-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 3YtLdiMOErrcAq7Iobu1qg==

<SEC-DOCUMENT>0000914317-06-002707.txt : 20061011
<SEC-HEADER>0000914317-06-002707.hdr.sgml : 20061011
<ACCEPTANCE-DATETIME>20061011100023
ACCESSION NUMBER:		0000914317-06-002707
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20061009
FILED AS OF DATE:		20061011
DATE AS OF CHANGE:		20061011

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ARTINIAN RONALD J
		CENTRAL INDEX KEY:			0001127605

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25043
		FILM NUMBER:		061139269

	BUSINESS ADDRESS:	
		STREET 1:		5 BRISTOL DRIVE
		CITY:			MANHASSET
		STATE:			NY
		ZIP:			10030

	MAIL ADDRESS:	
		STREET 1:		FIVE BRISTOL DRIVE
		CITY:			MANHASSET
		STATE:			NY
		ZIP:			10030

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY
		CENTRAL INDEX KEY:			0000036840
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				221697095
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1031

	BUSINESS ADDRESS:	
		STREET 1:		505 MAIN ST
		STREET 2:		P O BOX 667
		CITY:			HACKENSACK
		STATE:			NJ
		ZIP:			07602
		BUSINESS PHONE:		2014886400

	MAIL ADDRESS:	
		STREET 1:		P O BOX 667
		STREET 2:		505 MAIN STREET
		CITY:			HACKENSACK
		STATE:			NJ
		ZIP:			07602
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4-79400_raex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2006-10-09</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000036840</issuerCik>
        <issuerName>FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY</issuerName>
        <issuerTradingSymbol>FREVS</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001127605</rptOwnerCik>
            <rptOwnerName>ARTINIAN RONALD J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>FIVE BRISTOL DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>MANHASSET</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10030</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Trustee</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Shares</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <transactionDate>
                <value>2006-10-09</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>500</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>24</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>369568</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Shares</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <transactionDate>
                <value>2006-10-10</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>200</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>24</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3800</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Son</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">First Real Estate Investment Trust of New Jersey is a Real Estate Investment Trust. Beneficial interests in the Trust are
 designated as &quot;Shares&quot; without par value.</footnote>
        <footnote id="F2">The reporting person disclaims beneficial ownership with respect to the shares held in the family trust except to the extent
 of his pecuniary interest in such trust and with respect to the shares held by his son and daughter.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Ronald J. Artinian</signatureName>
        <signatureDate>2006-10-11</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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