Officials say the fight began sometime around 8:50 a.m. at 102 Street and Liberty Avenue.
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When officers arrived, they found two Asian men, ages 46 and 63, with stab wounds, authorities said.
One man had stab wounds in his stomach and the other had wounds to his leg.
Officials say the 46-year-old was taken to Jamaica Hospital in stable condition. The other man refused medical attention.
Authorities say a 33-year-old Hispanic man was taken into custody.
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Police have not revealed if the weapon was recovered at the scene or what the initial dispute was about.
Charges are pending.
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