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

401 Suydam Street

$3,500 base rent

2 |

1

Bushwick

1397 Greene Avenue

$3,550 base rent

2 |

1

Upper West Side

318 West 106th Street

$2,500 base rent

Studio |

1

Upper West Side

36 West 90th Street

$3,395 base rent

Studio |

1

Hamilton Heights

749 Saint Nicholas’ Avenue

$2,400 base rent

Studio |

1

Sutton Place

235 East 53rd Street

$3,095 base rent

Studio |

1

Brooklyn Heights

46 Old Fulton Street

$4,000 base rent

1 |

1

Upper West Side

304 West 75th Street

$3,400 base rent

Studio |

1

East Village

223 Second Avenue

$3,995 base rent

1 |

1

Park Slope

111 Fifth Avenue

$2,900 base rent

1 |

1

Lenox Hill

417 East 72nd Street

$3,295 base rent

1 |

1

Downtown Brooklyn

260 Gold Street

$2,988 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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