SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                                        SEC FILE NUMBER  2-27018
                                                        CUSIP NUMBER
                                                                  336142104

                                   FORM 12b-25


                           NOTIFICATION OF LATE FILING
                                       of

                                    FORM 10-Q
                      For Period Ended: April 30, 1998



                FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY
                            (Full Name of Registrant)


                                      N/A
                           Former Name if Applicable


                          505 Main Street, P.O. Box 667
            Address of Principal Executive Office (Street and Number)


                          Hackensack, New Jersey 07602
                            City, State and Zip Code

================================================================================

                Nothing in this form shall be construed to imply
                that the Commission has verified any information
                                contained herein.

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Part II - Rules 12b-25(b) and (c)

         If the subject report could not be filed without unreasonable effort or
expense  and  the  registrant  seeks  relief  pursuant  to Rule  12b-25(b),  the
following should be completed: (Check appropriate box.)

                  (a)      The reasons described in reasonable detail in Part
                           III of this form could not be eliminated without
                           unreasonable effort or expense;

         [X]      (b)      The subject quarterly report on Form 10-Q will be
                           filed on or before the fifth calendar day following
                           the prescribed due date; and

                  (c)      The accountant's statement or other exhibit required
                           by Rule 12b-25(c) has been attached if applicable.


Part III - Narrative

         State below in reasonable detail the reasons why Form 10-Q could not be
filed within the prescribed period.



         10-Q could not be filed by June 15, 1998 due to a delay in transmission
of the required  financial  information  from the accountants to the Registrant;
delay in filing will be approximately two (2) days.













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Part IV - Other Information


         (1)  Name and  telephone  number of person to contact in regard to this
              notification.

              William R. DeLorenzo, Jr.                           (201) 343-5001
              ------------------------------------------------------------------

         (2)  Have all other periodic reports required under Section 13 or 15(d)
              of the  Securities  Exchange  Act of  1934  or  Section  30 of the
              Investment  Company Act of 1940 during the  preceding 12 months or
              for such shorter  period that the  registrant was required to file
              such  report(s)  been filed?  If the answer is no,  identify  such
              reports.

                           Yes [X]                   No [ ] 


         (3)  Is it  anticipated  that any  significant  change  in  results  of
              operations from the corresponding  period for the last fiscal year
              will be reflected by the earnings statements to be included in the
              subject report or portion thereof? 


                           Yes [ ]                   No [X]

              

         FIRST REAL  ESTATE  INVESTMENT  TRUST OF NEW  JERSEY  has  caused  this
notification  to be  signed  on its  behalf by the  undersigned  thereunto  duly
authorized.


Date:  June 16, 1998                          By:   /s/William R. DeLorenzo, Jr.
                                                    ----------------------------
                                            Name:      William R. DeLorenzo, Jr.
                                           Title:      Chief Financial Officer





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