New York City Apartment Utility Billing
Submetering and Ratio Utility Billing Systems (RUBS) Regulations
Submetering and RUBS 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.
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