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

Stuyvesant Heights

141 Marcus Garvey Boulevard

$2,300 base rent

1 |

1

Bedford-Stuyvesant

554 Gates Avenue

$2,999 base rent

1 |

2

East Harlem

1636 Lexington Avenue

$3,199 base rent

3 |

1

Stuyvesant Heights

314 Lewis Avenue

$2,500 base rent

2 |

1

Bedford-Stuyvesant

813 De Kalb Avenue

$2,500 base rent

1 |

1

Crown Heights

1137 Dean Street

$2,500 base rent

1 |

1

Bushwick

34 Melrose Street

$3,499 base rent

3 |

1

Bedford-Stuyvesant

18 Hart Street

$2,850 base rent

1 |

1

Bushwick

681 Evergreen Avenue

$2,850 base rent

2 |

1

Washington Heights

509 West 170th Street

$2,950 base rent

3 |

1

Crown Heights

893 Saint John’s Place

$2,395 base rent

Studio |

1

Kips Bay

215 East 25th Street

$2,640 base rent

Studio |

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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