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

260 Gates Avenue

$3,295 base rent

2 |

1

Gowanus

95 15th Street

$3,400 base rent

2 |

1

Manhattan Valley

249 West 109th Street

$2,150 base rent

Studio |

1

Crown Heights

2427 Dean Street

$2,400 base rent

Studio |

1

South Harlem

454 Manhattan Avenue

$2,695 base rent

Studio |

1

South Harlem

246 Manhattan Avenue

$3,395 base rent

1 |

1

Lenox Hill

403 East 77th Street

$2,750 base rent

1 |

1

Central Harlem

135 West 130th Street

$2,850 base rent

1 |

1

Crown Heights

1010 Pacific Street

$3,777 base rent

1 |

1

Crown Heights

334 Eastern Parkway

$2,599 base rent

1 |

1

Stuyvesant Heights

1875 Atlantic Avenue

$3,100 base rent

2 |

1

Williamsburg

101 Humboldt Street

$3,895 base rent

3 |

2

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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