Police say 33- year old Daquan Allen lost control of his car and slammed into a concrete barrier at 4:41 a.m. Friday.
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The vehicle burst into flames after the crash.
Allen was able to escape, but 35-year-old Kesha Montez and 29-year-old Mahogany Robinson were trapped and pronounced dead.
Allen was taken to New York Presbyterian Hospital in stable condition.
He was being treated while in police custody.
He is now facing reckless driving charges.
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Detectives are investigating if he was speeding.
All but one northbound lane of FDR Drive were closed at 61st Street for hours as police investigated.
All lanes were back open by 11 a.m.
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