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
Hell’s Kitchen
316 West 47th Street
$2,850base rent
1 |
1
Washington Heights
884 Riverside Drive
$3,000base rent
1 |
1
East Harlem
308 East 109th Street
$3,700base rent
1 |
1
Hell’s Kitchen
416 West 52nd Street
$3,500base rent
Studio |
1
Crown Heights
410 Eastern Parkway
$2,721base rent
Studio |
1
Upper East Side
1420 Third Avenue
$2,832base rent
1 |
1
West Harlem
362 West 127th Street
$2,800base rent
Studio |
1
Hell’s Kitchen
534 West 50th Street
$3,100base rent
1 |
1
Gramercy Park
310 East 23rd Street
$3,850base rent
Studio |
1
Crown Heights
1119 Carroll Street
$4,000base rent
2 |
1
Kips Bay
587 First Avenue
$3,200base rent
1 |
1
Stuyvesant Heights
250 Patchen Avenue
$2,500base rent
1 |
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.
