Officials say the incident happened just before 1:30 a..m. Sunday in front of 241 W. 24th St.
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The cyclist was hit by an Infinity sedan traveling in the same direction, police said.
Officials say the impact of the collision threw the man from his bike and into a parked car.
The driver of the Infinity drove off from the scene, but the 24-year-old and his abandoned car were found later near West 24th Street and Seventh Avenue.
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Police say the cyclist was taken to Bellevue Hospital where he was pronounced dead. Charges for the driver of the car are pending.
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