Officials say the incident happened around 2:30 p.m. Thursday, in front of 158 Decatur Ave.
They say 15-year-old Tory Lovik was involved in a dispute with a 48-year-old man.
According to police, the dispute appeared to be over a parking spot.
"It's sad, it's a shame, especially when it has something to do with an adult and a child, it really doesn't make any sense," one resident said.
MORE NEWS: Family, friends mourn retired NYPD officer shot outside pizzeria in Brooklyn
Retired NYPD officer fatally shot in torso during dispute in NYC
They say Lovik was stabbed in the chest.
He was taken to Kings County Hospital where he was pronounced dead.
The 48-year-old suspect is in custody and charges are pending.
The investigation is ongoing.
----------
* More Brooklyn news
* Send us a news tip
* Download the abc7NY app for breaking news alerts
* Follow us on YouTube
Submit a News Tip