ALBANY, N.Y. (NEWS10) – The Albany Police Department, and other state entities, continue to investigate an officer-involved shooting that happened on Franklin Street Monday. According to police, the shooting happened after a suspect allegedly stabbed an officer during an arrest.

Albany Police Chief Eric Hawkins addressed the shooting Monday evening, calling the stabbing that happened prior to the shooting a vicious attack.

“This suspect used lethal or deadly force against this officer. And the other officer, and other officer that was on the scene, used lethal force in order to stop that threat against the other officer,” Hawkins said.

The incident stemmed from a report of a domestic situation inside a home on the 100 block of Franklin Street. After officers arrived, Hawkins said officers eventually brought the man allegedly involved in the altercation outside, continuing to speak with him as well as helping to gather belongings to be brought to another location.

During that process, it was discovered the 54-year-old man, who still has not been identified, had an outstanding warrant in Albany, “In reference to a domestic incident, in which he grabbed a woman by the neck and squeezed,” the chief explained.

Hawkins said the woman involved in that prior incident was not the same as the one in Monday’s altercation. While the suspect hasn’t been identified, the chief said he is known by police, and has over 15 prior felony convictions.

After learning of the warrant, the officers attempted to bring the man into custody, “The suspect removed a knife that was secreted in his pocket and stabbed one of the officer’s in the upper arm area, causing serious injury,” said Hawkins.

That’s when the other officer fired his weapon one time, striking the suspect in the torso. Following the incident, and after reviewing the body camera footage, Hawkins praised the the way the officer handled the situation.

“he officer who fired the shot used an extraordinary amount of restraint. His deescalation techniques were textbook,” he said.

After being shot, the suspect allegedly swiped the knife at the officer who had already been stabbed, but missed. After being disarmed, authorities rendered first aid.

Both the officer and the suspect were taken to Albany Medical Center and are in stable condition.

In addition to the Albany Police Department, the shooting is being investigated by the New York State Attorney General’s Office, the Albany County District Attorney’s Office and the Albany Community Police Review Board. Chief Hawkins has promised transparency, and is planning on releasing body cam footage to the public in the coming days.

While police say the investigation is still preliminary, Hawkins anticipates the suspect will face charges related to this incident in the future. Per department policy, the officer who fired his weapon has been placed on administrative leave pending the investigation.