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.
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.
This is breaking news. This story will be updated as more information becomes available.
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