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

10 Monteith Street

$3,160 No Fee

1 |

1

Bedford-Stuyvesant

740 Dekalb Avenue

$3,250 No Fee

1 |

1

East Village

223 Second Avenue

$2,650 No Fee

Studio |

1

Park Slope

21 Polhemus Place

$3,999 No Fee

1 |

1

Hell’s Kitchen

311 West 50th Street

$3,545 No Fee

Studio |

1

Clinton Hill

304 Saint James Place

$3,650 No Fee

2 |

1

Yorkville

324 East 84th Street

$3,250 No Fee

1 |

1

Yorkville

531 East 83rd Street

$3,198 No Fee

1 |

1

Turtle Bay

246 East 51st Street

$3,595 No Fee

2 |

1

Midtown

161 West 54th Street

$3,300 No Fee

1 |

1

Central Harlem

77 West 126th Street

$3,990 No Fee

2 |

2

East Harlem

164 East 112th Street

$2,990 No Fee

2 |

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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