The 39-year-old victim was on Steinway Street just before 5 a.m. Saturday when he was robbed of his watch and chain and was shot in the leg.
He was taken to Elmhurst Hospital and is expected to survive.
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Three men fled the scene in a black Nissan Sedan.
So far, police have made no arrests.
A $10,000 reward is being offered for any information leading to an arrest in this case.
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