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 StreetEasyArticle continues below
Turtle Bay
140 East 46th Street
$3,800No Fee
1 |
1
Williamsburg
146 South 4th Street
$3,765No Fee
Studio |
1
West Village
236 West 10th Street
$3,995No Fee
Studio |
1
Upper West Side
2785 Broadway
$2,650No Fee
Studio |
1
Williamsburg
339 South 1st Street
$2,850No Fee
1 |
1
Lenox Hill
410 East 75th Street
$3,195No Fee
1 |
1
Hudson Yards
321 West 37th Street
$3,500No Fee
Studio |
1
Williamsburg
1 S 1st Street
$3,988No Fee
Studio |
1
NoMad
66 Madison Avenue
$3,550No Fee
Studio |
1
Manhattan Valley
54 West 106th Street
$2,787No Fee
1 |
1
Washington Heights
501 West 169th Street
$2,000No Fee
2 |
1
East Harlem
137 East 110th Street
$2,200No Fee
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 building rises 22 stories and will offer unobstructed views of Manhattan. (Fogarty Finger Architecture)
The lobby features double-height ceilings. (Fogarty Finger Architecture)
Commercial space will span the ground floors of the building.(Fogarty Finger Architecture)
Easily viewable from the Williamsburg Bridge, the Dime will be one of the tallest buildings in the neighborhood. (Fogarty Finger Architecture)
The deadline to apply is March 31, 2020. To learn more and apply, visit NYC Housing Connect.