The moment the crane collapsed.

The 2 clips above are the only videos available of the crane actually in the process of collapsing. The building is One57 (Carnegie 57) in Manhattan. When completed it will be the largest residential tower in the United States.

More footage is below. And don't miss the photo at the bottom of the story.

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Quote from the UK Telegraph:

"Police cars and fire engines line 8th Avenue to the south and a crowd of hardy onlookers is clustered in front of the police tape at the crossing of 57th and 8th. All are soaking wet: the rain is almost horizontal.

High above the street, one block ahead, the crane on the One57 tower is folded back on itself and swaying in the wind. One firefighter from Ladder 25 shakes his head: "they're working out what to do - but the options aren't good, even in better weather."

He reckons the crane will likely come down in the winds: "It'll fall straight, it's too heavy to go flying through the air. The danger is if it goes through a gas line in the street." The alternative he says, is to install a larger crane on the building to winch up the other. "But that's way above my pay grade, he laughs."