Exhibit 99.1


                                  CERTIFICATION


         I, Robert S. Hekemian, certify that:

1.   I have reviewed this quarterly report on Form 10-Q for the quarterly period
     ended July 31, 2002 of First Real Estate Investment Trust of New Jersey;

2.   Based on my knowledge,  this  quarterly  report does not contain any untrue
     statement of a material fact or omit to state a material fact  necessary to
     make the statements  made, in light of the  circumstances  under which such
     statements  were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in this  quarterly  report,  fairly  present  in all
     material respects the financial  condition,  results of operations and cash
     flows of the  registrant  as of, and for,  the  periods  presented  in this
     quarterly report.


Date:  September 13, 2002


BY:  /s/ Robert S. Hekemian
     ----------------------
     Chairman and Chief  Financial / Accounting Officer