SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Oct. 31, 2017

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

SCHEDULE XI - REAL ESTATE AND ACCUMULATED DEPRECIATION

FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY AND SUBSIDIARIES

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

OCTOBER 31, 2017

(In Thousands of Dollars)

Column A	Column B	Column C		Column D			Column E			Column F	Column G	Column H	Column I
		Initial Cost		Costs Capitalized			Gross Amount at Which
		to Company		Subsequent to Acquisition			Carried at Close of Period
													Life on
			Buildings					Buildings					Which
	Encum-		and		Improve-	Carrying		and		Accumulated	Date of	Date	Depreciation
Description	brances	Land	Improvements	Land	ments	Costs	Land	Improvements	Total (1)	Depreciation	Construction	Acquired	is Computed
Residential Properties:
Steuben Arms, River Edge, NJ	10,456	364	1,773	-	1,473		364	3,246	3,610	2,782	1966	1975	7-40 years
Berdan Court, Wayne, NJ	17,705	250	2,206	-	4,482		250	6,688	6,938	5,233	1964	1965	7-40 years
Westwood Hills, Westwood, NJ	20,628	3,849	11,546	-	2,535		3,849	14,081	17,930	8,415	1965-70	1994	7-39 years
Pierre Towers, Hackensack, NJ	29,198	8,390	37,486	19	9,108		8,409	46,594	55,003	16,185	1970	2004	7-40 years
Boulders - Rockaway, NJ	16,660	1,632	-	3,386	15,790		5,018	15,790	20,808	4,889	2005-2006	1963/1964	7-40 years
Regency Club - Middletown, NY	16,200	2,833	17,792	-	630		2,833	18,422	21,255	1,600	2003	2014	7-40 years
Icon - Baltimore, MD	67,921	5,871	-	-	87,596		5,871	87,596	93,467	2,726	2016	2005	7-40 years
Commercial Properties:
Damascus Shopping Center,
Damascus, MD	20,357	2,950	6,987	6,296	17,236		9,246	24,223	33,469	6,179	1960's	2003	5-39.5 years
Franklin Crossing, Franklin Lakes, NJ	-	29	-	3,382	7,427		3,411	7,427	10,838	3,835	1963/75/97	1966	5-39.5 years
Glen Rock, NJ	-	12	36	-	214		12	250	262	156	1940	1962	5-25 years
Building formerly occupied by supermarket
Patchogue, NY	5,231	2,128	8,818	-	(8)		2,128	8,810	10,938	4,446	1997	1997	15-39.5 years
Westridge Square S/C, Frederick, MD	23,241	9,135	19,159	(1)	4,577		9,134	23,736	32,870	17,878	1986	1992	5-31.5 years
Westwood Plaza, Westwood, NJ	20,220	6,889	6,416	-	2,452		6,889	8,868	15,757	8,145	1981	1988	5-31.5 years
Preakness S/C, Wayne, NJ	25,102	9,280	24,217	-	2,203		9,280	26,420	35,700	10,407	1955/89/00	2002	5-39.5 years
The Rotunda, Baltimore, MD	47,395	10,392	14,634	232	48,666		10,624	63,300	73,924	8,318	1920/2016	2005	5-40 years
Land Leased:
Rockaway, NJ	-	114	-	-	-		114	-	114	-		1963/1964
Vacant Land:				`
Franklin Lakes, NJ	-	224	-	(156)	-		68	-	68	-		1966/93
Wayne, NJ	-	286	-	-	-		286	-	286	-		2002
Rockaway, NJ	-	51	-	-	-		51	-	51	-		1963/1964
	$320,314	$64,679	$151,070	$13,158	$204,381	$      -	$77,837	$355,451	$433,288	$101,194

(1) Total cost for each property is the same for federal income tax purposes, with the exception of Pierre Towers, Preakness S/C, the Regency Club and the Rotunda properties (Icon and The Rotunda) whose cost for federal income tax purposes is approximately $42.6 million, $36 million, $13.2 million and $165.7 million, respectively.

Reconciliation of Real Estate and Accumulated Depreciation:
	2017			2016			2015
Real estate:
Balance, Beginning of year	$	429,445		$	409,297		$	354,032
Additions:
Buildings and improvements		6,602			26,206			55,265
Disposal:
Buildings and improvements		(443	)		(3,513	)		—
Sale of property		(2,316	)		(2,545	)		—
Balance, end of year	$	433,288		$	429,445		$	409,297
Accumulated depreciation:
Balance, beginning of year	$	92,547		$	88,452		$	81,569
Additions - Charged to operating expenses		10,667			7,852			6,883
Disposal - Buildings and improvements		(409	)		(3,466	)		—
Sale of property		(1,611	)		(291	)		—
Balance, end of year	$	101,194		$	92,547		$	88,452