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

Yorkville

236 East 80th Street

$3,027 base rent

1 |

1

Fort Greene

280 Ashland Place

$3,125 base rent

Studio |

1

Weeksville

1341 Saint Mark’s Avenue

$3,700 base rent

3 |

1

South Harlem

206 West 122nd Street

$3,500 base rent

1 |

1

Stuyvesant Heights

25 Malcolm X Boulevard

$2,293 base rent

Studio |

1

Williamsburg

145 South 4th Street

$3,900 base rent

1 |

1

Bedford-Stuyvesant

460 Throop Avenue

$2,795 base rent

1 |

1

Yorkville

1640 York Avenue

$3,647 base rent

1 |

1

Bedford-Stuyvesant

253 Halsey Street

$3,950 base rent

1 |

1

Upper West Side

204 West 94th Street

$3,150 base rent

Studio |

1

Crown Heights

931 Carroll Street

$3,106 base rent

1 |

1

Crown Heights

931 Carroll Street

$2,975 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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