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

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 8)


Atlantic Realty Trust
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(Name of Issuer)

Common Shares of Beneficial Interest, par value $0.01 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

with a copy to:

Raymond Y. Lin, Esq.
Erica H. Steinberger, Esq.
Latham & Watkins
885 Third Avenue
New York, New York 10022
(212) 906-1200
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)


January 1, 2001
(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 that 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)
(Page 1 of 10 pages)




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CUSIP No. 048798-10-2 13D Page 2 of 10
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1 NAME 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 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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7 SOLE VOTING POWER

345,498
NUMBER OF --------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 692,539
EACH --------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 345,498
--------------------------------------------------
10 SHARED DISPOSITIVE POWER

692,539
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,038,037
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /

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

29.1%
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14 TYPE OF REPORTING PERSON

CO
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CUSIP No. 048798-10-2 13D Page 3 of 10
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1 NAME 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 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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7 SOLE VOTING POWER

None
NUMBER OF --------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 692,539
EACH --------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH None
--------------------------------------------------
10 SHARED DISPOSITIVE POWER

692,539
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

692,539
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /

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

19.4%
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14 TYPE OF REPORTING PERSON

CO
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CUSIP No. 048798-10-2 13D Page 4 of 10
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1 NAME 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

00
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5 CHECK 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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7 SOLE VOTING POWER

29,824
NUMBER OF --------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,127
EACH --------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 29,824
--------------------------------------------------
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 IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES /X/

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

.9%
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14 TYPE OF REPORTING PERSON

IN
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Page 5 of 10 pages



This Amendment No. 8 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 and
August 23, 2000 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 2. Identity and Background.

(a)-(c), (f) As of January 1, 2001, Mr. Cooper transferred all of
the outstanding voting stock of Services owned by him to Kimco.

Information with respect to the executive officers and directors of
Kimco and Services, other than Mr. Cooper, required by Instruction C of Schedule
13D is set forth on Schedule I hereto and incorporated herein by reference.

(d) and (e) During the last five years, none of the Reporting
Persons nor, to the best knowledge of the Reporting Persons, any other person
named on Schedule I hereto has (i) been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or (ii) been a party to a
civil proceeding of a judicial or administrative body of competent jurisdiction
and as a result of such proceeding was or is subject to a judgment, decree, or
final order enjoining future violations of, or prohibiting or mandating
activities subject to, federal, or state securities laws or finding any
violation with respect to such laws.

Item 5. Interest in Securities of the Issuer.

(a) Kimco beneficially owns 1,038,037 Shares (which includes all of the
Shares owned by Services, all of whose outstanding voting common stock is owned
by Kimco), or approximately 29.1% of the outstanding Shares, and Services
beneficially owns an aggregate of 692,539 Shares, or approximately 19.4% of the
outstanding Shares (based on 3,561,553 Shares reported by the Company to be
outstanding as of May 4, 2001, in the Company's Quarterly Report on Form 10-Q
for the Period Ended March 31, 2001).

Mr. Cooper beneficially owns 32,951 Shares, or approximately .9% of the
outstanding Shares, of which 2,012 Shares are held through IRA accounts, and
3,127 Shares are held by a trust for Adam Kimmel, the son of Martin S. Kimmel
(the "Kimmel Trust"), for which Mr. Cooper serves as a trustee. Such holdings do
not include an aggregate of 6,050 Shares held by Mr. Cooper's adult children or
their spouses, an aggregate of 2,979 Shares held by nine trusts for the benefit
of Mr. Cooper's grandchildren, for which certain of such adult children serve as
trustees, or 3,750 Shares held by CLS General Partnership Corporation (a
Delaware corporation which serves as the general partner of Power Test Investors
Limited Partnership, a New York limited partnership), of which Mr. Cooper is a
stockholder and serves as secretary and a director, as to all of which Shares
Mr. Cooper disclaims beneficial ownership.


Page 6 of 10 pages



Except as set forth herein, each of the Reporting Persons disclaims
beneficial ownership of any Shares beneficially owned by any other person
described in this Item 5(a) or on Schedule II to the Schedule 13D.

(b) Each Reporting Person has sole power to vote, or direct the vote,
and to dispose or direct the disposition of, all Shares reported as beneficially
owned by it or him, except that, (i) Kimco, by reason of its ownership of all of
Services' voting common stock, shares the power to direct the vote or the
disposition of all Shares reported as beneficially owned by Services, and (ii)
with respect to the 3,127 Shares held by the Kimmel Trust, Mr. Cooper shares
such power with the other trustee.

(c) Set forth below are all transactions in Shares effected by or for
the account of Services since August 15, 2000 and not previously reported. Each
transaction was an open-market purchase:

Date No. of Shares Price per Share
---- ------------- ---------------
8/15/00 3,000 $7.52
9/07/00 600 $7.75
9/08/00 1,200 $8.00
10/12/00 3,000 $8.375
10/17/00 1,100 $8.375
10/18/00 1,000 $8.375
10/20/00 9,900 $8.375
10/23/00 10,000 $8.375
11/15/00 7,211 $8.00

(d) No person other than the Reporting Persons is known to the
Reporting Persons to have the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of, the Shares
beneficially owned by the Reporting Persons, except that, with respect to the
Shares owned by the Kimmel Trust, such Trust and the trustee thereof who shares
such power with Mr. Cooper.




Page 7 of 10 pages


Signature

After reasonable inquiry and to the best of my knowledge and belief, I
certify 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
Dated: August 9, 2001



Page 8 of 10 pages

EXHIBIT INDEX

Exhibit Page Number
1. Joint Filing Agreement *
2. Joint Filing Agreement *
3. Standstill Agreement *
4. Amended Standstill Agreement *

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* Previously filed




Page 9 of 10 pages


SCHEDULE I

Set forth below is the name, principal business, business address and
beneficial ownership of Shares of each executive officer and director of Kimco
and Services, other than Milton Cooper, for whom such information is contained
in Items 2 and 5 of the Schedule 13D. Unless otherwise indicated, the current
business address of each person is c/o Kimco, 3333 New Hyde Park Road, Suite
100, New Hyde Park, NY 11041-0020. Each such person is a citizen of the United
States of America.

1. Executive Officers & Directors of Kimco.