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Best Shop for Shopping in the Bronx
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Sneakers are so much more than footwear! They are the focal point of a culture and a huge business! I caught up w/ Chase Reed of SneakerPawnUSA.com in harlem at his shop to talk to the 16yr old who opened the 1st ever sneaker pawn shop!
Taking a trip to Sneaker Pawn USA in Harlem reintroduced me to an entire culture that is as underrated and overlooked in its intricacy as much as in its unique history. Want to see what our future is looking like? Watch the change surprise you again and again as it unfolds before you.
+ Interesting!
THIS KID LET'S YOU TURN YOUR JORDANS INTO CASH MONEY
What we have long suspected is true indeed: sneakers have become a type of currency.
They certainly have great value to many.
16-year-old Chase Reed has started the first-ever high-end and dead-stock pawn shop for sneakers with his venture SNEAKER PAWN.
Starting and running the store with his dad Troy, Chase sold off his own collection of around 200 pairs to raise the $30,000 needed to start the one-of-a-kind venture. He was able to get a commercial space at Lenox Avenue and West 120th Street, right in the heart of Harlem.
How does it work? Reed and his team first appraise a prospective pair of shoes and offer the customer a certain amount for them. When it comes time to repay the loan, the pawner returns the original amount plus some extra for storing the sneakers at Sneaker Pawn.
If someone else makes another offer on the sneakers and they end up selling for more, the pawner splits the proceeds 80/20 with Sneaker Pawn.
Via New York Post.
