Manhattan has been relatively safe from Hurricane Sandy. The crane at One57 (the $90 million penthouse) snapped and a tree fell on a low rise Chelsea building. Overall, structures in Manhattan are fine because (i) Manhattan island is well protected geographically (ii) structures in Manhattan are made of brick/concrete/steel. Many buildings in Lower Manhattan have flooded basements, no power and some had to evacuate residents/employees post hurricane while building management fixes the problems. This is incomparable to the damage seen in the news in parts of Queens, Long Island, Jersey. Subway systems are still down but everything should be back to normal in a week.