Close Menu
USTaxNews.live – Your Trusted Source for U.S. Tax & Finance Updates
  • Home
  • Audit
  • Finance
  • IRS
  • Legal
  • Tax News
  • Tax preparation
  • Tax Tips
  • USA Accounting
What's Hot

AI Agents Drive Few Uber, DoorDash Orders Despite Hype

November 10, 2026

2027 will be an ‘inflection year’ as R2, autonomy ramp up

November 10, 2026

CPI Report Today Shows Inflation Cooled Over the Month in October

November 10, 2026

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated

Subscribe to USTaxNews

* indicates required

Subscribe for Tax Updates

Get the latest IRS news, tax tips, and deadlines delivered to your inbox.

style="display:none">
Facebook X (Twitter) Instagram
USTaxNews.live – Your Trusted Source for U.S. Tax & Finance Updates
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
  • Home
  • Audit
  • Finance
  • IRS
  • Legal
  • Tax News
  • Tax preparation
  • Tax Tips
  • USA Accounting
USTaxNews.live – Your Trusted Source for U.S. Tax & Finance Updates
Home » Officials Warn NYC High-Rise Remains Unstable and Could Collapse
Audit

Officials Warn NYC High-Rise Remains Unstable and Could Collapse

EditorBy EditorJuly 7, 2026No Comments3 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link


A Manhattan high-rise that once served as Pfizer’s global headquarters is at risk of collapse on Tuesday after New York City officials said the tower continued to shift hours into a massive emergency response that triggered multiple evacuations.

City officials warned at a Tuesday afternoon press conference that conditions at the under-construction 38-story building at 235 East 42nd Street were “extremely serious” and “dangerous.”

“The concern is that since we have been on site in the early morning, we have seen continued shift of the structure,” New York City Mayor Zohran Mamdani said.

235 East 42nd Street

The 38-story tower at 235 East 42nd Street. 

FDNY



New York City Fire Department Chief John Esposito said that since the building is a steel-frame building, “it would not be a total collapse.”

“It would be more of a localized collapse, but that remains our concern, that it’s moving,” Esposito said.

Esposito added that a “collapse zone” has been set up.

Just before at 8 a.m. Tuesday, the FDNY received reports of a structural issue at an active construction site on East 42nd Street between 2nd Avenue and 3rd Avenue in Manhattan. The call came in for reported issues at a 37-story building at 235 East 42nd Street that is currently… pic.twitter.com/NavUpNGAJE

— FDNY (@FDNY) July 7, 2026

FDNY officials said the department initially received a call about reports of falling bricks from the high-rise just before 8 a.m. ET.

After emergency responders arrived at the building, they found two support columns “buckled” on the 21st and 22nd floors, as well as “sagging” floors between the 21st and 26th floors.

The building was quickly evacuated, and other surrounding buildings were also evacuated as a precaution.

The scene outside 235 East 42nd Street.

Several Manhattan buildings were evacuated. 

Jordan Tovin/Reuters



No injuries were reported, and Mamdani said that all construction workers who had been inside the building at 235 East 42nd Street were accounted for.

“Two structural columns have buckled, in addition to multiple cracks and sagging floors. The building remains unstable,” Mamdani said during the afternoon press conference.

NYPD officers walk outside 235 East 42nd Street.

Sagging floors were discovered at 235 East 42nd Street. 

Jordan Tovin/Reuters



Video footage circulating on social media appears to show structural steel beams bending inside the building.

New York City Department of Buildings commissioner Ahmed Tigani said crews will enter the building only after it’s deemed safe.

“Once we can determine that it’s safe to enter the building, we will then, in concert with the contractors, ownership, and with consultation with FDNY, be able to deploy plans to shore up that floor, and then continue to investigate further for any other weak points that need further help shoring,” Tigani said.

The former Pfizer headquarters is undergoing a major conversion from office space into a 1,600-unit residential rental development with a quarter of the units reserved for affordable housing.

The scene outside of 235 East 42nd Street.

The former Pfizer building is undergoing a major conversion. 

Jordan Tovin/Reuters



The project, developed by the firm MetroLoft, is slated for completion early next year and is expected to include ground-floor retail space and 100,000 square feet of amenities.

Representatives for MetroLoft did not immediately respond to a request for comment by Business Insider.

MetroLoft says on its website that upon completion, the project will be New York City’s “largest office to residential conversion to date.”





Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Editor
  • Website

Related Posts

AI Agents Drive Few Uber, DoorDash Orders Despite Hype

November 10, 2026

CPI Report Today Shows Inflation Cooled Over the Month in October

November 10, 2026

Student-Loan Borrowers Still Not Forced Off SAVE, Legal Filing Says

November 10, 2026
Leave A Reply Cancel Reply

News
Finance

2027 will be an ‘inflection year’ as R2, autonomy ramp up

RJ Scaringe and team on opening day at Rivian’s manufacturing campus in Normal, IL.Source: RivianIt’s…

How GM is trying to talk used car shoppers into buying new vehicles

November 10, 2026

Skydance $6 billion cost savings breakdown

November 9, 2026
Top Trending
IRS

IRS updates 2027 tax brackets and raises standard deduction to $16,600

The Big Money Show analyzes the latest tax votes as Florida voters…

IRS

IRS CEO Frank Bisignano says mobile app will combat fraud and theft

IRS CEO Frank Bisignano says the agency’s new mobile app will let…

IRS

Chinese national detained, indicted in $360K fake Microsoft tech support scam

Rep. Brett Guthrie, R-Ky., discusses how the United States should handle the…

Subscribe to News

Please enable JavaScript in your browser to complete this form.
Loading

Welcome to USTaxNews.live – Your Trusted Source for U.S. Tax, Accounting, and Financial News.

At USTaxNews.live, we’re committed to delivering accurate, timely, and practical information on everything related to U.S. taxes, IRS updates, legal issues, accounting practices, and the broader financial landscape. Whether you’re a taxpayer, accountant, legal professional, or business owner, we’re here to help you stay informed and ahead of change.

Our Picks

California voters reject Prop. 40 billionaire wealth tax, CBS News projects

November 10, 2026

Mark Zuckerberg threatened to leave California over proposed billionaire tax, Meta says

October 22, 2026

California billionaire tax could leave state with less revenue, Stanford study cautions

October 19, 2026

Subscribe to Updates

Please enable JavaScript in your browser to complete this form.
Loading
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2026 ustaxnews. Designed by ustaxnews.

Type above and press Enter to search. Press Esc to cancel.