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

Hell’s Kitchen

370 West 46th Street

$3,595 base rent

1 |

1

Crown Heights

334 Montgomery Street

$2,400 base rent

1 |

1

Chelsea

230 West 16th Street

$2,695 base rent

Studio |

1

Clinton Hill

112 Emerson Place

$3,800 base rent

2 |

1

Lenox Hill

1409 York Avenue

$2,850 base rent

Studio |

1

Lenox Hill

305 East 75th Street

$3,595 base rent

1 |

1

Bushwick

605 Hart Street

$3,200 base rent

1 |

1

Fort Greene

328 Myrtle Avenue

$4,000 base rent

2 |

1

Hell’s Kitchen

350 West 42nd Street

$3,750 base rent

Studio |

1

Manhattanville

521 West 134th Street

$3,695 base rent

1 |

1

Hell’s Kitchen

439 West 47th Street

$3,150 base rent

1 |

1

Hamilton Heights

539 West 144th Street

$3,795 base rent

2 |

2

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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