<SEC-DOCUMENT>0001558370-16-010127.txt : 20170104
<SEC-HEADER>0001558370-16-010127.hdr.sgml : 20170104
<ACCEPTANCE-DATETIME>20161116115628
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001558370-16-010127
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20161116

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
<TEXT>
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		<title>
			Corrosp_2016 SEC comment letter response
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	<body><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">November 16, 2016</font>
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			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
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		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">By Edgar Correspondence Submission</font>
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		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
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		<p style="margin:0pt;line-height:normal;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Mr. Wilson K. Lee</font>
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		<p style="margin:0pt;line-height:normal;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Senior Staff Accountant</font>
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		<p style="margin:0pt;line-height:normal;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Office of Real Estate &amp; Commodities </font>
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		<p style="margin:0pt;line-height:normal;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">United States Securities and</font>
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		<p style="margin:0pt;line-height:normal;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Exchange Commission</font>
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		<p style="margin:0pt;line-height:normal;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">100 F Street, N.E.</font>
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		<p style="margin:0pt;line-height:normal;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Washington, DC&nbsp;&nbsp;20549</font>
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		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
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		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Dear Mr. Lee:</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">We are in receipt of your letter dated November 10, 2016 to Mr. Harold Brown, Treasurer and Director of NewReal, Inc., the sole general partner of New England Realty Associates Limited Partnership (the &#x201C;Partnership&#x201D;), which provided comments from the staff (the &#x201C;Staff&#x201D;) of the Division of Corporation Finance of the Securities and Exchange Commission (the &#x201C;Commission&#x201D;) to the Partnership&#x2019;s Annual Report on Form 10-K for the fiscal year ended December 31, 2015 (the &#x201C;Form 10-K&#x201D;), File No. 1-31568. </font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">We have repeated each of the Staff&#x2019;s comments in full and the Partnership&#x2019;s response to each comment is noted directly below the quoted comment.&nbsp;&nbsp;We will make the changes discussed in our responses in future filings, as applicable, commencing with our Annual Report on Form 10-K for the fiscal year ended December 31, 2016.</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-decoration:underline;">Form 10-K for the year ended December 31, 2015</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;text-decoration:underline;">Item 7. Management&#x2019;s Discussion and Analysis of Financial Condition and Results of Operations</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
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		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">Staff comment:</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;text-decoration:underline;">Contractual Obligations. Page 34</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size:11pt;;"> 1)</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Please revise future annual reports to include a table of contractual obligations in substantially the format outlined within the requirements of Item 303(A)(5) of Regulation S-K.&nbsp;&nbsp;As part of such presentation, please disclose your cash requirements for interest on your debt obligations.&nbsp;&nbsp;Reference is made to footnote 46 of SEC Interpretive Release 33-8350 &#x201C;Interpretation: Commission Guidance Regarding Management&#x2019;s Discussion and Analysis of Financial Condition and Results of Operations&#x201D;. To the extent material changes occur between the annual report and interim period ends, such changes may be discussed in narrative during the interim period.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 8pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;"></font>
		</p>
		<p style="margin:0pt 0pt 8pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;"></font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
		<p><font size="1"> </font></p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;"><p style="margin:0pt 0pt 8pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;"><font style="display:inline;"></font>
		</p>
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">Partnership response:</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">We have considered the comments of the staff and will make the changes in the Partnership's Annual Report </font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">on Form 10-K for the fiscal year ended December 31, 2016 and continue to do so in all future </font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Annual Report </font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;color:#000000;">on Form 10-K filings.&nbsp;&nbsp;Material changes occurring between annual and interim period ends will be discussed in narrative form in all future </font><font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Quarterly Reports on Form 10-Q.</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">Staff comment:</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 18pt;text-indent: -18pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;text-decoration:underline;">Schedule III</font>
		</p>
		<p style="margin:0pt 0pt 0pt 18pt;text-indent: -18pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size:11pt;;"> 2)</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Given the nature of your business, pursuant to Rule 5-04(c) of Regulation S-X, please revise future annual reports to include the schedule of real estate and accumulated depreciation in substantially the same format outlined within the requirements of Rule 12-28 of Regulation S-X.</font></p></td></tr></table></div>
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;font-weight:bold;">Partnership response:</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">We have considered the comments of the staff and will include a schedule in substantially the same format outlined within the requirements of Rule 12-28 of Regulation S-X in the Partnership's Annual Report on Form 10-K for the fiscal year ended December 31, 2016 and continue to do so in all future Annual Report on Form 10-K filings.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;line-height:100%;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">In connection with this response, on behalf of the Partnership I acknowledge that:</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="line-height:100%;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:100%;font-size:11pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:100%;font-family:Calibri;font-size: 11pt;margin:0pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">the Partnership is responsible for the adequacy and accuracy of the disclosure in the filing.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="line-height:100%;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:100%;font-size:11pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:100%;font-family:Calibri;font-size: 11pt;margin:0pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">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</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="font-family:Calibri;line-height:107.92%;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:107.92%;font-size:11pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="font-family:Calibri;line-height:107.92%;font-size: 11pt;margin:0pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">the Partnership may 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.</font></p></td></tr></table></div>
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">Sincerely,</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;text-decoration:underline;">/s/ Ronald Brown</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">President</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">NEW ENGLAND REALTY ASSOCIATES</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">LIMITED PARTNERSHIP</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">BY:&nbsp;&nbsp;Ronald Brown</font>
		</p>
		<p style="margin:0pt;font-family:Calibri;line-height:107.92%;font-size: 11pt;">
			<font style="display:inline;font-family:Arial,Helvetica,sans-serif;">President of NewReal, Inc., Its General Partner</font>
		</p></div><div style="margin-left:11.7647058823529%;margin-right:11.7647058823529%;">
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