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**FORM        S-8**

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

| **New                  Jersey**(State                  or Other Jurisdictionof                  Incorporation or Organization) | **22                  - 1697095**(I.R.S.                  EmployerIdentification                  No.) |
|--------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------|

**505      Main Street, P.O. Box 667**

**Hackensack,      New Jersey  07602**

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**FIRST      REAL ESTATE INVESTMENT TRUST OF NEW JERSEY EQUITY INCENTIVE      PLAN**

**Robert      S. Hekemian**

**Chairman      of the Board and Chief Executive Officer**

**First      Real Estate Investment Trust of New Jersey**

**505      Main Street, P.O. Box 667**

**Hackensack,      New Jersey  07602**

**(201)      488-6400**

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**John      A. Aiello, Esq.**

**Giordano,      Halleran & Ciesla**

**A      Professional Corporation**

**P.O.      Box 190**

**125      Half Mile Road**

**Middletown,      New Jersey 07748**

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**CALCULATION      OF REGISTRATION FEE**

| Title                of securities to be registered                                | Amount                to beregistered                (2) | Proposedmaximum                offeringprice                per share (3) | Proposed                maximumaggregate                offeringprice                (3) | Amount                ofregistration                fee |
|------------------------------------------------------------------------------------|----------------------------------------------------------|---------------------------------------------------------------------------|------------------------------------------------------------------------------------------|---------------------------------------------------------|
| Shares                of BeneficialInterest,                without par value (1)  | 300,000                                                  | $      25.00                                | $7,500,000                                                                               | $230.25                                                 |
| Options                to purchase Shares ofBeneficial                Interest (1) | 300,000                                                  | ----                                                                      | ----                                                                                     | ----                                                    |
| TOTAL                REGISTRATION FEE                                              |                                                     |                                                                      | $230.25                                                                                  |

| (1) | Under                the First Real Estate Investment Trust of New Jersey Equity Incentive                Plan, as amended (the “Equity Incentive                Plan”). |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |
|--------|--------|

| (2) | In                accordance with Rule 416 under the Securities Act of 1933, as amended                (the                “Securities Act”), this registration statement also covers such additional                indeterminate numbers of shares as may become issuable pursuant to                anti-dilution provisions of the Equity Incentive Plan and to adjust                for                the occurrence of certain corporate transactions or events, including,                without limitation, a stock split or stock                dividend. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |
|--------|--------|

| (3) | Estimated                solely for the purpose of calculation of the registration fee, the                proposed maximum offering price per share and the proposed maximum                aggregate offering price with respect to the common stock of the                Registrant being registered hereunder are based upon, pursuant to                Rule                457(h) of the Securities Act, the average of the bid and asked price                of                the Registrant’s common stock as reported on the NASDAQ Over-the-Counter                Bulletin Board on May 1, 2007. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**PART      I.**

**INFORMATION      REQUIRED IN THE SECTION 10(A) PROSPECTUS**

**Items      1 and 2.**

**PART      II.**

**INFORMATION      REQUIRED IN THE REGISTRATION STATEMENT**

**Item      3.        Incorporation of Documents      by Reference.**

|   | (a) | The                Registrant’s Annual Report on Form 10-K for the fiscal year ended October                31, 2006, as filed with the Commission on January 31,                2007. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |   |
|--------|--------|--------|

|   | (b) | All                other reports filed by the Registrant with the Commission pursuant                to                Section 13(a) or 15(d) of the Exchange Act, since October 31, 2006,                including, without limitation, the Registrant’s Quarterly Report on Form                10-Q for the quarterly period ended January 31, 2007, as filed with                the                Commission on March 12, 2007, Current Report on Form 8-K, as filed                with                the Commission on March 16, 2007 and Current Report on Form 8-K,                as filed                with the Commission on April 30, 2007. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |   |
|--------|--------|--------|

|   | (c) | The                description of the Registrant’s shares of beneficial interest, without par                value, contained in the Registrant’s Registration Statement on Form 8-A,                as filed with the Commission on November 6,                1998. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |   |
|--------|--------|--------|

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**Item      4.        Description of      Securities.**

**Item      5.        Interest of Named Experts      and Counsel.**

**Item      6.        Indemnification of Trustees      and Officers.**

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**Item      7.        Exemption from Registration      Claimed.**

**Item      8.        Exhibits.**

|  **Exhibit****Number** |   |  **Description**                                                                                                                                                                                                                                                                                                               |
|-----------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1                         |   | Amended                and Restated Declaration of Trust of the Registrant, dated November                7,                1983, as amended, incorporated by reference to Exhibit No. 1 to the                Registrant’s Registration Statement on Form 8-A, filed with the Commission                on November 6, 1998. |
|                        |   |                                                                                                                                                                                                                                                                                                                                |
| 5.1                         |   | Opinion                and Consent of Giordano, Halleran & Ciesla, a Professional                Corporation.                                                                                                                                                                                                                   |
|                        |   |                                                                                                                                                                                                                                                                                                                                |
| 23.1                        |   | Consent                of Eisner LLP.                                                                                                                                                                                                                                                                                               |
|                        |   |                                                                                                                                                                                                                                                                                                                                |
| 23.2                        |   | Consent                of J.H. Cohn LLP.                                                                                                                                                                                                                                                                                            |
|                        |   |                                                                                                                                                                                                                                                                                                                                |
| 23.3                        |   | Consent                of Giordano, Halleran & Ciesla, a Professional Corporation (filed with                Exhibit 5.1).                                                                                                                                                                                                      |
|                        |   |                                                                                                                                                                                                                                                                                                                                |
| 24.1                        |   | Power                of Attorney (filed with signature page to this Registration                Statement).                                                                                                                                                                                                                         |

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**Item      9.        Undertakings.**

*provided, however*

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**SIGNATURES**

|   | FIRST                  REAL ESTATE INVESTMENT TRUST OF NEW JERSEY |
|--------|-------------------------------------------------------------------|
|   |  (Registrant)                                                |
|   |                                                              |   |
|   | By:                                                               |   /s/                  Robert S. Hekemian |
|   |                                                              | Robert                  S. Hekemian |
|   |                                                              | Chairman                  of the Board and Chief Executive                  Officer |

| **Signature**                                 | **Title**                                                                                          | **Date**                        |
|-----------------------------------------------|----------------------------------------------------------------------------------------------------|---------------------------------|
| /s/                  Robert S. Hekemian       | Chairman                  of the Board,                                                            | April                  30, 2007 |
| Robert                  S. Hekemian           | Chief                  Executive Officer and Trustee(Principal                  Executive Officer) |                            |
|                                          |                                                                                               |                            |
| /s/                  Donald W. Barney         | President,                  Treasurer, Chief Financial                                             | April                  30, 2007 |
| Donald                  W. Barney             | Officer                  and Trustee                                                               |                            |
|                                          |                                                                                               |                            |
| /s/                  Herbert C. Klein,        | Trustee                                                                                            | April                  30, 2007 |
| Herbert                  C. Klein, Esq.       |                                                                                               |                            |
|                                          |                                                                                               |                            |
| /s/                  Ronald J. Artinian  | Trustee                                                                                            | April                  30, 2007 |
| Ronald                  J. Artinian           |                                                                                               |                            |
|                                          |                                                                                               |                            |
| /s/                  Alan L. Aufzien          | Trustee                                                                                            | April                  30, 2007 |
| Alan                  L. Aufzien              |                                                                                               |                            |

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**EXHIBIT      INDEX**

| **Exhibit****Number** | **Description**                                                                                                                                                                                                                                                                                                                     |   |
|-----------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| 3.1                   | Amended                and Restated Declaration of Trust of the Registrant, dated November                7,                1983, as amended, incorporated by reference to Exhibit No. 1 to the                Registrant’s Registration Statement on Form 8-A, filed with the Commission                on November 6, 1998. |   |
|                  |                                                                                                                                                                                                                                                                                                                                |   |
| 5.1                   | Opinion                and Consent of Giordano, Halleran & Ciesla, a Professional                Corporation.                                                                                                                                                                                                                   |   |
|                  |                                                                                                                                                                                                                                                                                                                                |   |
| 23.1                  | Consent                of Eisner LLP.                                                                                                                                                                                                                                                                                               |   |
|                  |                                                                                                                                                                                                                                                                                                                                |   |
| 23.2                  | Consent                of J.H. Cohn LLP.                                                                                                                                                                                                                                                                                            |   |
|                  |                                                                                                                                                                                                                                                                                                                                |   |
| 23.3                  | Consent                of Giordano, Halleran & Ciesla, a Professional Corporation (filed with                Exhibit 5.1).                                                                                                                                                                                                      |   |
|                  |                                                                                                                                                                                                                                                                                                                                |   |
| 24.1                  | Power                of Attorney (filed with signature page to this Registration                Statement).                                                                                                                                                                                                                         |   |