{"id":386998,"date":"2014-06-17T06:59:08","date_gmt":"2014-06-17T11:59:08","guid":{"rendered":"https:\/\/www.snkrsday.com\/?p=386998"},"modified":"2014-06-19T14:15:27","modified_gmt":"2014-06-19T19:15:27","slug":"worlds-first-sneaker-pawn-shop-now-open-new-york","status":"publish","type":"post","link":"https:\/\/www.snkrsday.com\/worlds-first-sneaker-pawn-shop-now-open-new-york\/","title":{"rendered":"New Sneaker Pawn Shop Now Open in New York"},"content":{"rendered":"<p>Channeling Chumlee, father-son duo <strong>Troy Reed<\/strong> and <strong>Chase &#8220;Sneakers&#8221; Reed<\/strong> are changing up the sneaker shop scene. Bypassing boutiques and consignment ventures, the Reed family has opened up the first New York\u00a0<strong>sneaker pawn shop<\/strong>. The Harlem shop resides on Lenox Avenue and West 120th Street, and is run by father Troy and Rahsaan \u201cUncle Bless\u201d Capers while 16-year-old son Chase is in school.<\/p>\n<p>The idea was birthed when Chase asked his dad for $50 to help pick up a pair of new releases. Rather then let him keep the kicks after picking them up with the loan, Troy held the shoes as collateral until Chase paid him back the $50. Inspired by the exchange, Chase then sold off a portion\u00a0of his collection, earning $30,000 to open up the shop.<\/p>\n<p>How does it work, you ask? Prospective sneaker sellers bring their shoes to the shop and have them evaluated by the staff. \u201cAfter we evaluate it, we\u2019ll give the kid, say, $100 for the sneakers. If he wants them back, he\u2019ll pay the $100, plus $20 for storing the sneakers,\u201d Troy Reed told the <a title=\"New York Post\" href=\"http:\/\/nypost.com\/2014\/06\/15\/harlem-entrepreneur-opens-pawn-shop-for-high-top-sneakers\/\" target=\"_blank\">New York Post<\/a>. Assuming they&#8217;re a hot sneaker and the pawner doesn&#8217;t ask for them back, offers will be made. Once an offer is made, the pawner is notified and has the right to first refusal if they can match the cash. If the shoes sell for more, the pawner gets 80% of the profit with the remaining 20% going to the store.<\/p>\n<p>Chase, who also customizes kicks for sale in his free time, views the venture as an extension of his passion. \u201cI don\u2019t look at it like a business. It\u2019s what I do. It\u2019s what I breathe,\u201d said Chase. \u201cIt\u2019s an idea that\u2019s right in front of your face. It\u2019s just about bringing the idea to life.\u201d<\/p>\n<p>With &#8220;Crown Jewel&#8221; Nike LeBron Xs and &#8220;Doernbecher&#8221; Air Jordan 2s among the heavy hitters hosted at the shop, prospective pawners and buyers can hit up the shop now. Hit us up in the comment section to let us know your take on this business platform, similar to that of <a href=\"http:\/\/solepawn.com\/\" target=\"_blank\">Sole Pawn in Florida<\/a>, that is stimulating the sneaker scene.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Channeling Chumlee, father-son duo Troy Reed and Chase &#8220;Sneakers&#8221; Reed are changing up the sneaker shop scene. Bypassing boutiques and consignment ventures, the Reed family has opened up the first New York sneaker pawn shop. The Harlem shop resides on Lenox Avenue and West 120th Street, and is run by father Troy and Rahsaan \u201cUncle Bless\u201d Capers while 16-year-old son Chase is in school.<\/p>\n","protected":false},"author":2415,"featured_media":387002,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"cultivate_rss":[],"class_list":{"2":"type-post"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.0 (Yoast SEO v24.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Sneaker Pawn Shop Now Open in New York | Snkrs Day<\/title>\n<meta name=\"description\" content=\"Get more information on the world&#039;s first Sneaker Pawn Shop.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.snkrsday.com\/worlds-first-sneaker-pawn-shop-now-open-new-york\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Sneaker Pawn Shop Now Open in New York\" \/>\n<meta property=\"og:description\" content=\"Get more information on the world&#039;s first Sneaker Pawn Shop.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.snkrsday.com\/worlds-first-sneaker-pawn-shop-now-open-new-york\/\" \/>\n<meta property=\"og:site_name\" content=\"Snkrs Day\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/NiceKicks\" \/>\n<meta property=\"article:published_time\" content=\"2014-06-17T11:59:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2014-06-19T19:15:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.snkrsday.com\/files\/2014\/06\/sneaker-pawn-shop.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"356\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ian Stonebrook\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@snkrsday\" \/>\n<meta name=\"twitter:site\" content=\"@snkrsday\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ian Stonebrook\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":[\"WebPage\",\"ItemPage\"],\"@id\":\"https:\/\/www.snkrsday.com\/worlds-first-sneaker-pawn-shop-now-open-new-york\/\",\"url\":\"https:\/\/www.snkrsday.com\/worlds-first-sneaker-pawn-shop-now-open-new-york\/\",\"name\":\"New Sneaker Pawn Shop Now Open in New York | Snkrs Day\",\"isPartOf\":{\"@id\":\"https:\/\/www.snkrsday.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.snkrsday.com\/worlds-first-sneaker-pawn-shop-now-open-new-york\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.snkrsday.com\/worlds-first-sneaker-pawn-shop-now-open-new-york\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.snkrsday.com\/files\/2014\/06\/sneaker-pawn-shop.jpg\",\"datePublished\":\"2014-06-17T11:59:08+00:00\",\"dateModified\":\"2014-06-19T19:15:27+00:00\",\"description\":\"Get more information on the world's first Sneaker Pawn Shop.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.snkrsday.com\/worlds-first-sneaker-pawn-shop-now-open-new-york\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.snkrsday.com\/worlds-first-sneaker-pawn-shop-now-open-new-york\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.snkrsday.com\/worlds-first-sneaker-pawn-shop-now-open-new-york\/#primaryimage\",\"url\":\"https:\/\/www.snkrsday.com\/files\/2014\/06\/sneaker-pawn-shop.jpg\",\"contentUrl\":\"https:\/\/www.snkrsday.com\/files\/2014\/06\/sneaker-pawn-shop.jpg\",\"width\":700,\"height\":356,\"caption\":\"World's First Sneaker Pawn Shop Now Open in New York\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.snkrsday.com\/worlds-first-sneaker-pawn-shop-now-open-new-york\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.snkrsday.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News\",\"item\":\"https:\/\/www.snkrsday.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"New Sneaker Pawn Shop Now Open in New York\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.snkrsday.com\/#website\",\"url\":\"https:\/\/www.snkrsday.com\/\",\"name\":\"Snkrs Day\",\"description\":\"Sneakers News. 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