It crashed into the top floor of a 23-storey block of flats as it fell. Seven buildings in the area have been evacuated as a precaution, New York Mayor Michael Bloomberg said.
It is the second such incident in the city this year - seven people died in a crane collapse in the same wealthy Manhattan area in March.
This latest collapse took place at the intersection of East 91st Street and First Avenue. At a news conference, Mayor Bloomberg said that all the casualties were construction workers and that the man who died was believed to be the operator of the crane.
There is no comment when there is somebody innocent dead only condemn to the responsible!
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