I observed a disk/saucer shaped object high above my 31st floor terrace in a partly cloudy predawn sky. The disk was bright red and moving north in a slow linear direction towards LaGuardia Airport some 5 miles away from my location It then turned left quite quickly I could see that the disk had gained altitude towards Manhattan Island moving in a non-linear fashion at very high speed. During its movement towards Manhattan the disk’s bright red color (apparent dome shape) maintained its brightness; while it appeared that the saucer was translucent with its edge ringed by non-flashing white lights which became evident while changing its flight mode and position It then continued to gain altitude quickly while moving north and disappearing.