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

Fort Greene

180 Ashland Place

$3,448 base rent

Studio |

1

Fort Greene

180 Ashland Place

$3,290 base rent

Studio |

1

West Harlem

1471 Amsterdam Avenue

$2,600 base rent

1 |

1

Lincoln Square

228 West 71st Street

$3,280 base rent

Studio |

1

Hamilton Heights

622 West 136th Street

$3,667 base rent

4 |

1

Weeksville

1487 Sterling Place

$2,449 base rent

1 |

1

Hamilton Heights

532 West 143rd Street

$2,600 base rent

2 |

1

Bushwick

136 Moffat Street

$2,400 base rent

1 |

1

Gowanus

336 Douglass Street

$3,288 base rent

Studio |

1

Washington Heights

507 West 159th Street

$2,950 base rent

3 |

1

Hudson Heights

12 Pinehurst Avenue

$3,500 base rent

3 |

1

Manhattan Valley

203 West 109th Street

$3,300 base rent

3 |

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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