Company: NEN
Filing Date: 2025-04-17
Form Type: 8-K
Source: 0001104659-25-036039
Chunk: 0

Company: NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP
Filing Date: 2025-04-17
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01

Entry into a Material Definitive Agreement.

On April 15, 2025, New England Realty Associates Limited Partnership
(the “ Company”) entered into a Purchase and Sale Agreement (the "Purchase Agreement") to cause its wholly-owned
subsidiaries to purchase a multifamily and commercial real property located at 49-51-53-55 Hill Road, 10-12-22-24 Vale Road and 7-45 Hill
Road, 10-16 Pond Street, 18-24 Pond Street, 26-32 Pond Street, 34-40 Pond Street, 66-72 Pond Street, 74-80 Pond Street, 6-8 Pond Street,
13-19 Pond Street, 14-20 Hill Road, 22-28 Hill Road, 30-36 Hill Road, 38-44 Hill Road, 46-52 Hill Road, 42-48 Pond Street, 45-51 Pond
Street, 50-56 Pond Street, 53-59 Pond Street, 58-64 Pond Street, 21-27 Pond Street, 29-35 Pond Street, and 37-43 Pond Street (the “ Hill
Estates Properties”), together with commercial properties located at 1 Vale Road (aka 4 Vale Road), 4 Hill Road and 55 Brighton
Street. In addition, the Company is also buying two non-contiguous commercial properties located at 26 Brighton Avenue, and 90 Concord
Avenue, Belmont, Middlesex County, Massachusetts (the “ Off Campus Properties”) from Oak Realty and Service Company, LLC, Vale
Realty and Service Company, LLC and Digiovanni Bros., Inc. (collectively, the “ Seller”).

The property consists of 391 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 is
$175,000,000 with an allocated purchase price of $172,000,000 for the Hill Estates Properties and three commercial buildings, and $3,000,