Teen arrested after man stabbed in Ashfield

Police have arrested a teenage boy after a man was allegedly stabbed several times at Ashfield this morning, NSW Police say.

It was about 12.40am tomorrow, that two men were getting out of their car on Queen Street, Ashfield, when they were approached by a teenage boy allegedly armed with a knife.

Police from Ashfield Local Area Command have been told it was near the intersection of Queen Street and Liverpool Road that the boy approached one of the men, allegedly demanding money.

The 26-year-old man was then allegedly stabbed in the chest several times before the teen fled empty-handed.

The man was treated at the scene by NSW Ambulance Paramedics before he was taken to Royal Prince Alfred Hospital. Police have been told he has suffered a collapsed right lung and is in a serious but stable condition.

Officers patrolling the area arrested a 15-year-old boy in Park Street following a short foot pursuit.

The teen was taken to Burwood Police Station where Ashfield Detectives hope to speak with him about the incident.

A knife was seized at the scene and has been taken for forensic examination.

Police are urging anyone with information in relation to this incident to call Crime Stopers.

/Public Release.