• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
PoliticsNew York City

A parking garage blocks away from the New York Stock Exchange just collapsed in on itself, killing one person

By
Ted Shaffrey
Ted Shaffrey
,
Bobby Caina Calvan
Bobby Caina Calvan
,
Jennifer Peltz
Jennifer Peltz
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Ted Shaffrey
Ted Shaffrey
,
Bobby Caina Calvan
Bobby Caina Calvan
,
Jennifer Peltz
Jennifer Peltz
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
April 18, 2023, 5:46 PM ET
NYC Parking Garage
Cars are seen piled on top of each other at the scene of a partial collapse of a parking garage in the Financial District of New York, Tuesday, April 18, 2023, in New York.Mary Altaffer—AP Images

A parking garage collapsed Tuesday in lower Manhattan’s Financial District, killing one worker, injuring five and crushing cars as concrete floors fell on top of each other like a stack of pancakes, officials said.

Recommended Video

Vehicles tumbled into what looked like a frozen stream of sedans and SUVs. People nearby described a fearsome rumbling, followed by screams.

Ahmed Scott arrived to collect his car after work and found a disaster in the making.

In a video he shot from across the street, someone off-camera yells, “Guard! 911! 911! There’s a building collapsing on Ann Street,” followed by the sound of something crumpling. About 45 seconds later, two women run out, saying the building fell while they were inside it. A man stands on a fire escape as bystanders try to figure out how to help him get down. He eventually did, Scott said.

“I hope ain’t nobody else in there,” Scott recalled thinking, worrying for the garage workers he’d gotten to know.

To Jadess Speller, a student at nearby Pace University, the collapse “felt like an earthquake — like the earth opened up inside, like that’s how violent it was.” Other students described seeing cars falling in the building.

One vehicle landed on its end in the garage entrance, a photo posted by Mayor Eric Adams’ office showed.

Authorities believed they had accounted for everyone inside the building, but searches continued Tuesday evening to make sure no one was in any of the squashed cars, Fire Department Chief of Operations John Esposito said. One garage employee was rescued via a neighboring roof after being trapped on an upper floor, he said.

“He was conscious and alert and moving around, calling us. He just couldn’t get down,” Esposito said. Four of the injured were hospitalized and in stable condition, and the fifth refused medical attention, he said.

The garage caved in around 4 p.m., a few blocks from City Hall and the Brooklyn Bridge, and about half a mile (0.8 km) from the New York Stock Exchange. Pace evacuated an adjacent dorm and classroom building, and canceled all evening classes as it assessed the buildings’ safety. School officials sent the displaced students to a student center while working out other accommodations.

Don Mulligan was on the 17th floor of a nearby hotel when he heard a roar like a jet flying overhead and felt the high-rise sway.

“You knew something was happening,” said Mulligan, of Cincinnati. The hotel was evacuated, he said.

It wasn’t immediately clear what caused the collapse. City Buildings Department records show the three-story structure has been a garage at least since the 1920s, and there are no recent permits for construction.

Messages were left for a parking company that lists the garage as one of its properties.

The collapse left the building “completely unstable,” Adams said at a news conference. Esposito said firefighters had to pull out because of the danger, conducting searches instead with a drone and robotic dog.

The building was “all the way pancaked, collapsed all the way to the cellar floor,” acting Buildings Commissioner Kazimir Vilenchik said.

William Flashnick, 19, was in a Pace classroom when he and his friends thought they heard an explosion and ran to a window to look. As they opened the window, a plume of thick dust rose in the air.

When it cleared, they peered down into the parking structure, where cars were tossed asunder and a top deck had cracked open.

Flashnick initially worried for all of their lives. One of his first thoughts was of the World Trade Center, which looms over the neighborhood.

“We freaked out. Given the history of this place, it’s a little scary,” he said.

___

Associated Press writers Michael R. Sisak and Deepti Hajela contributed.

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Authors
By Ted Shaffrey
See full bioRight Arrow Button Icon
By Bobby Caina Calvan
See full bioRight Arrow Button Icon
By Jennifer Peltz
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Most Popular

placeholder alt text
Economy
Trump may have shot himself in the foot at the Fed, as Powell could stay on while Miran resigns from White House post
By Eleanor PringleFebruary 4, 2026
18 hours ago
placeholder alt text
Success
In 2026, many employers are ditching merit-based pay bumps in favor of ‘peanut butter raises’
By Emma BurleighFebruary 2, 2026
3 days ago
placeholder alt text
Investing
Tech stocks go into free fall as it dawns on traders that AI has the ability to cut revenues across the board
By Jim EdwardsFebruary 4, 2026
23 hours ago
placeholder alt text
Cybersecurity
Top AI leaders are begging people not to use Moltbook, a social media platform for AI agents: It’s a ‘disaster waiting to happen’
By Eva RoytburgFebruary 2, 2026
3 days ago
placeholder alt text
North America
Gates Foundation doubles down on foreign aid as U.S. government largely withdraws
By Thalia Beaty and The Associated PressFebruary 3, 2026
2 days ago
placeholder alt text
Politics
Peter Thiel warns the Antichrist and apocalypse are linked to the ‘end of modernity’ currently happening—and cites Greta Thunberg as a driving example
By Nick LichtenbergFebruary 4, 2026
14 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Latest in Politics

Nevada Assemblyman Howard Watts
LawThe Boring Company
Key Nevada legislator says lawmakers will push for independent audit of altered public record in Nevada OSHA’s Boring Company inspection 
By Jessica MathewsFebruary 4, 2026
7 hours ago
ICE
PoliticsDonald Trump
From ‘Operation Dirtbag’ to ‘Catch of the Day,’ Trump’s ICE nicknames ripped as ‘disgusting’ and ‘subhuman’
By Matt Brown, Terry Tang and The Associated PressFebruary 4, 2026
12 hours ago
bessent
EconomyTariffs and trade
Scott Bessent’s ‘gotcha’ moment on Trump’s tariffs and inflation: He denies writing ‘tariffs are inflationary’ in letter to hedge fund investors
By Nick LichtenbergFebruary 4, 2026
13 hours ago
thiel
PoliticsBillionaires
Peter Thiel warns the Antichrist and apocalypse are linked to the ‘end of modernity’ currently happening—and cites Greta Thunberg as a driving example
By Nick LichtenbergFebruary 4, 2026
14 hours ago
Ray Dalio, wearing a suit and sitting in a beige chair, speaks and gestures with his hand.
Investinggeopolitics
Ray Dalio warns the world is ‘on the brink’ of a capital war of weaponizing money—and gold is the best way for people to protect themselves
By Sasha RogelbergFebruary 4, 2026
14 hours ago
Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on January 28, 2026 in Washington, DC.
EconomyFederal Reserve
Trump may have shot himself in the foot at the Fed, as Powell could stay on while Miran resigns from White House post
By Eleanor PringleFebruary 4, 2026
18 hours ago