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

Bushwick

1128 Willoughby Avenue

$3,300 base rent

2 |

1

Lenox Hill

1321 Third Avenue

$3,600 base rent

1 |

1

Williamsburg

333 South Fifth Street

$3,650 base rent

1 |

1

Downtown Brooklyn

89 Dekalb Avenue

$3,395 base rent

Studio |

1

Downtown Brooklyn

89 Dekalb Avenue

$3,369 base rent

Studio |

1

Midtown

235 West 48th Street

$3,471 base rent

Studio |

1

South Harlem

279 West 117th Street

$3,795 base rent

2 |

1

Turtle Bay

333 East 46th Street

$3,950 base rent

1 |

1

Inwood

72 Vermilyea Avenue

$2,200 base rent

1 |

1

Yorkville

308 East 80th Street

$2,395 base rent

Studio |

1

Downtown Brooklyn

257 Gold Street

$3,829 base rent

1 |

1

Gowanus

395 Carroll Street

$3,334 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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