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

Turtle Bay

210 East 47th Street

$3,650 base rent

Studio |

1

East Harlem

158 E 126th Street

$3,843 base rent

1 |

1

Hamilton Heights

612 West 138th Street

$2,375 base rent

1 |

1

Downtown Brooklyn

260 Gold Street

$3,840 base rent

1 |

1

NoMad

124 East 27th Street

$3,295 base rent

Studio |

1

Two Bridges

21 Saint James’s Place

$3,080 base rent

2 |

1

Upper West Side

42 West 73rd Street

$3,400 base rent

Studio |

1

Greenpoint

25 Hausman Street

$3,700 base rent

2 |

1

Upper West Side

102 West 80th Street

$3,000 base rent

Studio |

1

Financial District

17 Battery Place

$3,895 base rent

Studio |

1

East Williamsburg

924 Metropolitan Avenue

$3,650 base rent

1 |

1

Murray Hill

415 East 37th Street

$3,200 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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