Hurricane Sandy is approaching the Tri-State area at this hour, and the high winds are already wreaking havoc on New York City. Shortly before 3pmET, stations reported on a crane collapse in midtown Manhattan. The crane, perched on top of a high-end residential building currently under construction, is currently dangling off the high-rise building.

• Related, TVNewser: Tropical Storm Force Winds Begin Taking Toll on New York City, Crane Dangles 90 Stories Up

WABC was the first station to report the news at 2:44 p.m. WCBS was next at 2:46, followed by WNBC at 2:50 and WPIX at 2:53.

The WCBS studio, located on 57th Street between 10th and 11th Avenues, is just down the street from the crane collapse site, 57th Street between 6th and 7th Avenues. More pictures after the jump.