Graphic: Video shows the moment man was crushed to death by elevator at a New York building

This is a sad incident.

Horrifying video emerged showing the moment a 30-year-old man pictured above, was crushed to death by a malfunctioning elevator at a Manhattan luxury high-rise rental building.

The incident occurred Thursday morning at Manhattan Promenade – a 23-story building at 344 Third Ave. near East 26th Street in Kips Bay.

As seen in the video, one person safely exited the elevator before the victim became trapped and crushed to death by the elevator.

According to StreetEasy, luxury 183-unit building, built in the late 1990s, has a 24-hour doorman and many apartments are complete with balconies or terraces.

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One-bedroom apartments at the building are currently on the market for up to $3,695 a month. The deceased, identified as Sam Waisbren, was believed to be a resident of the building. Many people wonder why the accident happened in such an expensive building that should be regularly maintained and elevators properly checked at all times.

Watch the video below (Warning: Graphic)