The suspects were arrested after police flooded the park following the spree, which started just before midnight.
Multiple charges of robbery are pending against 17-year-old Jesse Wasserman, of New Rochelle, and 19-year-old Driton Rexhaj, of Manhattan.
The suspects held up their three victims at gunpoint. One of the teens held a gun, while the other robbed the victims.
The suspects hit their first victim, a 19-year-old man, at East 84 Street and East Drive. They then robbed a second man at East 81st Street and East Drive, and then returned to East 84 Street and East Drive for their third victim.
The suspects got away with a bicycle, cell phones, a wallet, a backpack, glasses and sneakers.