The incident occurred around 3:30 a.m. on Frankford Avenue near Benner Street.
According to the officers, three armed robbers stole a victim's wallet, cash, cellphone and then fired a shot.
Fortunately, no one was hit by the gunfire.
The suspects then fled in a car but were later caught.
Police arrested the robbers in the area of Revere and Robbins Street.
They say a gun was recovered inside the vehicle.
The victim's wallet was found on the ground at the robbery scene.