Officials say they received a call about two men fighting inside 125 Division Street around 4:30 p.m. on Monday.
Responding officers found 58-year-old Qi Rui Weng stabbed several times across his body.
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He was taken to Bellevue Hospital in critical condition and was later pronounced dead.
Police on the scene told Eyewitness News reporter Josh Einiger the victim was stabbed to death after a dispute inside what appeared to be an illegal gambling operation.
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Police are searching for a male suspect, also in his 50's, who fled the scene on foot.
No arrests have been made and the investigation is ongoing.
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This is breaking news. This story will be updated as more information becomes available.
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