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

Clinton Hill

10 Grand Avenue

$3,595 base rent

1 |

1

Two Bridges

21 Catherine Street

$3,500 base rent

2 |

1

Stuyvesant Heights

1560 Fulton Street

$2,303 base rent

1 |

1

Stuyvesant Heights

1889 Atlantic Avenue

$3,545 base rent

2 |

2

Sutton Place

226 East 59th Street

$3,550 base rent

1 |

1

Crown Heights

54 Crown Street

$3,603 base rent

1 |

1

Gowanus

365 Bond Street

$3,995 base rent

1 |

1

Bushwick

655 Knickerbocker Avenue

$3,700 base rent

3 |

1

Hamilton Heights

3692 Broadway

$2,925 base rent

1 |

1

East Harlem

180 East 101st Street

$2,750 base rent

1 |

1

Bedford-Stuyvesant

350 Greene Avenue

$3,150 base rent

1 |

1

Bedford-Stuyvesant

1328 Fulton Street

$2,850 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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