  <PAGE>
  
  
  ITEM 1.01.  MATERIAL AGREEMENTS.
  
       On June 14, 2005, Atlantic Realty Trust (the "Trust") entered into a second
  amendment (the "Second Amendment") to the Indemnification Agreement (the
  "Indemnification Agreement") the Trust entered into with Kimco Realty
  Corporation ("Kimco") on March 28, 2005, pursuant to which the Trust agreed to
  allow Kimco to conduct due diligence on the Hylan Plaza Shopping Center, the
  primary asset of the Trust. The Indemnification Agreement was entered into in
  connection with Kimco's bid to acquire the Hylan Plaza Shopping Center from the
  Trust and provided that commencing on March 28, 2005 and for a period of forty
  five (45) days thereafter (such period being referred to as the "Exclusivity
  Period"), neither the Trust nor any of its representatives or agents would
  engage in negotiations or discussions with any party other than Kimco for the
  sale of the capital stock or assets of the Trust, including the sale of the
  Hylan Plaza Shopping Center. A previous amendment extended the Exclusivity
  Period to June 12, 2005, thirty-one (31) days following the original termination
  date and the Second Amendment extends the Exclusivity Period to July 11, 2005.
  While the Trust and Kimco have entered into the Indemnification Agreement, the
  Trust has not as of the date hereof accepted Kimco's offer to purchase the Hylan
  Center; therefore, there is no assurance that Kimco and the Trust will enter
  into a definitive agreement in respect thereto. Attached hereto and incorporated
  herein by reference as Exhibit 10.1 is the Second Amendment.
  
  
  
                                         2
  <PAGE>
  
  
                                     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 hereunto duly authorized.
  
                                          ATLANTIC REALTY TRUST
  
  
  
  Date: June 16, 2005                     By:  /S/ Edwin R. Frankel
                                             ----------------------------
                                             Name: Edwin R. Frankel
                                             Title:  Executive Vice President,
                                                     Chief Financial Officer,
                                                     Secretary and Principal
                                                     Financial and
                                                     Accounting Officer
  
  
  <PAGE>
  
  
  EXHIBIT NUMBER   DESCRIPTION
  --------------   -----------
  
       10.1        Amendment 2 to the Indemnification Agreement dated as of
                   June 14, 2005 by and between Atlantic Realty Trust and Kimco
                   Realty Corporation.
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "e3475718k.txt", "secsgml_size_bytes": 4648}]
metadata_filer: {"company-data": {"conformed-name": "ATLANTIC REALTY TRUST", "cik": "0000948975", "assigned-sic": "6798", "irs-number": "133849655", "state-of-incorporation": "CA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-27198", "film-number": "05900899"}, "business-address": {"street1": "747 THIRD AVE", "city": "NEW YORK", "state": "NY", "zip": "10017", "phone": "2123551255"}, "mail-address": {"street1": "747 THIRD AVE", "city": "NEW YORK", "state": "NY", "zip": "10017"}}
text: ================================================================================
  
                         SECURITIES AND EXCHANGE COMMISSION
  
                               WASHINGTON, D.C. 20549
  
                            ----------------------------
  
                                      FORM 8-K
  
                            -----------------------------
  
                                   CURRENT REPORT
  
       PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
  
                                    JUNE 14, 2005
                  ------------------------------------------------
                  Date of report (Date of earliest event reported)
  
                                ATLANTIC REALTY TRUST
               (Exact name of registrant as specified in its charter)
  MARYLAND                                     0-27562                                13-3849655
  ----------------------------------------------      ------------------------------      ---------------------------------------
  (State or other jurisdiction of incorporation)         (Commission File Number)         (I.R.S. Employer Identification Number)
  747 THIRD AVENUE, NEW YORK, NY                             10017
        ------------------------------------------------------------------
        (Address of principal executive offices)                (Zip Code)
  
        Registrant's telephone number, including area code    212-702-8561
        ------------------------------------------------------------------
  
        ------------------------------------------------------------------
           Former name or former address, if changed since last report)
  
  ================================================================================
  ITEM 1.01.  MATERIAL AGREEMENTS.
  
       On June 14, 2005, Atlantic Realty Trust (the "Trust") entered into a second
  amendment (the "Second Amendment") to the Indemnification Agreement (the
  "Indemnification Agreement") the Trust entered into with Kimco Realty
  Corporation ("Kimco") on March 28, 2005, pursuant to which the Trust agreed to
  allow Kimco to conduct due diligence on the Hylan Plaza Shopping Center, the
  primary asset of the Trust. The Indemnification Agreement was entered into in
  connection with Kimco's bid to acquire the Hylan Plaza Shopping Center from the
  Trust and provided that commencing on March 28, 2005 and for a period of forty
  five (45) days thereafter (such period being referred to as the "Exclusivity
  Period"), neither the Trust nor any of its representatives or agents would
  engage in negotiations or discussions with any party other than Kimco for the
  sale of the capital stock or assets of the Trust, including the sale of the
  Hylan Plaza Shopping Center. A previous amendment extended the Exclusivity
  Period to June 12, 2005, thirty-one (31) days following the original termination
  date and the Second Amendment extends the Exclusivity Period to July 11, 2005.
  While the Trust and Kimco have entered into the Indemnification Agreement, the
  Trust has not as of the date hereof accepted Kimco's offer to purchase the Hylan
  Center; therefore, there is no assurance that Kimco and the Trust will enter
  into a definitive agreement in respect thereto. Attached hereto and incorporated
  herein by reference as Exhibit 10.1 is the Second Amendment.
  
                                         2
  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 hereunto duly authorized.
  
                                          ATLANTIC REALTY TRUST
  
  Date: June 16, 2005                     By:  /S/ Edwin R. Frankel
                                             ----------------------------
                                             Name: Edwin R. Frankel
                                             Title:  Executive Vice President,
                                                     Chief Financial Officer,
                                                     Secretary and Principal
                                                     Financial and
                                                     Accounting Officer
  EXHIBIT NUMBER   DESCRIPTION
  --------------   -----------
  
       10.1        Amendment 2 to the Indemnification Agreement dated as of
                   June 14, 2005 by and between Atlantic Realty Trust and Kimco
                   Realty Corporation.