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 12,
2008




FIRST
REAL ESTATE INVESTMENT TRUST OF NEW JERSEY





(Exact
name of registrant as specified in charter)




New
      Jersey
            000-25043
            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
      8
              Other
      EventsItem
      8.01.
              Other
      Events.
 On
September 12, 2008, First Real Estate Investment Trust of New Jersey (“FREIT”)
issued a press release announcing that in order to facilitate the repurchase of
FREIT shares its Board of Trustees has approved a share repurchase plan in
accordance with Rules 10b5-1 and 10b-18 of the Securities Exchange Act of 1934,
as amended.  The share repurchase plan provides for the repurchase of
FREIT shares of beneficial interest having an aggregate value of up to
$1,880,000 over a period of six months following the date of the adoption of the
share repurchase plan, subject to certain price limitations and other conditions
established under the plan.  In April 2008, the Board of Trustees
authorized the repurchase of FREIT shares.  The action by the Board of
Trustees announced on September 12, 2008 does not expand the April 2008 share
repurchase program.  A copy of the press release is attached as Exhibit 99.1 to this
Form 8-K.
  Section
      9
              FinancialStatements and
      ExhibitsItem
      9.01.
              Financial Statements
      and Exhibits.
 
 (d)
              Exhibits:
 
  Exhibit
      99.1
              Press
      Release, dated September 12, 2008, entitled “First Real Estate Investment
      Trust of New Jersey Adopts a Share Repurchase Plan in Accordance with SEC
      Rules 10b5-1 and 10b-18.”


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 JerseyBy:
              /s/ Robert S.
      HekemianRobert
      S. HekemianChairman
      and Chief Executive Officer
 
  Date:  September
12, 2008





EXHIBIT
INDEX




Exhibit
      99.1:
            Press
      Release dated September 12, 2008 entitled “First Real Estate Investment
      Trust of New Jersey Adopts a Share Repurchase Plan in Accordance with SEC
      Rules 10b5-1 and 10b-18.”