New York Mayor Michael Bloomberg says the worst is about to hit his city.

The threat of an 11-foot wall of water has prompted officials to close the mass transit system and consider cutting power to Wall Street and all of lower Manhattan to avoid saltwater damage.

A crane is also dangling from about 75 stories above the street from a luxury high-rise under construction in Midtown Manhattan. That's forced the evacuation of nearly residents and the closing of streets.

On coastal Long Island, floodwaters swamped cars, downed trees and put neighborhoods under water as beachfronts and fishing villages bore the brunt of the storm. A police car was lost rescuing 14 people from the popular resort Fire Island.

The storms forced the closure of Wall Street for two days. Several bridges and tunnels throughout the day closed as the weather worsened.

Fortunately, no deaths or injuries have been reported.