SCHEDULE XI - REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Oct. 31, 2022

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

SCHEDULE XI - REAL ESTATE AND ACCUMULATED DEPRECIATION

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	$	9,291	$	364	$	1,773	$	—		$	1,774			$	364	$	3,547	$	3,911	$	3,034		1966		1975	7-40 years
Berdan Court, Wayne, NJ		28,815		250		2,206		—			5,230				250		7,436		7,686		6,093		1964		1965	7-40 years
Westwood Hills, Westwood, NJ		25,000		3,849		11,546		—			3,014				3,849		14,560		18,409		10,545		1965-70		1994	7-39 years
Boulders - Rockaway, NJ		7,500		1,632		—		3,386			16,222				5,018		16,222		21,240		7,063		2005-2006		1963/1964	7-40 years
Regency Club - Middletown, NY		14,587		2,833		17,792		—			1,218				2,833		19,010		21,843		4,191		2003		2014	7-40 years
Station Place - Red Bank, NJ		11,750		8,793		10,757		—			20				8,793		10,777		19,570		1,325		2015		2017	7-40 years
Commercial Properties:
Franklin Crossing, Franklin Lakes, NJ		—		29		—		3,382			7,504				3,411		7,504		10,915		4,742		1963/75/97		1966	5-39.5 years
Glen Rock, NJ		—		12		36		—			164				12		200		212		167		1940		1962	5-25 years
Westwood Plaza, Westwood, NJ		17,274		6,889		6,416		—			2,438				6,889		8,854		15,743		8,681		1981		1988	5-31.5 years
Preakness S/C, Wayne, NJ		25,000		9,280		24,217		—			2,678				9,280		26,895		36,175		13,819		1955/89/00		2002	5-39.5 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
	$	139,217	$	34,606	$	74,743	$	6,612		$	40,262	$	—	$	41,218	$	115,005	$	156,223	$	59,660

 (1) Total cost for each property is the same for federal income tax purposes, with the exception of the Regency Club and Station Place whose cost for federal income tax purposes is approximately $13.8 million and $4.2 million, respectively.  

FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. AND SUBSIDIARIES

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

(In Thousands of Dollars)

Reconciliation of Real Estate and Accumulated Depreciation:
	2022			2021			2020
Real estate:
Balance, Beginning of year	$	386,920		$	385,853		$	448,866
Additions - Buildings and improvements		1,474			1,883			2,055
Disposals - Buildings and improvements		(232	)		(816	)		(585	)
Tenant improvement write-off due to COVID-19		—			—			(8,910	)
Sale of property		(231,939	)		—			—
Deconsolidation of subsidiary		—			—			(55,573	)
Balance, end of year	$	156,223		$	386,920		$	385,853
Accumulated depreciation:
Balance, Beginning of year	$	115,621		$	107,137		$	118,363
Additions - Charged to operating expenses		3,995			9,300			10,341
Tenant improvement write-off due to COVID-19 - Charged to operating expenses		—			—			(1,637	)
Disposals - Buildings and improvements		(232	)		(816	)		(583	)
Sale of property		(59,724	)		—			—
Deconsolidation of subsidiary		—			—			(19,347	)
Balance, end of year	$	59,660		$	115,621		$	107,137