Company: NEN
Filing Date: 2025-09-03
Form Type: 8-K/A
Source: 0001104659-25-087096
Chunk: 6

Company: NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP
Filing Date: 2025-09-03
Form: 8-K/A
Chunk 6
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                    |         11,636 |     |            |            50,164 |
| Management fee                        |     |                    |        340,000 |     |            |           800,000 |
| Operating                             |     |                    |          5,498 |     |            |            48,513 |
| Renting                               |     |                    |          4,375 |     |            |            58,425 |
| Repairs and Maintenance               |     |                    |        359,339 |     |            |         1,740,587 |
| Taxes and Insurance                   |     |                    |        410,748 |     |            |         1,534,495 |
| Total certain expenses                |     |                    |      1,131,596 |     |            |         4,232,184 |
| Revenue in excess of certain expenses |     | $                  |      1,399,884 |     | $          |         6,073,561 |

<div align='center'>See Notes to the Statement of Revenue and Certain
Expenses

Hill Estates et al

Notes to Statement of Revenue and Certain Expenses

Year ended December 31, 2024

And for the Three Months ended March 31, 2025

(unaudited)</div>

1. Organization

On April 15, 2025, New
England Realty Associates Limited Partnership (the “Partnership”) entered into a Purchase and Sale Agreement to cause its wholly-owned subsidiaries to purchase a multifamily and commercial real property together with
commercial properties as well as two non-contiguous commercial properties from Oak Realty and Service Company, LLC, Vale Realty and
Service Company, LLC and Digiovanni Bros., Inc. (collectively, the “Seller”). All properties are located in
Belmont, Massachusetts.

The property consists of 396 residential condominium units within twenty-eight (28) buildings known as Hill Estates, a two-story maintenance and administrative building, a two-story office building with basement, a two-story mixed use building with two ground floor retail units and five residential apartment units, a 10,500 square foot office building, and an approximately 13,350 square foot office building, along with all buildings, structures, fixtures, roads, driveways, approximately 589 parking spaces, and other improvements on the property. The total purchase price for the property under the purchase agreement was $175,000,000 with an allocated purchase price of $