Once completed, the Dime will be one of the tallest buildings in Williamsburg. (Fogarty Finger Architecture)

A newly launched Williamsburg housing lottery is offering 54 units at the Dime, a new, mixed-use building on South 5th and Havemeyer Streets. Prices range from $2,116 for studios to $3,150 for 3-bedrooms. Compared to market-rate apartments in the neighborhood, the lottery will offer huge savings: The median asking price for a studio in Williamsburg was last recorded at $3,010, and for a 3-bedroom it’s $4,645.

To qualify for one of the 54 units, you must earn 130% of the area median income. Depending on your household size, that’s between $72,549 and $172,120. The chart below offers a breakdown of the units and income requirements.

For an additional fee, residents can access the Dime’s suite of luxury amenities, which include a full-service gym, a basketball court, a roof deck, and even a bar. Once completed, the building will offer 22 floors and 175 residential units.

Rental Apartments Under $4,000 on StreetEasy Article continues below

Tribeca

50 Murray Street

$3,899 No Fee

1 |

1

Battery Park City

300 Rector Place

$3,850 No Fee

1 |

1

Clinton Hill

957 Atlantic Avenue

$3,474 No Fee

1 |

1

Kips Bay

210 East 29th Street

$2,600 No Fee

Studio |

1

East Village

211 Avenue A

$3,095 No Fee

2 |

1

Windsor Terrace

1287-1299 Prospect Avenue

$3,754 No Fee

2 |

2

Crown Heights

367 Howard Avenue

$3,000 No Fee

2 |

1

Crown Heights

119 Rogers Avenue

$3,499 No Fee

3 |

1

Bushwick

95 Wilson Avenue

$2,367 No Fee

Studio |

1

Bushwick

127 Troutman Street

$3,999 No Fee

2 |

2

Bushwick

18 Charles Place

$3,236 No Fee

2 |

1

Greenpoint

33 India Street

$3,683 No Fee

1 |

1

The new building is adjacent to the historic Dime Savings and has incorporated its existing structure into its design. Although there are no active listings on StreetEasy, the renderings for this Williamsburg housing lottery depict units with high ceilings, curving windows, and stunning views of Manhattan. Scroll through the image gallery below for a peek inside the building.

The deadline to apply is March 31, 2020. To learn more and apply, visit NYC Housing Connect.

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