Form: SC 13D/A

General Statement of Acquisition of Beneficial Ownership

July 11, 2005

SC 13D/A: General Statement of Acquisition of Beneficial Ownership

Published on July 11, 2005

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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

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SCHEDULE 13D/A

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13D-2

(AMENDMENT NO. 15)

ATLANTIC REALTY TRUST

(NAME OF ISSUER)

COMMON SHARES OF BENEFICIAL INTEREST, PAR VALUE $.01 PER SHARE
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(Title of Class of Securities)


048798-10-2
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(CUSIP Number)

MILTON COOPER
KIMCO REALTY CORPORATION
3333 NEW HYDE PARK ROAD
NEW HYDE PARK, NY 11042-0020
(516) 869-9000
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)


JULY 11, 2005
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(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box: / /.

(Continued on following pages)
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(Page 1 of 8 Pages)




CUSIP No. 048798-10-2 Page 2 of 7 Pages

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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Kimco Realty Corporation

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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /

(b) / /
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3. SEC USE ONLY

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4. SOURCE OF FUNDS

WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) / /

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6. CITIZENSHIP OR PLACE OF ORGANIZATION

Maryland
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Number of 7. SOLE VOTING POWER
Shares 355,498
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Beneficially 8. SHARED VOTING POWER
Owned By 962,289
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Each 9. SOLE DISPOSITIVE POWER
Reporting 355,498
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Person With 10. SHARED DISPOSITIVE POWER
962,289
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,317,787
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES / /

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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 37.0%

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14. TYPE OF REPORTING PERSON REPORTING

CO
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CUSIP No. 048798-10-2 Page 3 of 7 Pages

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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Kimco Realty Services, Inc.

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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /

(b) / /
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3. SEC USE ONLY

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4. SOURCE OF FUNDS

WC, AF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / /

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6. CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware
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Number of 7. SOLE VOTING POWER
Shares none
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Beneficially 8. SHARED VOTING POWER
Owned By 962,289
--------------------------------------------------------------------
Each 9. SOLE DISPOSITIVE POWER
Reporting none
-------------------------------------------------------------------
Person With 10. SHARED DISPOSITIVE POWER
962,289
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
962,289
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /

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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 27.0%

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14. TYPE OF REPORTING PERSON REPORTING

CO
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CUSIP No. 048798-10-2 Page 4 of 7 Pages
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1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Milton Cooper
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /

(b) / /
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3. SEC USE ONLY

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4. SOURCE OF FUNDS

OO
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)

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6. CITIZENSHIP OR PLACE OF ORGANIZATION

United States
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Number of 7. SOLE VOTING POWER
Shares 29,824
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Beneficially 8. SHARED VOTING POWER
Owned By 3,127
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Each 9. SOLE DISPOSITIVE POWER
Reporting 29,824
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Person With 10. SHARED DISPOSITIVE POWER
3,127
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
32,951
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /


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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.9%

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14. TYPE OF REPORTING PERSON REPORTING

IN
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This Amendment No. 15 amends and supplements the Schedule 13D filed
on May 24, 1996, and amended on July 3, 1996, by Kimco Realty Corporation, a
Maryland corporation ("Kimco"), and Milton Cooper and further amended on May 15,
1997, June 10, 1997, April 30, 1998, September 20, 1999, August 10, 2000, August
23, 2000, August 9, 2001, January 31, 2003, August 3, 2004, February 24, 2005,
March 28, 2005, May 13, 2005 and June 16, 2005 by Kimco, Milton Cooper and Kimco
Realty Services, Inc., a Delaware corporation ("Services") (as amended, the
"Schedule 13D"), relating to the common shares of beneficial interest, par value
$.01 per share (the "Shares"), of Atlantic Realty Trust, a Maryland corporation
(the "Company"). Unless otherwise indicated, all capitalized terms used herein
shall have the meanings given to them in the Schedule 13D, and unless amended or
supplemented hereby, all information previously filed remains in effect.

ITEM 4. PURPOSE OF THE TRANSACTION

Item 4 is hereby amended to add the following:

On July 11, 2005, Kimco and the Company entered into an amendment to
the Indemnification Agreement dated as of March 28, 2005 (as amended on May 12,
2005 and June 14, 2005, the "Indemnification Agreement"), pursuant to which the
Company agreed to extend the Exclusivity Period (as defined in the Schedule 13D)
until August 5, 2005.

Kimco, Services and Milton Cooper each reserves the right, based on
all relevant factors, and in each case subject to the provisions of the
Standstill Agreement (as defined in the Schedule 13D), to acquire additional
Shares, to dispose of all or a portion of its holdings of Shares, to modify,
amend or rescind any proposals with respect to the Property (as defined in the
Schedule 13D)(including the Proposal (as defined in the Schedule 13D)), to make
any alternative proposals with respect to an acquisition of Shares or assets of
the Company, a merger, a reorganization or any other extra-ordinary transaction
involving the Company or its assets, or to change its intention with respect to
any or all of the matters referred to in this Item 4.


ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.

The response to Item 4 is incorporated herein by reference.

ITEM 7. MATERIALS TO BE FILED AS EXHIBITS.

Exhibit 9. Indemnification Agreement.






SIGNATURE

After reasonable inquiry and to the best of the undersigned's
knowledge and belief, the undersigned certifies that the information set forth
in this statement is true, complete and correct.



KIMCO REALTY CORPORATION



By: /s/ Milton Cooper
---------------------------------
Name: Milton Cooper
Title: Chairman and Chief
Executive Officer

KIMCO REALTY SERVICES, INC.


By: /s/ Milton Cooper
---------------------------------
Name: Milton Cooper
Title: President


/s/ Milton Cooper
-------------------------------
Milton Cooper
July 11, 2005





Exhibit Index


Exhibit 10 Amendment dated as of July 11, 2005, by and among Atlantic Realty
Trust and Kimco Realty Corporation to the Indemnification Agreement,
dated as of March 28, 2005.