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

Crown Heights

1010 Pacific Street

$3,329 base rent

1 |

1

Bushwick

338 Evergreen Avenue

$3,516 base rent

2 |

1

Lenox Hill

332 East 77th Street

$2,850 base rent

Studio |

1

Murray Hill

711 Second Avenue

$3,200 base rent

1 |

1

Lenox Hill

432 East 66th Street

$2,700 base rent

Studio |

1

Upper West Side

338 West 77th Street

$3,875 base rent

1 |

1

Hudson Yards

350 West 37th Street

$3,981 base rent

1 |

1

Central Harlem

215 West 145th Street

$2,100 base rent

1 |

1

Hamilton Heights

532 West 143rd Street

$2,600 base rent

2 |

1

Hamilton Heights

622 West 136th Street

$3,667 base rent

4 |

1

Central Harlem

215 West 145th Street

$2,150 base rent

1 |

1

Hell’s Kitchen

814 Tenth Avenue

$3,140 base rent

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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