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

Yorkville

1729 First Avenue

$2,475 No Fee

1 |

1

Gramercy Park

305 East 21st Street

$2,300 No Fee

Studio |

1

Hell’s Kitchen

350 West 55th Street

$2,595 No Fee

Studio |

1

Fort Greene

253 Cumberland Street

$2,100 No Fee

Studio |

1

West Chelsea

409 West 24th Street

$2,450 No Fee

Studio |

1

NoMad

28 West 26th Street

$3,500 No Fee

1 |

1

Stuyvesant Heights

261 Bainbridge Street

$2,500 No Fee

1 |

1

Ocean Hill

17 Somers Street

$2,500 No Fee

1 |

1

Washington Heights

1224 Saint Nichlas Avenue

$1,879 No Fee

Studio |

1

Manhattan Valley

10 West 103rd Street

$3,295 No Fee

2 |

1

Upper West Side

321 West 80th Street

$3,550 No Fee

1 |

1

Manhattan Valley

65 West 106th Street

$3,094 No Fee

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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