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

Bedford-Stuyvesant

485 Tompkins Avenue

$2,079 base rent

Studio |

1

Park Slope

300 12th Street

$3,800 base rent

3 |

1

Clinton Hill

262 Saint James’ Place

$2,800 base rent

Studio |

1

Fort Greene

301 Cumberland Street

$2,675 base rent

Studio |

1

Lenox Hill

348 East 66th Street

$2,795 base rent

1 |

1

Lower East Side

148 Orchard Street

$2,750 base rent

Studio |

1

Midtown

65 East 54th Street

$4,000 base rent

Studio |

1

Brooklyn Heights

91 Joralemon Street

$3,645 base rent

1 |

1

Lincoln Square

111 West 67th Street

$3,450 base rent

Studio |

1

Williamsburg

170 Marcy Avenue

$3,495 base rent

1 |

1

Park Slope

57 Fifth Avenue

$2,400 base rent

Studio |

1

Downtown Brooklyn

111 Lawrence Street

$3,500 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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