Fire outside Time Life building creates panic in New York City

Underground explosion in NY0:12

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An underground explosion and subsequent fire outside the Time Life building has created panic in NYC. Courtesy Igor Dukhnovskyi Photography

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An underground fire outside the Time Life building in New York City has created panic and injured at least one person.

The fire, which was visible on the street through an open manhole, produced thick clouds of black smoke outside the building on the corner of 51st St and Seventh Ave.

The first floors of the building was evacuated.

Twitter sources suggested the explosion was due to an electrical fault.

The fire outside the Time Life building on the corner of 51st St and Seventh Ave. Picture: arthur Tsao / Twitter Source:Supplied