<ARTICLE>                     5
<LEGEND>
           This schedule contains summary financial information extracted from
           Atlantic Realty Trust Condensed Consolidated Balance Sheets and
           Statements of Income and is qualified in its entirety by reference to
           such financial statements.
</LEGEND>
<CIK>                         0000948975
<NAME>                        ATLANTIC REALTY TRUST
       
                                            
<PERIOD-TYPE>                                  3-MOS
<FISCAL-YEAR-END>                              DEC-31-1999
<PERIOD-START>                                 JAN-01-1999
<PERIOD-END>                                   MAR-31-1999
<CASH>                                         22,778,837
<SECURITIES>                                   0
<RECEIVABLES>                                  0
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               0
<PP&E>                                         37,775,000
<DEPRECIATION>                                 0
<TOTAL-ASSETS>                                 60,553,837
<CURRENT-LIABILITIES>                          4,240,418
<BONDS>                                        0
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<COMMON>                                       0
<OTHER-SE>                                     56,313,419
<TOTAL-LIABILITY-AND-EQUITY>                   60,553,837
<SALES>                                        0
<TOTAL-REVENUES>                               0
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