-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000912057-97-011326.txt : 19970401
<SEC-HEADER>0000912057-97-011326.hdr.sgml : 19970401
ACCESSION NUMBER:		0000912057-97-011326
CONFORMED SUBMISSION TYPE:	5
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19961231
FILED AS OF DATE:		19970331
SROS:			NONE

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]
		IRS NUMBER:				042619298
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		5
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12138
		FILM NUMBER:		97570381

	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
<REPORTING-OWNER>

COMPANY DATA:	
	COMPANY CONFORMED NAME:			BROWN HAROLD
	CENTRAL INDEX KEY:			0000927944
	STANDARD INDUSTRIAL CLASSIFICATION:	 []
<RELATIONSHIP>DIRECTOR

FILING VALUES:
	FORM TYPE:		5

BUSINESS ADDRESS:	
	STREET 1:		C/O NEW ENGLAND REALTY ASSOCIATES LP
	STREET 2:		39 BRIGHTON AVE
	CITY:			ALLSTON
	STATE:			MA
	ZIP:			02134
	BUSINESS PHONE:		6177830039

MAIL ADDRESS:	
	STREET 2:		39 BRIGHTON AVE
	CITY:			ALLSTON
	STATE:			MA
	ZIP:			02134
</REPORTING-OWNER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>5
<SEQUENCE>1
<DESCRIPTION>5
<TEXT>

<PAGE>

- -------------------------------------
               FORM 5
- -------------------------------------

/ / CHECK BOX IF NO LONGER SUBJECT TO
    SECTION 16. FORM 4 OR FORM 5 OBLI-
    GATIONS MAY CONTINUE. SEE INSTRUC-
    TION 1(B).
/ / FORM 3 HOLDINGS REPORTED
/X/ FORM 4 TRANSACTIONS REPORTED


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

              ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
                     Section 17(a) of the Public Utility
  Holding Company Act of 1935 or Section 30(f) of the Investment Act of 1940

- ----------------------------
        OMB APPROVAL
- ----------------------------
OMB Number         3235-0362
Expires:  September 30, 1998
Estimated average burden
hours per response.......1.0
- ----------------------------

- -------------------------------------------------
1.  Name and Address of Reporting Person*


    BROWN         HAROLD
- -------------------------------------------------
   (Last)         (First)        (Middle)   
    c/o New England Realty Associates
    Limited Partnership
    39 Brighton Avenue
- -------------------------------------------------
                  (Street)

    Allston,      MA      02134
- -------------------------------------------------
   (City)      (State)    (Zip)

- -------------------------------------------------

- -------------------------------------------------
2.  Issuer Name and Ticker or Trading Symbol



- -------------------------------------------------

- -------------------------------------------------
3.  IRS or Social Security
    Number of Reporting
    Person (Voluntary)
         ###-##-####
- -------------------------------------------------

- -------------------------------------------------
4.  Statement for Month/Year

    December, 1996
- -------------------------------------------------

- -------------------------------------------------
5.  If Amendment, Date of
    Original (Month/Year)

- -------------------------------------------------

- -------------------------------------------------
6.  Relationship of Reporting Person(s) to Issuer
                (Check all applicable)
    _X_ Director         ___ 10% Owner
    _X_ Officer (give    ___ Other (specify
                 title              below)
                 below)
Director and Treasurer of New Real, Inc.
      --------------------------
the General Partner of the Issuer
- -------------------------------------------------

- -------------------------------------------------
7.  Individual or Joint/Group Filing
         (Check applicable line)
 _X_ Form Filed by One Reporting Person
 ___ Form Filed by More than One Reporting Person
- -------------------------------------------------

- --------------------------------------------------------------------------------
TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------
1.  Title of Security
    (Instr. 3)






- -------------------------------------------------

Class B Limited Partnership Units
- -------------------------------------------------

General Partnership Units
- -------------------------------------------------

Class B Limited Partnership Units
- -------------------------------------------------

General Partnership Units
- -------------------------------------------------


- -------------------------------------------------


- -------------------------------------------------

- -------------------------------------------------
2.  Trans-
    action
    Date
   (Month/
      Day/
      Year)

- -------------------------------------------------

 12/12/96
- -------------------------------------------------

 12/12/96
- -------------------------------------------------

 12/20/96
- -------------------------------------------------

 12/20/96
- -------------------------------------------------


- -------------------------------------------------


- -------------------------------------------------

- -------------------------------------------------
3.  Trans-
    action
    Code
    (Instr. 8)



- -------------------------------------------------

      S
- -------------------------------------------------

      S
- -------------------------------------------------

      S
- -------------------------------------------------

      S
- -------------------------------------------------


- -------------------------------------------------


- -------------------------------------------------

- -------------------------------------------------
4.  Securities Acquired (A) or
    Disposed of (D)
    (Instr. 3, 4 and 5)

- -------------------------------------------------
  Amount    (A) or (D)   Price
- -------------------------------------------------

   235         D      67.75
- -------------------------------------------------

    12         D      67.75
- -------------------------------------------------

    49         D      70.00
- -------------------------------------------------

     3         D      70.00
- -------------------------------------------------


- -------------------------------------------------


- -------------------------------------------------

- -------------------------------------------------
5.  Amount of
    Securities Ben-
    eficially Owned
    at End of
    Issuer's Fiscal
    Year
    (Instr. 3 and 4)

- -------------------------------------------------

      25033
- -------------------------------------------------

       1757
- -------------------------------------------------

      25033
- -------------------------------------------------

       1757
- -------------------------------------------------


- -------------------------------------------------


- -------------------------------------------------

- -------------------------------------------------
6.  Owner-
    ship
    Form: Di-
    rect (D)
    or Indi-
    rect (I)
    (Instr. 4)

- -------------------------------------------------

    I
- -------------------------------------------------

    I
- -------------------------------------------------

    I
- -------------------------------------------------

    I
- -------------------------------------------------


- -------------------------------------------------


- -------------------------------------------------

- -------------------------------------------------
7.  Nature of
    Indirect
    Beneficial
    Ownership
    (Instr. 4)

- -------------------------------------------------


- -------------------------------------------------

by Trust(1)
- -------------------------------------------------


- -------------------------------------------------
by New Real,
   Inc.(2)
- -------------------------------------------------

by Trust(1)
- -------------------------------------------------
by New Real,
   Inc.(2)
- -------------------------------------------------


- -------------------------------------------------


- -------------------------------------------------


- --------------------------------------------------------------------------------
*If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v)

                                                                          Page 1
                                                                 SEC 2270 (7-96)

<PAGE>
TABLE II -- DERIVATIVE SECURTITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
         (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
- --------------------------------------------------------------------------------
1.  Title of Derivative Security
    (Instr. 3)




- -------------------------------------------------

- -------------------------------------------------
2.  Conversion
    of Exercise
    Price of
    Derivative
    Security

- -------------------------------------------------

- -------------------------------------------------
3.  Trans-
    action
    Date
   (Month/
      Day/
      Year)


- -------------------------------------------------

- -------------------------------------------------
4.  Transac-
    tion
    Code
    (Instr. 8)


- -------------------------------------------------

- -------------------------------------------------
5.  Number of Deriva-
    tive Securities Ac-
    quired (A) or Dis-
    posed of (D)
    (Instr. 3, 4, and 5)

- -------------------------------------------------

       (A)    (D)
- -------------------------------------------------

- -------------------------------------------------
6.  Date Exercis-
    able and Expi-
    ration Date
    (Month/Day/
     Year)

- -------------------------------------------------

   Date       Expira-
   Exer-      tion
   cisable    Date

- -------------------------------------------------

- -------------------------------------------------
7.  Title and Amount of Under-
    lying Securities
    (Instr. 3 and 4)

- -------------------------------------------------

                      Amount or
                      Number of
      Title           Shares

- -------------------------------------------------

- -------------------------------------------------
8.  Price
    of
    De-
    riva-
    tive
    Secu-
    rity
(Instr. 5)

- -------------------------------------------------

- -------------------------------------------------
9.  Number
    of De-
    rivative
    Securi-
    ties Ben-
    eficially
    Owned
    at End of
    Year
    (Instr. 4)

- -------------------------------------------------

- -------------------------------------------------
10. Owner-
    ship of
    Deriva-
    tive Se-
    curity:
    Direct
    (D) or
    Indirect
    (I)
    (Instr. 4)

- -------------------------------------------------

- -------------------------------------------------
11. Nature
    of Indi-
    rect Ben-
    eficial
    Owner-
    ship
    (Instr. 4)


- -------------------------------------------------

- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------
Explanation of Responses:

(1) Securities of reporting person are held in an Irrevocable Trust. During 
    that reporting person's lifetime he is entitled to receive the income 
    from the Trust.

(2) Securities are owned by New Real, Inc., the general partner of the Issuer.
    The reporting person is one of two Stockholders of  New Real, Inc.

**  Intentional misstatements or omissions of facts constitute Federal 
    Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed.
      If space provided is insufficient, see Instruction 6 for procedure.

  /s/ HAROLD BROWN                           March 31, 1997
- ------------------------------------         ---------------------
** Signature of Reporting Person                       Date


Potential persons who are to respond to the collection of information 
contained in this form are not required to respond unless the form displays a 
currently OMB number.

                                                                          Page 2
                                                                 SEC 2270 (7-96)



</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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