EXHIBIT 10


                  AMENDMENT 3 TO THE INDEMNIFICATION AGREEMENT


           THIS AMENDMENT (this "Amendment") is entered into as of the 11th day
of July, 2005, by and among Atlantic Realty Trust ("Seller" ) and Kimco Realty
Corporation ("Buyer") and amends the Indemnification Agreement entered into as
of March 28, 2005 by and among the Seller and Buyer (as amended by those certain
Amendments dated May 12, 2005, June 14, 2005, and by this Amendment, the
"Indemnification Agreement").

                                    RECITALS

           A. Buyer and Seller entered into the Indemnification Agreement which,
INTER ALIA, provided for a 45 day Exclusivity Period;

           B. On May 12, 2005, Buyer and Seller entered into an amendment to the
Indemnification agreement which extended the Exclusivity Period until June 12,
2005; and

           C. On June 14, 2005, Buyer and Seller entered into an amendment to
the Indemnification agreement which extended the Exclusivity Period until July
11, 2005; and

           D. Buyer and Seller desire to further extend the Exclusivity Period.

           NOW THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereby agree as
follows:

                                    AGREEMENT

1. The Indemnification Agreement is hereby amended to provide that all
   references therein to the Exclusivity Period shall refer to the period
   commencing on March 28th, 2005 and ending on August 5, 2005. All other
   provisions of the Indemnification Agreement shall remain in full force and
   effect in accordance with their terms.
2. The laws of the State of New York shall govern the validity, construction,
   enforcement, and interpretation of this Amendment, except for the conflict of
   law provisions thereof which would result in the application of the laws of
   another jurisdiction. This Amendment may be executed in a number of identical
   counterparts. If so executed, each of such counterparts is to be deemed an
   original for all purposes and all such counterparts shall, collectively,
   constitute one agreement.


           [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.]









        NOW WHEREFORE, the parties hereto have executed this Amendment
as of the date first set forth above.

                                    SELLER:

                                    ATLANTIC REALTY TRUST





                                    By: /s/ Joel M. Pashcow
                                       ---------------------------------------
                                       Name:  Joel M. Pashcow
                                       Title: Chairman of the Board and
                                              President


                                       Address for notices:

                                       Atlantic Realty Trust
                                       747 3rd Avenue
                                       New York, New York 10017
                                       Attention: Joel Pashcow

                                       With a copy to (which shall not
                                       constitute notice):

                                       Proskauer Rose LLP
                                       1585 Broadway
                                       New York, New York 10036-8200
                                       Attention: Peter M. Fass, Esq.





          [Signature Page to Amendment 2 to Indemnification Agreement]




                                    BUYER:

                                    KIMCO REALTY CORPORATION





                                    By:   /s/ Glenn G. Cohen
                                        ---------------------------------------
                                       Name:  Glenn G. Cohen
                                       Title: Vice President, Treasurer


                                       Address for notices:


                                       Kimco Realty Corporation
                                       3333 New Hyde Park Road
                                       New Hyde Park, New York  11042-0020
                                       Attention: General Counsel

                                       With a copy to (which shall not
                                       constitute notice):

                                       Wachtell, Lipton, Rosen & Katz
                                       51 West 52nd Street
                                       New York, NY 10019
                                       Attention: Adam O. Emmerich, Esq.



    [Signature Page to Amendment to Indemnification Agreement]