SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Oct. 31, 2018

SEC Schedule, 12-28, Real Estate Companies, Investment in 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, 2018

(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	$	10,243	$	364	$	1,773	$	—		$	1,490				$	364	$	3,263	$	3,627	$	2,823	1966	1975	7-40 years
Berdan Court, Wayne, NJ		17,334		250		2,206		—			4,626					250		6,832		7,082		5,419	1964	1965	7-40 years
Westwood Hills, Westwood, NJ		20,134		3,849		11,546		—			2,667					3,849		14,213		18,062		8,831	1965-70	1994	7-39 years
Pierre Towers, Hackensack, NJ		48,000		8,390		37,486		19			9,254					8,409		46,740		55,149		17,530	1970	2004	7-40 years
Boulders - Rockaway, NJ		16,152		1,632		—		3,386			15,835					5,018		15,835		20,853		5,314	2005-2006	1963/1964	7-40 years
Regency Club - Middletown, NY		15,922		2,833		17,792		—			713					2,833		18,505		21,338		2,107	2003	2014	7-40 years
Icon - Baltimore, MD		65,186		5,871		—		—			87,667					5,871		87,667		93,538		4,927	2016	2005	7-40 years
Station Place - Red Bank, NJ		12,350		8,793		10,757		—			—					8,793		10,757		19,550		247	2015	2017	7-40 years
Commercial Properties:
Damascus Shopping Center,
Damascus, MD		19,865		2,950		6,987		6,296			17,454					9,246		24,441		33,687		6,913	1960's	2003	5-39.5 years
Franklin Crossing, Franklin Lakes, NJ		—		29		—		3,382			7,407					3,411		7,407		10,818		3,996	1963/75/97	1966	5-39.5 years
Glen Rock, NJ		—		12		36		—			219					12		255		267		177	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		4,670	1997	1997	15-39.5 years
Westridge Square S/C, Frederick, MD		22,710		9,135		19,159		(1	)		4,682					9,134		23,841		32,975		18,780	1986	1992	5-31.5 years
Westwood Plaza, Westwood, NJ		19,611		6,889		6,416		—			2,453					6,889		8,869		15,758		8,399	1981	1988	5-31.5 years
Preakness S/C, Wayne, NJ		24,432		9,280		24,217		—			2,374					9,280		26,591		35,871		11,123	1955/89/00	2002	5-39.5 years
The Rotunda, Baltimore, MD		53,334		10,392		14,634		232			51,368					10,624		66,002		76,626		10,711	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
	$	350,504	$	73,472	$	161,827	$	13,158		$	208,201		$	—	$	86,630	$	370,028	$	456,658	$	111,967

(1) Total cost for each property is the same for federal income tax purposes, with the exception of Pierre Towers, the Regency Club, Station Place and the Rotunda properties (Icon and The Rotunda) whose cost for federal income tax purposes is approximately $42.7 million, $13.3 million, $4.2 million and $168.7 million, respectively.        

Reconciliation of Real Estate and Accumulated Depreciation:
	2018			2017			2016
Real estate:
Balance, Beginning of year	$	433,288		$	429,445		$	409,297
Additions - Buildings and improvements		4,562			6,602			26,206
Disposal - Buildings and improvements		(742	)		(443	)		(3,513	)
Acquisition (Sale) of property		19,550			(2,316	)		(2,545	)
Balance, end of year	$	456,658		$	433,288		$	429,445
Accumulated depreciation:
Balance, beginning of year	$	101,194		$	92,547		$	88,452
Additions - Charged to operating expenses		11,515			10,667			7,852
Disposal - Buildings and improvements		(742	)		(409	)		(3,466	)
Sale of property		—			(1,611	)		(291	)
Balance, end of year	$	111,967		$	101,194		$	92,547