# EDGAR Filing Document

**Accession Number:** 0000746514
**File Stem:** 0001104659-26-078371
**Filing Date:** 2026-6
**Character Count:** 37749
**Document Hash:** 73b922a5e902b8e0b7d9c3fa8407ae47
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-078371.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0001104659-26-078371

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260626

**DATE AS OF CHANGE**: 20260626

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP
- **CENTRAL INDEX KEY:** 0000746514
- **STANDARD INDUSTRIAL CLASSIFICATION:** OPERATORS OF APARTMENT BUILDINGS [6513]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 042619298
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-53851
- **FILM NUMBER:** 261130926

**BUSINESS ADDRESS:**
- **STREET 1:** 39 BRIGHTON AVE
- **CITY:** ALLSTON
- **STATE:** MA
- **ZIP:** 02134
- **BUSINESS PHONE:** 6177830039

**MAIL ADDRESS:**
- **STREET 1:** 39 BRIGHTON AVE
- **CITY:** ALLSTON
- **STATE:** MA
- **ZIP:** 02134
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Brown Jameson Pruitt
- **CENTRAL INDEX KEY:** 0001814042

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D

**MAIL ADDRESS:**
- **STREET 1:** NEW ENGLAND REALTY ASSOCIATES LP
- **STREET 2:** 39 BRIGHTON AVENUE
- **CITY:** ALLSTON
- **STATE:** MA
- **ZIP:** 02360

## Ex-99.A

**EXHIBIT A**

**JOINT FILING AGREEMENT**

Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, the undersigned hereby agree that only one statement containing the information required by Schedule 13D need be filed with respect to the ownership by each of the undersigned of the Depositary Receipts of New England Realty Associates Limited Partnership, a Massachusetts limited partnership.

Date: June 26, 2026

---

| | |
|:---|:---|
| By: | /s/ Jameson P. Brown |
| Name: | Jameson P. Brown |

---

---

| | |
|:---|:---|
| By: | /s/ Harley O. Brown |
| Name: | Harley O. Brown |

---

---

| | |
|:---|:---|
| **HBC Holdings, LLC** | **HBC Holdings, LLC** |
| By: | /s/ Jameson P. Brown |
| Name: | Jameson P. Brown |

---

---

| | |
|:---|:---|
| By: | /s/ Sally E. Michael |
| Name: | Sally Michael |

---

---

| | |
|:---|:---|
| **HJB 2009 HOLDINGS, LLC** | **HJB 2009 HOLDINGS, LLC** |
| By: | /s/ Sally E. Michael |
| Name: | Sally Michael |

---

---

| | |
|:---|:---|
| **JPB REAL ESTATE LLC** | **JPB REAL ESTATE LLC** |
| By: | /s/ Jameson P. Brown |
| Name: | Jameson P. Brown |

---

---

| | |
|:---|:---|
| **MAISIE BROWN LLC** | **MAISIE BROWN LLC** |
| By: | /s/ Harley O. Brown |
| Name: | Harley O. Brown |

---

---

| | |
|:---|:---|
| By: | /s/ Ronald Brown |
| Name: | Ronald Brown |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP**

*(Name of Issuer)*

**Depositary Receipts Each Representing One-Thirtieth of a Series A Unit of Limited Partnership**

*(Title of Class of Securities)*

**—**

*(CUSIP Number)*

**Karen Zermani**<br>39 Brighton Avenue<br>Allston MA 02134<br>(617) 850-7292

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**06/26/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Brown Jameson Pruitt** | Name of reporting person<br>**Brown Jameson Pruitt** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**1000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**877529.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**1000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**877529.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**878529.00** | Aggregate amount beneficially owned by each reporting person<br>**878529.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**31.50%** | Percent of class represented by amount in Row (11)<br>**31.50%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Row 7 & 9: Number of Depositary Receipts held directly by Jameson Brown as of the date of the filing of this statement (the "Statement").
Row 8 & 10: Consists of (i) 517,849 Depositary Receipts held of record by HBC Holdings, LLC ("HBC"); (ii) 287,500 Depositary Receipts held by HJB 2009 Holdings, LLC("HJB"); (iii) 62,190 Depositary Receipts held by the Hamilton Company Charitable Foundation (the "Foundation"); and (iv) 9,990 Depositary Receipts held by NewReal, Inc. ("New Real"). Mr. Brown has shared voting and dispositive power with: (i) Sally Michael with respect to HBC; (ii) Harley Brown and Sally Michael with respect to HJB (HJB is owned 50% by JPB Real Estate LLC, an entity owned by Jameson Brown, and 50% by Maisie Brown LLC, an entity owned by Harley Brown. Sally Michael serves as the Manager of HJB.); (iii) Ronald Brown and Harley Brown with respect to securities held by the Foundation; and (iv) Ronald Brown with respect to securities held by New Real, which serves as the general partner of the Partnership.
Row 11: Consists of (i) 1,000 Depositary Receipts held by Mr. Brown with sole voting and dispositive powers, and (ii) the 877,529 Depositary Receipts as to which Mr. Brown has shared voting and dispositive power as described in footnote 3 above.
Row 13: Based on 2,788,713 Depositary Receipts outstanding as of May 8, 2026.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**HBC Holdings, LLC** | Name of reporting person<br>**HBC Holdings, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**MASSACHUSETTS** | Citizenship or place of organization<br>**MASSACHUSETTS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**517849.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**517849.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**517849.00** | Aggregate amount beneficially owned by each reporting person<br>**517849.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**18.57%** | Percent of class represented by amount in Row (11)<br>**18.57%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** Row 7, 9 & 11: Consists of Depositary Receipt held of record by HBC Holdings, LLC ("HBC") as of the date of the filing of this Statement. Jameson Brown and Sally Michael share voting and dispositive power with respect to the Depositary Receipts held by HBC, and may be deemed to beneficially own the Depositary Receipts held by HBC.
Row 13: Based on 2,788,713 Depositary Receipts outstanding as of May 8, 2026.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**HJB 2009 Holdings, LLC** | Name of reporting person<br>**HJB 2009 Holdings, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**MASSACHUSETTS** | Citizenship or place of organization<br>**MASSACHUSETTS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**287500.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**287500.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**287500.00** | Aggregate amount beneficially owned by each reporting person<br>**287500.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**10.31%** | Percent of class represented by amount in Row (11)<br>**10.31%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** Row 7, 9 & 11: Consists of Depositary Receipts held of record by HJB 2009 Holdings, LLC ("HJB"), as of the filing date of this Statement. HJB is owned 50% by JPB Real Estate LLC, an entity owned by Jameson Brown, and 50% by Maisie Brown LLC, an entity owned by Harley Brown. Sally Michael is the Manager. Accordingly, Jameson Brown, Sally Michael, and Harley Brown may be deemed to beneficially own the Depositary Receipts held by HJB.
Row 13: Based on 2,788,713 Depositary Receipts outstanding as of May 8, 2026.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**JPB Real Estate LLC** | Name of reporting person<br>**JPB Real Estate LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**287500.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**287500.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**287500.00** | Aggregate amount beneficially owned by each reporting person<br>**287500.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**10.31%** | Percent of class represented by amount in Row (11)<br>**10.31%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** Row 8, 10 & 11: Consists of the Depositary Receipts held of record as of the date of this Statement by  HJB 2009 Holdings, LLC ("HJB"). JPB Real Estate LLC ("JPB") is owned by Jameson Brown. HJB is owned 50% by JPB and 50% by Maisie Brown LLC, which is owned by Harley Brown. Accordingly, JPB may be deemed to have shared voting and dispositive power over the Depositary Receipts, and Jameson Brown and JPB, Sally Michael, Harley Brown and Maise Brown LLC may be deemed to beneficially own the Depositary Receipts held by HJB.
Row 13: Based on 2,788,713 Depositary Receipts outstanding as of May 8, 2026.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Maisie Brown LLC** | Name of reporting person<br>**Maisie Brown LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**287500.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**287500.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**287500.00** | Aggregate amount beneficially owned by each reporting person<br>**287500.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**10.31%** | Percent of class represented by amount in Row (11)<br>**10.31%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** Row 8, 10 & 11: Consists of the Depositary Receipts held of record as of the filing date of this Statement by HJB 2009 Holdings, LLC ("HJB"). Maisie Brown LLC ("Maisie") is owned by Harley Brown. HJB is owned 50% by Maisie and 50% by JPB Real Estate LLC ("JPB"), which is owned by Jameson Brown. Accordingly, Maisie may be deemed to have shared voting and dispositive power over the Depositary Receipts, and Harley Brown and Maisie, Jameson Brown and JPB, and Sally Michael, may be deemed to beneficially own the Depositary Receipts held by HJB.
Row 13: Based on 2,788,713 Depositary Receipts outstanding as of May 8, 2026.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Harley Brown** | Name of reporting person<br>**Harley Brown** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**349690.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**349690.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**349690.00** | Aggregate amount beneficially owned by each reporting person<br>**349690.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**12.54%** | Percent of class represented by amount in Row (11)<br>**12.54%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Row 8, 10 & 11: Consists of the (i) 287,500 Depositary Receipts held of record by HJB 2009 Holdings, LLC ("HJB"), as of the filing date of this Statement; and (ii) 62,190 Depositary Receipts held by the Hamilton Company Charitable Foundation. Harley Brown owns Maisie Brown LLC, which together with by JPB Real Estate LLC, an entity owned by Jameson Brown, owns HJB, and Sally Michael is the Manager of HJB. Accordingly, Jameson Brown, Sally Michael, and Harley Brown share voting and dispositive power with respect to the Depositary Receipts held by HJB and may be deemed to beneficially own the Depositary Receipts held by HJB.  Harley Brown, Jameson Brown and Ronald Brown may be deemed to share beneficiary ownership as to the Depository Receipts held by the Foundation, as trustees.
Row 13: Based on 2,788,713 Depositary Receipts outstanding as of May 8, 2026.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Ronald Brown** | Name of reporting person<br>**Ronald Brown** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**164780.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**164780.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**164780.00** | Aggregate amount beneficially owned by each reporting person<br>**164780.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**5.9%** | Percent of class represented by amount in Row (11)<br>**5.9%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Row 8, 10 & 11: Consists of (i) 92,600 Depositary Receipts held of record by Ronald Brown and his wife; (ii) 62,190 Depositary Receipts held by the Hamilton Company Charitable Foundation (the "Foundation"); and (iii) 9,990 Depositary Receipts held by NewReal, Inc. ("New Real"). Mr. Brown shares voting and dispositive power with: (i) his wife with respect to the 92,600 Depositary Receipt that are jointly held; (ii) Harley Brown and Jameson Brown with respect to 62,190 Depositary Receipts held by the Foundation, of which they are each a trustee; and (iii) Jameson Brown with respect to securities held by New Real (which serves as the general partner of the Partnership).
Row 13: Based on 2,788,713 Depositary Receipts outstanding as of May 8, 2026.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Sally Michael** | Name of reporting person<br>**Sally Michael** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**805349.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**805349.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**805349.00** | Aggregate amount beneficially owned by each reporting person<br>**805349.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**28.88%** | Percent of class represented by amount in Row (11)<br>**28.88%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Row 8, 10 & 11: Consists, as of the filing date of this Statement, of (i) 517,849 Depositary Receipts held of record by HBC Holdings, LLC ("HBC"); and (ii) 287,500 Depositary Receipts held of record by HJB 2009 Holdings, LLC ("HJB"). Jameson Brown and Sally Michael are the managers of HBC with joint voting and dispositive control over the Depositary Receipts. Accordingly, Mr. Brown and Ms. Michael may be deemed to beneficially own the Depositary Receipts held by HBC. HJB is owned 50% by JPB, an entity owned by Jameson Brown, and 50% by Maisie, an entity owned by Harley Brown. Sally Michael is the Manager of HJB. Accordingly, Jameson Brown, Sally Michael, and Harley Brown may be deemed to beneficially own the Depositary Receipts held by HJB. Ms. Michael has no pecuniary interest in any of the Depositary Receipts or other securities of the Partnership and as such disclaims all beneficial ownership.
Row 13: Based on 2,788,713 Depositary Receipts outstanding as of May 8, 2026.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Depositary Receipts Each Representing One-Thirtieth of a Series A Unit of Limited Partnership

**(b) Name of Issuer:**
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP

**(c) Address of Issuer's Principal Executive Offices:**
39 BRIGHTON AVE, Allston, MA, 02134

This Schedule 13D (the "Schedule 13D") is intended to amend the Schedule 13D filed with the Securities and Exchange Commission on October 16, 2009, as amended on January 26, 2011. Mr. Harold Brown, deceased, ceased to be a part of the filing as a beneficial owner of in excess of 5% of the Depositary Receipts (the "Depositary Receipts") of New England Realty Associates Limited Partnership, a Massachusetts limited partnership (the "Partnership"), and after settling his estate, such shares are held by the Reporting Persons described herein.

As set forth in the Partnership's public filings, Mr. Brown's estate was closed on January 2, 2024, whereupon the capital stock of New Real, Inc., the general partner of the Partnership (the "New Real" or "GP") previously owned by Harold Brown were transferred to JPB Estate LLC and Maisie Brown LLC, entities controlled by Jameson Brown and Harley Brown respectively, with each acquiring 37.5% of the voting control of the GP at that time.

This Schedule 13D relates to the Depositary Receipts of the Partnership. The address of the Partnership's principal executive office is 39 Brighton Avenue, Allston, Massachusetts 02134. Because each Depositary Receipt represents one-thirtieth of a Class A unit of the Partnership, beneficial ownership of a Depositary Receipt represents beneficial ownership of one-thirtieth of a Class A unit of the Partnership.

**Item 4. Purpose of Transaction**

The Reporting Persons acquired and hold their respective Depositary Receipts of the Partnership for investment purposes and as part of a long-standing ownership structure among affiliated entities. Reporting Persons consist of the individuals and entities named herein as direct or indirect holders of voting and dispositive power. Jameson Brown, Harley Brown and Ronald Brown are members of the family of Harold Brown, one of the founders of the Partnership, now deceased, and the Reporting Persons (other than Sally Michael) together with their respective affiliates have a substantial economic interest in its performance. Sally Michael has no pecuniary interest in the Partnership. To the extent the Reporting Persons may be deemed to share voting and dispositive power over certain securities, such relationships arise from governance and control arrangements and do not reflect any agreement or understanding to act as a group for purposes of acquiring, holding or disposing of securities of the Partnership.

Consistent with such interests, the Reporting Persons intend to review their investment in the Partnership on a continuing basis and may, from time to time, depending on market conditions and other factors they deem relevant, take such actions with respect to their investment in the Partnership as they consider appropriate. Such actions may include, without limitation: (i) acquiring additional securities of the Partnership, whether in the open market, in privately negotiated transactions or otherwise; (ii) disposing of all or a portion of their securities of the Partnership; (iii) engaging in discussions with management, the general partner, other securityholders and other third parties regarding the Partnership's business, operations, governance, capitalization, strategy or future plans; and (iv) otherwise taking actions intended to enhance the value of their investment.

The Reporting Persons may from time to time seek to influence the management, policies or governance of the Partnership, including with respect to the composition of the general partner's board of directors (or equivalent governing body) and the Partnership's Advisory Committee, corporate governance practices, capital allocation, distributions, financings, or strategic transactions. The Reporting Persons may also explore or propose, and may participate in, transactions or arrangements that could result in a change in control of the Partnership, changes in the present general partner's board of directors or management of the Partnership, or other extraordinary transactions involving the Partnership, including, without limitation, a merger, reorganization, sale of assets or other business combination.

The Reporting Persons may hold their interests in the Partnership directly or indirectly, including through trusts, partnerships or other entities, and may from time to time effect transfers among such entities for estate planning, tax or other purposes.

Except as set forth above, the Reporting Persons do not currently have any plans or proposals that relate to or would result in any of the actions specified in paragraphs (a) through (j) of Item 4 of Schedule 13D. The Reporting Persons reserve the right at any time to formulate other plans or proposals regarding the Partnership, and to take any actions with respect to their investment in the Partnership, including any or all of the actions described above.

The Reporting Persons expressly disclaim acting as a group within the meaning of Section 13(d).

**Item 5. Interest in Securities of the Issuer**

**(a)**
Item 5 of the Initial Statement is hereby amended and supplemented as follows:

(a) Beneficial Ownership

The information set forth in rows 11 and 13 of the cover pages of this Schedule 13D is incorporated herein by reference. Such information reflects the aggregate number and percentage of Depositary Receipts beneficially owned by each Reporting Person. Percentages are calculated in accordance with Rule 13d-3 based on 2,788,713 Depositary Receipts outstanding as of May 8, 2026. The foregoing beneficial ownership information reflects, where applicable, the beneficial ownership of the Covered Persons identified pursuant to Instruction C of Schedule 13D.

Jameson Brown may be deemed to beneficially own the Depositary Receipts held directly by him, as well as the Depositary Receipts held by HBC, HJB (indirectly through JPB), the Foundation and New Real, by virtue of his direct and indirect ownership interests in, and control relationships with, such entities.

Harley Brown may be deemed to beneficially own the Depositary Receipts held by HJB, by virtue of holding indirect ownership interests in HJB through Maisie, and by the Foundation, by virtue of her position as a trustee.

Ronald Brown may be deemed to beneficially own the Depositary Receipts held by him, jointly with his spouse, by the Foundation, by virtue of his position as a trustee, and by New Real, by virtue of his ownership and control interest.

Sally Michael may be deemed to beneficially own the Depositary Receipts held by HBC and HJB by virtue of her management and control rights with respect to such entities. Ms. Michael has no pecuniary interest in and disclaims beneficial ownership of the Depositary Receipts reported herein.

The Foundation and New Real are referenced here as Covered Persons, not Reporting Persons. The information regarding Depositary Receipts held by the Covered Persons is included herein solely because certain Reporting Persons may be deemed to share voting and dispositive power with respect to such Covered Persons, as discussed herein. As trustees of the Foundation, Jameson Brown, Harley Brown and Ronald Brown could be deemed to share voting control of the Depository Receipts held by the Foundation but they do not have any pecuniary interests in such Depositary Receipts and disclaim beneficial ownership thereof.

Each Reporting Person disclaims beneficial ownership of the Depositary Receipts reported herein except to the extent of his or its pecuniary interest therein, if any.

**(b)**
The information set forth in rows 7 through 10 of the cover pages of this Schedule 13D is incorporated herein by reference and reflects the sole and shared voting and dispositive power of each Reporting Person.

Jameson Brown shares voting and dispositive power over the Depositary Receipts held by HBC with Sally Michael, over the Depositary Receipts held by HJB (indirectly through JPB) with Sally Michael and Harley Brown (indirectly through Maisie), and over the Depositary Receipts held by the Foundation with Harley Brown and Ronald Brown as co-trustees and shares voting and dispositive power over the Depositary Receipts held by New Real with Ronald Brown in his capacity as an officer and director thereof.

Harley Brown shares voting and dispositive power over the Depositary Receipts held by HJB with Sally Michael and Jameson Brown, and over the Depositary Receipts held by the Foundation with Jameson Brown and Ronald Brown.

Ronald Brown shares voting and dispositive power over the Depositary Receipts held by him with his spouse, over the Depositary Receipts held by the Foundation with Harley Brown and Jameson Brown, as co-trustees, and over Depositary Receipts held by New Real with Jameson Brown.

Sally Michael shares voting and dispositive power over the Depositary Receipts held by HBC with Jameson Brown, and over the Depositary Receipts held by HJB with Jameson Brown and Harley Brown. Accordingly, she may be deemed to beneficially own the Depositary Receipts. Ms. Michael may be deemed to beneficially own such securities solely by virtue of her control positions; however, she has no pecuniary interest therein and disclaims beneficial ownership except to the extent of any such pecuniary interest.

**(c)**
No transactions in the Depositary Receipts reported herein were effected during the past sixty days by any Reporting Person.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Except as described in Items 2 and 5 with respect to the organizational and governance arrangements of the entities referenced therein, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the Reporting Persons relating to the securities of the Partnership, including any agreement to act together.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Brown Jameson Pruitt

**Signature:** /s/ Jameson Brown

**Name/Title:** Jameson Brown

**Date:** 06/26/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** HBC Holdings, LLC

**Signature:** /s/ Jameson Brown

**Name/Title:** Jameson Brown

**Date:** 06/26/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** HJB 2009 Holdings, LLC

**Signature:** /s/ Sally Michael

**Name/Title:** Sally Michael

**Date:** 06/26/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** JPB Real Estate LLC

**Signature:** /s/ Jameson Brown

**Name/Title:** Jameson Brown

**Date:** 06/26/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Maisie Brown LLC

**Signature:** /s/ Harley Brown

**Name/Title:** Harley Brown

**Date:** 06/26/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Harley Brown

**Signature:** /s/ Harley Brown

**Name/Title:** Harley Brown

**Date:** 06/26/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Ronald Brown

**Signature:** /s/ Ronald Brown

**Name/Title:** Ronald Brown

**Date:** 06/26/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Sally Michael

**Signature:** /s/ Sally Michael

**Name/Title:** Sally Michael

**Date:** 06/26/2026