Looking again at the video, and going from the scale of the cars in the frame, on a building lined street, separated by only a sidewalk's distance from the nearest facade...
It may have been "inefficient", but it looks sufficient to put a serious hurt on at least a block of NYC. Not to mention vehicle fragments. I think it would have gutted the nearest wall for 1-3 stories, and broken most of the windows within a hundred yards or so.