A NYU student has miraculously survived falling ten stories and being trapped between two New York buildings for over 24 hours.

Asher Vongtau, 19, is in a serious condition in hospital after emergency workers freed him from a tight space between a parking garage and the NYU dorm building at 80 Lafayette St, Chinatown, in lower Manhattan.

Amazingly, he was conscious and talking when paramedics got to him, according to New York Daily News.

Friends report that he had been missing since Saturday.

A public safety officer discovered Vongtau after he was reported missing by other students.

There were other reports that people heard screaming coming from the lower levels of the dorm.

It took rescue workers 1 1/2 hours to remove him.

The extent of his injuries have not yet been released

An investigation will be opened to determine how he fell.