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

DUMBO

100 Jay Street

$3,495 base rent

Studio |

1

Bushwick

869 Bushwick Avenue

$3,525 base rent

2 |

1

Hudson Heights

209 Bennett Avenue

$2,250 base rent

1 |

1

Greenpoint

87 Commercial Street

$3,725 base rent

1 |

1

Stuyvesant Heights

619 Halsey Street

$3,200 base rent

2 |

1

Bushwick

1353 Myrtle Avenue

$2,750 base rent

1 |

1.5

South Harlem

120 West 124th Street

$3,700 base rent

2 |

1

South Harlem

118 West 124th Street

$3,600 base rent

2 |

1

Bushwick

1128 Willoughby Avenue

$3,399 base rent

2 |

1

Bedford-Stuyvesant

1175 Fulton Street

$3,988 base rent

2 |

2

Bedford-Stuyvesant

23 Spencer Place

$2,975 base rent

1 |

1

Bushwick

1054 Bushwick Avenue

$3,500 base rent

3 |

1.5

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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