UNITED
      STATES


SECURITIES
      AND EXCHANGE COMMISSION


WASHINGTON,
      D.C. 20549





**FORM
      8-K**





CURRENT
      REPORT





Pursuant
      to Section 13 or 15 (d) of the




Securities
      Exchange Act of 1934




Date
      of
      Report (Date of earliest event reported):




September
      13, 2006




**FIRST
      REAL ESTATE INVESTMENT TRUST OF NEW JERSEY**





(Exact
      name of registrant as specified in charter)




New
                Jersey
            2-27018
            22-1697095(State
                or other jurisdiction of incorporation)
            (Commission
              File
                Number)
            (IRS
                Employer
              Identification
                No.)505
                Main Street, Hackensack, New Jersey
            07601(Address of principal executive offices)
            (Zip
                Code)


Registrant’s
      telephone number, including area code: (201) 488-6400




(Former
                name or former address, if changed since last report)







Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions (see General Instruction A.2. below):





o
            Written
                communications pursuant to Rule 425 under the Securities Act (17
                CFR
                230.425)




o
            Soliciting
                material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                240.14a-12)




o
            Pre-commencement
                communications pursuant to Rule 14d-2 (b) under the Exchange Act
                (17 CFR
                240.14d-2(b))





o
            Pre-commencement
                communications pursuant to Rule 13e-4 (c) under the Exchange Act
                (17 CFR
                240.13e-4 (c))













**Section
      4 - Matters Related to Accountants and Financial
      Statements**




Item
      4.01 .  Changes
      in Registrant’s Certifying Accountant .




Effective
      September 13, 2006, First Real Estate Investment Trust of New Jersey (the
“Company”) dismissed J.H. Cohn, LLP (“J.H. Cohn”) as its independent registered
      public accounting firm. The reports of J.H. Cohn on the consolidated financial
      statements of the Company for the past two fiscal years ending October 31,
      2005
      and October 31, 2004 did not contain an adverse opinion or a disclaimer of
      opinion and were not qualified or modified as to uncertainty, audit scope or
      accounting principles.




The
      decision to change the Company’s independent registered public accounting firm
      was made by the Audit Committee of the Company’s board of directors and approved
      by the Company’s board of directors. In connection with the audits of the
      Company’s financial statements for each of the two fiscal years ending October
      31, 2005 and October 31, 2004, and in the subsequent interim period from
      November 1, 2005 through and including September 8, 2006, there were no
      disagreements between the Company and its auditors, J.H. Cohn, on any matters
      of
      accounting principles or practices, consolidated financial statement disclosure,
      or auditing scope and procedures, which if not resolved to the satisfaction
      of
      J.H. Cohn, would have caused J.H. Cohn to make reference to the matter in their
      reports on the financial statements for such years.




Subsequent
      to the dismissal of J.H. Cohn, the Company engaged the accounting firm of
      Eisner LLP as its new independent registered public accounting firm. The Company
      has not consulted with Eisner LLP during the last two fiscal years ending
      October 31, 2005 and October 31, 2004, or during the subsequent interim period
      from November 1, 2005 through and including September 8, 2006, on either the
      application of accounting principles to a specified transaction, either
      completed or proposed, or the type of audit opinion that might be rendered
      on
      the Company’s consolidated financial statements.




The
      Company requested J.H. Cohn to furnish a letter addressed to the Securities
      and
      Exchange Commission stating whether J.H. Cohn agrees with the statements related
      to it made above by the Company. Such letter is attached hereto as Exhibit
      16.1.







**Section
      9 - Financial Statements and Exhibits**





Item
                9.01.
            Financial
                Statements and Exhibits.(d)
            Exhibits:





ExhibitNumber
            Description16.1
                - Letter of J.H. Cohn regarding change in certifying accountant.


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**SIGNATURES**





Pursuant
      to the requirements of the Securities Exchange Act of 1934, as amended, the
      registrant has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.




FIRST
                REAL ESTATE INVESTMENT
              TRUST
                OF NEW JERSEY(Registrant)By:
            /s/
                Robert S. HekemianRobert
                S. HekemianChairman
                of the BoardDate:
                September 19, 2006







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**EXHIBIT
      INDEX**





ExhibitNumber
            Description16.1
            Letter
                of J.H. Cohn regarding change in certifying accountant.







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