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

Yorkville

110 East End Avenue

$3,495 No Fee

1 |

1

Murray Hill

320 East 42nd Street

$2,700 No Fee

Studio |

1

Bushwick

1282 Decatur Street

$2,790 No Fee

3 |

1

Greenwich Village

201 Sullivan Street

$3,195 No Fee

Studio |

1

Hell’s Kitchen

300 West 49th Street

$3,200 No Fee

2 |

1

Bushwick

1516 Gates Avenue

$2,598 No Fee

2 |

1

Greenpoint

219 Kingsland Avenue

$3,420 No Fee

2 |

2

Manhattan Valley

77 West 104th Street

$3,500 No Fee

1 |

1

Central Harlem

2560 Frederick Douglass Boulevard

$3,500 No Fee

2 |

1.5

Bedford-Stuyvesant

412 Herkimer Street

$2,871 No Fee

1 |

1

Williamsburg

475 Kent Avenue

$3,100 No Fee

Studio |

1

Stuyvesant Heights

868 De Kalb Avenue

$2,399 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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