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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 UDKKn2Qv7msksDja/+w73W2+H0FWK6gF2S6wm+Y0bApp2hJxv84/RVLYMyRKf957
 97o18vFjAtApPxspBDfb0Q==

<SEC-DOCUMENT>0000914317-09-000430.txt : 20090217
<SEC-HEADER>0000914317-09-000430.hdr.sgml : 20090216
<ACCEPTANCE-DATETIME>20090217154223
ACCESSION NUMBER:		0000914317-09-000430
CONFORMED SUBMISSION TYPE:	5
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20081031
FILED AS OF DATE:		20090217
DATE AS OF CHANGE:		20090217

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Hekemian Robert S Jr
		CENTRAL INDEX KEY:			0001387241

	FILING VALUES:
		FORM TYPE:		5
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25043
		FILM NUMBER:		09613236

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		(201) 664-5400

	MAIL ADDRESS:	
		STREET 1:		370 PASCACK ROAD
		CITY:			TOWNSHIP OF WASHINGTON
		STATE:			NJ
		ZIP:			07676

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>5
<SEQUENCE>1
<FILENAME>form5-97713_rhjrex.xml
<DESCRIPTION>5
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>5</documentType>

    <periodOfReport>2008-10-31</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <form3HoldingsReported>0</form3HoldingsReported>

    <form4TransactionsReported>1</form4TransactionsReported>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001387241</rptOwnerCik>
            <rptOwnerName>Hekemian Robert S Jr</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>39 TWINBROOK ROAD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>SADDLE RIVER</rptOwnerCity>
            <rptOwnerState>NJ</rptOwnerState>
            <rptOwnerZipCode>07458</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 of Beneficial Interest</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <transactionDate>
                <value>2008-01-29</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>2000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>21.68</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>72216</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Partnerships</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Shares of Beneficial Interest</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>21208</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F3"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Trust</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Shares of Beneficial Interest</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>6838</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F4"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Trust</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Shares of Beneficial Interest</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F5"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Spouse</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </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">Shares held by certain partnerships in which Mr. Hekemian is a partner.  Mr. Hekemian disclaims beneficial ownership of these
 shares except to the extent of his pecuniary interest.</footnote>
        <footnote id="F3">Shares held in trust for which Mr. Hekemian is the beneficiary.  Mr. Hekemian disclaims beneficial ownership of these shares
 except to the extent of his pecuniary interest.</footnote>
        <footnote id="F4">Shares held in trust by Mr. Hekemian for the benefit of his children.  Mr. Hekemian disclaims beneficial ownership of these
 shares.</footnote>
        <footnote id="F5">Shares held by Mr. Hekemian's wife.  Mr. Hekemian disclaims beneficial ownership of these shares.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Robert S. Hekemian, Jr.</signatureName>
        <signatureDate>2009-02-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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