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
Bedford-Stuyvesant
468 Franklin Avenue
$3,600base rent
2 |
1
Williamsburg
418 Grand Street
$4,000base rent
2 |
1
Central Harlem
2530 Adam Clayton Powell Boulevard
$2,472base rent
2 |
1
East Harlem
1546 Madison Avenue
$2,600base rent
Studio |
1
Yorkville
525 East 82nd Street
$3,750base rent
1 |
1
Manhattanville
520 West 134th Street
$3,650base rent
2 |
1
Lenox Hill
410 East 75th Street
$3,495base rent
1 |
1
South Harlem
258 West 117th Street
$2,950base rent
1 |
1
East Harlem
414 East 116th Street
$2,850base rent
2 |
1
Crown Heights
548 Saint Mark’s Avenue
$3,000base rent
2 |
1
Gramercy Park
210 East 22nd Street
$3,950base rent
Studio |
1
Gramercy Park
210 East 22nd Street
$3,650base 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 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.
