The shooting was reported on the Grand Concourse at 1:50 p.m.
Witnesses say moments before shots were fired there was a heated verbal exchange.
"They were just shouting. You know what I'm saying? He was arguing with her," one witness said.
"'Give me my money, give me my money, I will shoot you, I will shoot you,'" witness Jordan Alzoubi said. "And then he pulled out his gun and started shooting people."
A 52-year-old woman was shot in her leg, meanwhile the 44-year-old woman was shot at least three times in the leg, arm and stomach, according to police.
The two women did not know each other. The 52-year-old woman was waiting for the bus and the other woman ran around the corner not realizing she was shot until later.
Witnesses say the argument started inside a bank and then spilled out into the street.
The gunshots sent people scrambling. Some ran for safety into a store.
"I had to close the door to keep everybody safe," Amir Igbara said.
Igbara owns a business near East 188th Street. He says he heard the gunshots and knew right away it was gunfire.
"When I came out, I saw a lady and she was looking at her leg. She was shot in her leg," he said.
Both women were taken to St. Barnabas Hospital with non-life-threatening injuries.
Police say the younger woman was the intended target. It's unclear what their relationship is.
The suspect, a man in his 40s with gray hair, wearing a white sweater, ran away south on Grand Concourse.
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