New York City Apartment Utility Billing
Submetering and Ratio Utility Billing Systems (RUBS) Regulations in New York, NY
Water
Ratio Utility Billing Systems (RUBS)
Law is silent
Submetering
Law is silent
Gas
Ratio Utility Billing Systems (RUBS)
Law is silent
Submetering
Not allowed (per State)
Electric
Ratio Utility Billing Systems (RUBS)
Not allowed (per State)
Submetering
Allowed (per State)
New York City Information
- New York City has a population of 8.5 million people and is the largest city in the US. It’s a fantastic place to be a multifamily property owner due to urban density and high cost of living.
- The average 2-bedroom home or apartment rents for $2,049 per month.
- Electricity, gas and water prices are all on the rise due to hot summers, cold winters, and rapid growth.
Multifamily owners concerned about their net operating income have some choices to make about how utilities are allocated to their multifamily properties and should be aware of local utility regulations.
Important Note
Information on this page was current at the time of publishing and is offered without warranty. Additional regulations and restrictions may apply. Our regulatory experts will provide the latest information free of charge.
Our utility experts work with multifamily owners to customize a program that works for you and your residents. In many cases, your out-of-pocket will be nothing. Have a free consultation with one of our experts to discuss the regulations in your area, your options, and how much utility expense you can recover.