Interview Question: Acrophobic Dilemma

Sample Question #13 (brainteaser)
 
With an ordinary tape measure and a watch, how would you measure the exact height of the Empire State Building (or the Sears Tower, or the Big Ben Clock Tower, or the Oriental Pearl TV Tower, or any famous tall building)?
 
[This question was asked of me by Roy Niederhoffer when I interviewed for a job at his hedge fund]
 
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