The shooting happened just before 6:30 p.m. in front of 3329 Olinville Avenue.
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According to officials, at least 10 rounds were fired.
Upon arrival, police say an 18-year-old male, identified as Nixon Rodriguez, was shot in the chest.
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He was taken to Jabobi Medical Center where he was pronounced dead.
An unknown male suspect fled eastbound on White Plains Road.
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No arrests have been made.
The investigation is ongoing.
Though crime is statistically declining in New York City, according to numbers released by NYPD, many residents are still concerned about the ensuing violence on their streets.
Citywide crime numbers down; Bronx residents remain concerned
"We stay inside because when you come out at night, the guns are just going off," said John Dematteo.
"I don't think the city is taking care of those things. I think the city has to do more for those people," said Manny Cruz.
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With June marking National Gun Violence Awareness Month, local residents are expected to participate in the fourth annual March to End Violence, in partnership with the Police Athletic League, on Saturday at the PAL Center located at 991 Longwood Avenue.
This comes after a week of shootings in the area.
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