Update 10:37pm: NewsChannel 13 reports the incident started as a domestic dispute. A 54 year old man reportedly swung a knife at an officer, another officer shot the man. Both are said to be in stable condition at Albany Med.

Update 3:01pm: No word yet on the condition of the officer or the suspect

Police are on the scene of an officer involved shooting on Franklin Street in Albany. The Times Union is reporting a large police presence in the South End of Albany Monday afternoon. The activity is concentrated between Basset Street and 4th Avenue.

Neighbors tell NewsChannel 13 they heard at least one gunshot Monday afternoon. Tessa Bentulan is on the scene and says police have told her an officer was stabbed, the assailant was shot.

There is also a heavy police presence at Albany Med. A press conference is expected to be held later this afternoon.

15 Of New York State's Most Wanted Criminals- August 2022

Below are individuals wanted by the New York State Department of Corrections and Community Supervision's (DOCCS) Office of Special Investigations who have been designated as its Most Wanted Fugitives. They should be considered armed and dangerous. This list is current as of 08/01/2022:

NEVER attempt to apprehend a fugitive yourself. If you have information on the location of any of these fugitives, you can contact OSI 24 hours a day / 7 days a week to report it. All leads and tips are treated as confidential information.

If an immediate response is necessary, such as you see the wanted person at a location, please call “911” and report it to the police.

6 New York Counties Have Most Violent Young Criminals

More From HOT 99.1