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
Fulton/Seaport
85 John Street
$3,980base rent
Studio |
1
Financial District
106 Greenwich Street
$3,195base rent
Studio |
1
Boerum Hill
254 Wyckoff Street
$3,495base rent
1 |
1
Crown Heights
1836 Park Place
$3,499base rent
3 |
1
Crown Heights
2175 Bergen Street
$2,514base rent
1 |
1
East Village
178 East 2nd Street
$3,950base rent
1 |
1
Murray Hill
5 Tudor City Place
$2,595base rent
Studio |
1
Stuyvesant Heights
1875 Atlantic Avenue
$3,200base rent
2 |
1
Washington Heights
838 Riverside Drive
$3,025base rent
2 |
1
East Village
11 Saint Mark’s Place
$3,495base rent
1 |
1
Crown Heights
768 Park Place
$3,500base rent
2 |
1
Carnegie Hill
1267 Park Avenue
$2,349base rent
3 |
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 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.
