**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) April 25,      2007**

| **FIRST                  REAL ESTATE INVESTMENT TRUST OF NEW JERSEY**          |
|--------------------------------------------------------------------------------|
| (Exact                  name of registrant as specified in its charter)        |
|                                                                           |
| **New                  Jersey**                                                | **2-27018** | **22-1697095** |
| (State                  or other jurisdiction of incorporation)                |      (Commission                  File Number) | (I.R.S.                  Employer Identification No.) |
|                                                                           |   |   |
| **505                  Main Street, Hackensack, NJ**                           |   | **07601** |
| (Address                  of principal executive offices)                      |   | (Zip                  Code) |
|                                                                           |   |   |
| **(201)                  488-6400**                                            |
| (Registrant’s                  telephone number, including area code)    |
|                                                                           |
|                                                                           |
| (Former                  name or former address, if changed since last report) |
|                                                                           |

| **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)) |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

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**Item      2.03: Creation of a Direct Financial Obligation or an Obligation under an      Off-Balance Sheet Arrangement of a Registrant.**

**REFINANCING      OF DEBT OBLIGATION**

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**SIGNATURES**

|                                | **FIRST                REAL ESTATE INVESTMENT**                                                                                                                                                                                                                                                                                                                                                                |
|-------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                | **           TRUST                OF NEW JERSEY**                                                                                                                                                                                                                                                                                                       |
|                                |                        (Registrant)                                                                                                                                                                                                                                                         |
|                                |                                                                                                                                                                                                                                                                                                                                                                                                           |
| Date:                April 25, 2007 |                                                                                                                                                                                                                                                                                                                                                                                                           |
|                                | /s/                Robert S.                Hekemian                                                                        |
|                                |            (Signature)                                                                                                                                                                                                                                                                                                                                  |
|                                | Robert                S. Hekemian                                                                                                                                                                                                                                                                                                                                                                              |
|                                | Chairman                of the Board and Chief Executive                                                                                                                                                                                                                                                                                                                                                       |
|                                | Officer                                                                                                                                                                                                                                                                                                                                                                                                        |