The 30-year-old victim was slashed in the neck and stabbed in the back during a dispute at Seventh Avenue and West 40th Street at around 1:50 a.m. on Wednesday.
The injured man was taken to Bellevue Hospital in stable condition
One person was taken into custody, but a second suspect is still being sought.
Police describe the suspect as a man wearing a black jacket and khaki pants.
This is a developing story. Check back for updates.
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