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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of
1935 or Section 30(f) of the Investment Company Act of 1940
/ / Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person
Eisenstat Samuel M.
(Last) (First) (Middle)
430 East 86th Street
(Street)
New York NY 10028
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Atlantic Realty Trust (ATLRS)
3. IRS or Social Security Number of Reporting Person
(Voluntary)
4. Statement for Mont/Year
05/31/96
5. If amendment, date of original (mont/year)
6. Relationship of Reporting Person to Issuer
(Check all applicable)
_______ Director --------- 10% Owner
X
_______ Officer (give title below) --------- Other (specify below)
Trustee
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<TABLE>
TABLE I - Non-Derivative Securities Beneficially Owned
<CAPTION>
1. Title of 2. Transaction Date 3. Transaction Code 4. Securities Acquired 5. Amount of 6. Ownership 7. Nature of
Security (Month/Day/Year) (Instruction 8) (A) or Disposed of Securities Form: Direct Indirect
(Instr. 3) ---------------- (D) (Instr. 3, 4 Beneficially (D) or Indirect Beneficial
Code V and 5) Owned at End of (I) Ownership (Instr.5)
---- - Amount (A or D) Price (Instr. 3 and 4)
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<S> <C> <C> <C> <C> <C> <C>
Shares of 05/23/96 P $8.25 1,125 I See footnore
Beneficial per no. 1 below
Interest, share
$0.01 par
value per
share
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</TABLE>
<TABLE>
TABLE II - Derivative Securities Acquired, Disposed of or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<CAPTION>
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<C> <C> <C> <C> <C> <C> <C>
1. Title of 2. Conver- 3. Transac- 4. Transac- 5. Number 6. Date 7. Title and
Derivative sion or tion Date tion Code of Deriv- Exer- Amount of
Security Exercise (Month/ (Instr. 8) ative cisable Underlying
(Instr. 3) Price of Day/Year) Securities and Ex- Securities
Derivative Acquired piration (Instr. 3
Security (A) or Date and 4)
Disposed (Month/
of (D) Day/Year)
(Instr. 3,
4 and 5)
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Code V (A) (D) Date Expira- Title Amount or
Exer- tion Number of
cisable Date Shares
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</TABLE>
CONTINUATION
TABLE II - Derivative Securities Acquired, Disposed of or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
8. Price 9. Number 10. Owner- 11. Nature
of Deriv- of Deriv- ship of In-
ative ative Form direct
Security Secur- of De- Bene-
(Inst. 5) ities rivative ficial
Bene- Secu- Own-
ficially rity: ership
Owned Direct (Inst. 4)
at End (D) or
of Indi-
Month rect (1)
(Inst. 4) (Instr.4)
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Explanation of Responses:
1. The number of shares beneficially owned by Mr. Eisenstat includes 1,125
shares held in an IRA account for which Mr. Eisenstat has sole voting
and investment power.
/s/ Samuel M. Eisenstat June 10, 1996
** Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, see Instruction 6 for procedure.
338954.1
