Company: NEN
Filing Date: 2025-09-03
Form Type: 8-K/A
Source: 0001104659-25-087096
Chunk: 12

Company: NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP
Filing Date: 2025-09-03
Form: 8-K/A
Chunk 12
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| (g) | Represents the loss of                                                    
 interest income due to the sale of the Partnership’s U.S. Treasury Bills. |

<div align='center'>New England Realty Associates Limited Partnership

Unaudited Pro Forma Consolidated Income Statement

For the Twelve Months Ended December 31, 2024</div>

| Revenues                                                 |     | Historic NERA(a) |             |   |     | Pro Forma    
 Historic     
 Hill Estates 
 et al (b)    |            |     | Adjustments |             |   |     |    |     | Consolidated 
 Totals       |             |   |
|:---------------------------------------------------------|:----|:-----------------|------------:|:--|:----|:-------------|-----------:|:----|:------------|------------:|:--|:----|:---|:----|:-------------|------------:|:--|
| Rental income                                            |     | $                |  79,762,964 |   |     | $            | 10,305,746 |     | $           |   1,164,501 |   |     |    |     | $            |  91,233,211 |   |
| Laundry and sundry income                                |     |                  |     769,586 |   |     |              |            |     |             |           - |   |     |    |     |              |     769,586 |   |
|                                                          |     |                  |  80,532,550 |   |     |              | 10,305,746 |     |             |   1,164,501 |   |     |    |     |              |  92,002,797 |   |
| Expenses                                                 |     |                  |             |   |     |              |            |     |             |             |   |     |    |     |              |             |   |
| Administrative                                           |     |                  |   2,935,887 |   |     |              |     50,164 |     |             |           - |   |     |    |     |              |   2,986,051 |   |
| Depreciation and amortization                            |     |                  |  16,983,336 |   |     |              |            |     |             |  13,402,184 |   |     | -d |     |              |