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

Manhattan Valley

15 West 103rd Street

$3,995 base rent

2 |

1

Lower East Side

99 Orchard Street

$3,495 base rent

1 |

1

Crown Heights

921 Washington Avenue

$3,935 base rent

2 |

2

East Harlem

338 East 100th Street

$3,995 base rent

2 |

1

Boerum Hill

144 Nevins Street

$4,000 base rent

1 |

1

Washington Heights

521 West 156th Street

$2,200 base rent

1 |

1

Clinton Hill

306 Saint James’s Place

$3,635 base rent

1 |

1

Fort Greene

20 Rockwell Place

$3,986 base rent

1 |

1

Soho

38 Grand Street

$3,200 base rent

Studio |

1

Williamsburg

319 Broadway

$3,778 base rent

2 |

1

Hell’s Kitchen

601 West 57th Street

$3,971 base rent

1 |

1

Hell’s Kitchen

601 West 57th Street

$3,185 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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