Officials say the incident happened around 2:30 p.m. Thursday, in front of 158 Decatur Ave.
They say 15-year-old Tory Lovik was involved in a dispute with a 48-year-old man.
According to police, the dispute appeared to be over a parking spot.
"It's sad, it's a shame, especially when it has something to do with an adult and a child, it really doesn't make any sense," one resident said.
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They say Lovik was stabbed in the chest.
He was taken to Kings County Hospital where he was pronounced dead.
The 48-year-old suspect is in custody and charges are pending.
The investigation is ongoing.
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