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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001104659-06-077601.txt : 20070605
<SEC-HEADER>0001104659-06-077601.hdr.sgml : 20070605
<ACCEPTANCE-DATETIME>20061127080233
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001104659-06-077601
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20061127

FILER:

	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:		CORRESP

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
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<p style="margin:0pt 0pt 12.0pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New England Realty
Associates Limited Partnership<br>
39 Brighton Avenue<br>
Allston, MA&#160; 02134<br>
617-783-0039</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mr. Steven Jacobs<br>
Branch Chief<br>
United States Securities and<br>
Exchange Commission<br>
450 Fifth Street, NW<br>
Washington, DC&#160; 20549</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dear Mr. Jacobs:</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to your letter
dated August 31, 2006, to Mr. Ronald Brown, President of New England Realty
Associates Limited Partnership (&#147;The Company&#148;) Form 10-K for Fiscal Year Ended
December 31, 2005, File no. 000-26393, please find our response outlined below.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Form 10K for the year ended
December 31, 2005</font></u></b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SEC Comment</font></b>:</p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We do not agree with your
response to our prior comment as it relates to your investments in Hamilton
Place and 1025 Hamilton.(&#147;Investment Properties&#148;) We do not understand how you
conclude that the cash inflows and outflows from a single unit are independent
of the cash flows of the entire building. Please advise us how you considered
the guidance of Rule 3-09 of Regulation S-X in concluding that the financial
statements of these investments were not required to be filed.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Partnership response:</font></b></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Partnership used the
guidance of FAS 144 whereby certain investment properties or significant
portions of such properties where identified as held for sale and constitute
disposal groups.&#160; The assets, liabilities
and operations of the disposal groups can be separately identified, can be
eliminated from the ongoing operations and there will be no continuing
involvement upon sale.&#160; The Partnership
believes that the disposal groups are appropriately treated as discontinued
operations.&#160; Accordingly, as discussed
below, the Partnership does not meet the requirements of disclosure Rule 3-09
of Regulation S-X.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">These Investment Properties
are accounted for by the equity method and, accordingly, there is not separate
disclosure of discontinued operations in the income statement. Additional
information for the Investment Properties&#146; operations is included in the notes
to the financial statements. This treatment is consistent with the Partnership&#146;s
historical accounting for dispositions as discontinued operations as soon as
they are identified as held for sale.</font></p>

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<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rule 3-09 requires
separate financial statements be filed for 50% or less owned entities,
accounted for by the equity method, if the first or third condition set forth
in Rule 1-02(w) (substituting 20% for 10%) is met.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We applied the first and
third conditions as required by Rule 3-09 and detailed in Rule 1-02(w) to both
Hamilton Place and 1025 Hamilton, accounted for under the equity method by New
England Realty. The result of these tests are detailed as follows:</font></p>

<p style="margin:0pt 0pt 12.0pt 36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Condition (1)<br>
New England Realty Associates and its other subsidiaries&#146; (&#147;NERA&#148;) investment
in and advances to Hamilton Place and 1025 Hamilton, respectively, <i>do not exceed 20%</i> of NERA&#146;s total assets
as of December 31, 2005.</font></p>

<p style="margin:0pt 0pt 12.0pt 36.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Condition (3)<br>
NERA&#146;s equity in the income from <i>continuing</i>
operations (before income taxes extraordinary items and cumulative effect of a
change in accounting principle), of the subsidiary <i>does not exceed 20%</i> of such income of NERA and its subsidiary
consolidated for the most recently completed fiscal year (or average of last 5
fiscal years if current consolidate income is at least 10% lower).</font></p>

<p style="margin:0pt 0pt 12.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Conclusion:</font></b></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We have applied the tests
and conditions required by Rule 3-09 and Rule 1-02(w) to NERA&#146;s Investment
Properties listed above and have concluded that they do not meet the conditions
and that financial statements of these
investments are not required to be filed.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Per your request, we
acknowledge that:</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 36.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the
Company is responsible for the adequacy and accuracy of the disclosure in the
filing;</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 36.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>staff
comments or changes to disclosure in response to staff comments do not
foreclose the Commission from taking any action with respect to the filings;
and</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 36.0pt;text-indent:-18.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the
company many not assert staff comments as a defense in any proceeding initiated
by the Commission or any person under the federal securities laws of the United
States.</p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Sincerely,</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NEW ENGLAND REALTY
ASSOCIATES<br>
LIMITED PARTNERSHIP</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Ronald Brown</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">BY: Ronald Brown<br>
President of NewReal, Inc., Its General Partner</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">cc Ms. Kelly McCusker,
Staff Accountant</font></p>

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