<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-06-09</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001193558</issuerCik>
        <issuerName>AMERICAN FINANCIAL REALTY TRUST</issuerName>
        <issuerTradingSymbol>AFR</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001197257</rptOwnerCik>
            <rptOwnerName>EGGEMEYER JOHN M III</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O AMERICAN FINANCIAL REALTY TRUST</rptOwnerStreet1>
            <rptOwnerStreet2>1735 THE FAIRWAY</rptOwnerStreet2>
            <rptOwnerCity>JENKINTOWN</rptOwnerCity>
            <rptOwnerState>PA</rptOwnerState>
            <rptOwnerZipCode>19046</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Shares</value>
            </securityTitle>
            <transactionDate>
                <value>2004-06-09</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>1747.0000</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.0010</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>31747.0000</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Consists of restricted common shares awarded as compensation for service as trustee of the Issuer pursuant to the Issuer's 2002 Equity Incentive Plan.  These restricted common shares were awarded on June 9, 2004 and will vest 33.33% on each anniversary of the date of issuance.</footnote>
        <footnote id="F2">In addition to the 1,747 restricted common shares granted on June 9, 2004, also includes 20,000 restricted common shares awarded on September 29, 2003 pursuant to the Issuer's 2002 Equity Incentive Plan, which shares vest 33.33% on April 23, 2004, 33.33% on April 23, 2005 and 33.33% on April 23, 2006.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>/s/ Edward J. Matey Jr.
By: Edward J. Matey Jr. as attorney-in-fact for
John M. Eggemeyer III</signatureName>
        <signatureDate>2004-06-11</signatureDate>
    </ownerSignature>
</ownershipDocument>

