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

Upper West Side

102 West 80th Street

$3,250 base rent

Studio |

1

East Harlem

1699 Lexington Avenue

$2,395 base rent

Studio |

1

Crown Heights

30 Rogers Avenue

$2,590 base rent

1 |

1

Weeksville

1698 Pacific Street

$3,299 base rent

1 |

2

Stuyvesant Heights

543 Kosciusko Street

$2,800 base rent

1 |

1.5

Yorkville

452 East 84th Street

$4,000 base rent

1 |

2

Gramercy Park

307 East 18th Street

$2,800 base rent

Studio |

1

West Harlem

102 Convent Avenue

$3,500 base rent

2 |

1

Hudson Yards

337 West 30th Street

$3,775 base rent

1 |

1

Crown Heights

30 Rogers Avenue

$3,200 base rent

2 |

1

Turtle Bay

300 East 46th Street

$3,850 base rent

1 |

1

Williamsburg

164 South Third Street

$3,500 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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