John Kim 
Sneaker stores in NYC are a dime a dozen really, but its the niche consignment shops like Flight Club are what make NYC the uncontested hub for kicks. Adding to the menu of sneaker options is a new store called Sneaker Pawn, which was started by a Harlem-bred teenager named Chase Reed. The store isn’t quite the typical consignment store, as Reed has adopted a pawn-shop style of trade; Sneaker Pawn assesses a proper price for the sneaker based on the condition of a sneaker and pays the pawner the figure while giving the option to buy back the shoe at the same price with a $20 storage fee added on top. However, if another buyer comes in and makes an offer on the sneaker, the pawner is entitled to 80% of the profit, while the shop keeps 20%. In a nutshell, Sneaker Pawn will either receive $20 or 20% of the profit for a sneaker. Your thoughts on this venture? Check out this article on the NYPost and be sure to check out Sneaker Pawn for yourself at Lenox and West 120th.
Source: nypost
