54 newly constructed “affordable apartments” at The Dime (251-273 S 5th St.) development are now available to apply for via the NYC Housing Connect website.
“The Dime” is adjacent to the historic Dime Savings Bank of Williamsburgh (PDF) next to the Williamsburg Bridge and at 22 stories will be one of the tallest in the neighborhood.
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Greenpointers has covered Greenpoint & Williamsburg since 2007 — community boards, rezoning fights, local businesses, and the people whose lives and work give the neighborhood its character. Local news is collapsing across the country, but we're still here: independently owned, no corporate backing, no paywall. 18+ years, 280k+ monthly readers and followers, funded by the community we serve.
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Well, average income for the neighborhood is now 135k for a household, west of highway, in Williamsburg, so a 3150 dollar 3 bed in a brand new building is extremely affordable, comparable units go for 6 to 8k, bringing rent burden down by 50 to 60% for most families. So although it may not be affordable to the average family in let’s say, Bushwick, this is extremely affordable to the average family in Williamsburg