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In 1852, Elisha Otis introduced the safety elevator, which prevented the fall of the cab if the cable broke. The design of the Otis safety elevator is somewhat similar to one type still used today. A governor device engages knurled roller(s), locking the elevator to its guides should the elevator descend at excessive speed. He demonstrated it at the New York exposition in the Crystal Palace in a dramatic, death-defying presentation in 1854, and the first such passenger elevator was installed at 488 Broadway in New York City on March 23, 1857.

Where was the first safety elevator installed?
488 Broadway in New York City