Rent from $2,116 at The Dime Williamsburg Housing Lottery

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.

Chelsea

210 West 16th Street

$3,725 No Fee

1 |

Bushwick

1441 Bushwick Avenue

$4,000 No Fee

3 |

1.5

Williamsburg

72 Graham Avenue

$3,900 No Fee

3 |

Hudson Square

37 King Street

$3,800 No Fee

Studio |

Crown Heights

247 Brooklyn Avenue

$2,900 No Fee

2 |

Central Harlem

2509 Adam Clayton Powell Boulevard

$2,600 No Fee

2 |

Bushwick

393 Weirfield Street

$2,837 No Fee

Studio |

Bushwick

1426 Greene Avenue

$2,999 No Fee

1 |

Midtown South

70 West 37th Street

$3,333 No Fee

Studio |

Carroll Gardens

234 Sackett Street

$2,950 No Fee

1 |

East Village

312 East 6th Street

$2,300 No Fee

Studio |

Gramercy Park

338 East 15th Street

$2,650 No Fee

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.

Williamsburg Housing Lottery Offers 54 Apartments Starting at $2,116

Learn More About Housing Lotteries on StreetEasy