Company: NEN
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001558370-25-003015
Chunk: 24

Company: NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP
Filing Date: 2025-03-14
Form: 10-K
Item: Item 2P
Chunk 24
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ITEM 2.  PROPERTIES

The Partnership and its Subsidiary Partnerships own the Apartment Complexes, the Condominium Units, the Commercial Properties and a 40-50% interest in seven Investment Properties. See also “Item 13. Certain Relationships and Related Transactions and Director Independence” for information concerning affiliated transactions.

Apartment Complexes

The table below lists the location of the 2,943 Apartment Units, the number and type of units in each complex, the range of rents and vacancies as of February 1, 2025, the principal amount outstanding under any mortgages as of December 31, 2024, the fixed interest rates applicable to such mortgages, and the maturity dates of such mortgages.

​​​​​​​​​​​​​​​​​                ​​​            Mortgage Balance​     ​​​​​​​​​​​and Interest Rate​Maturity​​​Number and Type​​​​​​​​As of​Date of​Apartment Complex​of Units​Rent Range​Vacancies​December 31, 2024(1)Mortgage Boylston Downtown L.P. 268 units​​​​​  12​$ 33,145,648​2028​62 Boylston Street 0 three bedroom​ ​​N/A​​​  3.97%  ​​Boston, MA 0 two bedroom​ ​​N/A​​​​​​​​​ 53 one bedroom​$ 3,250– 3,400​​​​​​​​​ 215 studios​$ 2,500– 2,700​​​​​​​​Brookside Associates, LLC 44 units​​​​​  3​$ 6,175,000​2035​5–7–10–12 Totman Road 0 three bedroom​ ​​N/A​​​  3.53%  ​​Woburn, MA 34 two bedroom​$ 2,200– 2,450​​​​​​​​​ 10 one bedroom​$ 2,000– 2,300​​​​​​​​​ 0 studios​ ​​N/A​​​​​​​​Clovelly Apartments L.P. 103 units​​​​​  —​$ 11,214,000​2031​160–170 Concord Street 0 three bedroom​ ​​N/A​​​  2.97%