Building 728, which is one of the world’s most expensive high-rises, collapsed on Monday evening as a result of a fire at the hotel, a fire department spokesman said.
The fire, which occurred on the third floor of the building, was reported shortly after midnight by the fire department at the complex near the New York City border, the spokesman said in a statement.
The building collapsed due to the sudden collapse of the first floor.
The collapse caused a fire alarm system to go off and the fire was extinguished by about 10 p.m. local time.
Firefighters were called to the building to rescue a woman trapped inside, but the woman, who was not identified, was pronounced dead at the scene, the fire chief said.
There were no reports of injuries.
The city has not yet released the cause of the collapse.
The United States has been hit hard by a series of deadly natural disasters, including a series in China in the last two years.
The World Trade Center collapsed in 1993, killing 621 people and injuring about 1,100 others.
In 2008, a 727-foot building on a shopping street in Shanghai collapsed and killed two people.