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MIAMI (CBSMiami) – Miami police have one person in custody and are still looking for two more in connection to an armed robbery.

Cops swarmed into an alley way near Flagler and 21st Avenue late Tuesday afternoon to reports of two teens robbed at gunpoint by three others.

“One of the three robbers held the two at gun point while the other two ransacked and were able to get away with a back pack cellphone and money from those two young men,” said Miami police spokesperson Kenia Fallat.

Police had set up a perimeter and locked down two schools – Citrus Grove Elementary and Citrus Grove Middle.

Authorities were able to take down the guy with the gun.

Investigators told CBS4 there is a lot of traffic that goes up and down this ally way just off of Flager Street – making it an ideal place to stage a robbery, even in broad day light.

And perfect if the gun-toting robber lives nearby.

“Yeah, like, he is my neighbor and they took him,” said a young woman who asked not to be identified.

“So he’s your neighbor? They took him away?” CBS4’s Hank Tester followed up with.

“Yeah, I saw him get arrested I guess. They said there were three people and they only captured one and that was him,” she said.

Police identified the suspect as Jonathan Valenzuela. He has been charged with two counts of armed robbery and one count of resisting arrest.

The other two suspects remain at large and are between 16 to 18 years old.

If you have any information that can help police, contact Miami-Dade Crime Stoppers at (305) 471-TIPS.