By CBS3 Staff

PHILADELPHIA (CBS) – Police have made an arrest in a deadly stabbing case in Philadelphia’s Frankford neighborhood. It happened on Cottage Street just after 11 p.m. Saturday, near Mount Sinai Cemetery.

Police say the suspect chased a 67-year-old man in and out of his apartment complex. The victim was stabbed multiple times.

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Credit: cbs3

Police sources tell CBS3 the suspect is 47-year-old Wilfredo Pagan-Melendez, a neighbor of the victim.

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He is now in custody.

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Stay with CBSPhilly.com for updates to this developing story.