NEW YORK (AP) — A 16-year-old sneaker-loving teen is using the footwear to get a different kind of kick — he’s opened a pawnshop that uses high-end athletic shoes as collateral.
Chase Reed and his father, Troy Reed, opened Sneaker Pawn on Lenox Avenue in Harlem looking to capitalize on America’s multibillion-dollar athletic footwear market and the high prices sneakers can get being re-sold.
STORY: Teen’s Inspiring Response to Pal Who Came Out via Text
The idea started close to home, when Chase would ask his father to borrow money after Reed had spent a few hundred dollars on sneakers for his son. Reed would hold onto a pair of his son’s shoes until he had gotten his money back.
“My son said, ‘Dad, you’re actually kind of making me pawn you my sneakers,’” Reed said during a recent interview at the store. “Once he said that, a light bulb went off.”
He told his son, “You don’t have no money, but you got all these sneakers. Imagine how many other kids got all these sneakers and probably need cash.”
The duo decided to renovate the space in Harlem, where they had been living before moving elsewhere, into a retail location. And to pay for it all, Chase sold his own collection, bringing in about $30,000.
“My father told me, certain things you have to sacrifice,” Chase said.
Basketball sneakers can sell and re-sell for hundreds of dollars, depending on the shoe model, how limited the production run was, and how easy it is to find a pair in good condition. Sneaker Pawn carries shoes with price tags of more than $1,000.
The shop, which opened about six months ago, offers different options. People looking to just unload their sneakers — specifically basketball shoes — can offer them to the Reeds to be bought outright, or on a consignment agreement which nets the Reeds 20 percent of the final sale price. Those looking to pawn their sneakers have two months to redeem them for the amount of money the Reeds forwarded them plus a storage fee. Shoes that are being pawned are held in storage and not displayed, until the owner either gets them back or gives them up.
Chase, as the sneaker aficionado, has the final say on whether they buy a certain pair from someone, and what prices they sell the shoes at. He also customizes sneakers with his own art. Since he’s still in high school, his father handles the running of the store during the weekdays.
Fourteen-year-old Harlem resident Chaise Mack shelled out a couple of hundred dollars for a pair of Air Jordan sneakers released in 2012 that sell online for at least twice the price that he paid.
The store, he said, “is amazing. You can’t really find sneakers like this downtown. Most of the sneakers here are not in retail.”
It’s been a learning experience for Chase, who’s had to put aside the rebuilding of his own collection.
“Sadly there are a lot of size 14s that come through the store,” he said. “The nicest sneakers on Earth that come through the store and the first thing I do is sell them.”
He’s philosophical about it. I “can’t let my sneaker high get in the way of me making money, me being a businessman,” he said.
what is azithromycin used for ciprofloxacin side effects in women lexapro para que sirve finasteride 5mg cialis patent expiration viagra en ligne livraison 24h what is ciprofloxacin ciprofloxacin 250mg effects of stopping finasteride viagra costs cialis trial viagra price vardenafil 20mg zithromax antibiotic what does ciprofloxacin treat azithromycin 250 azithromycin 250 mg treatment online cialis side effects of cialis viagra vs cialis vs levitra ciprofloxacin dosierung side effects of acyclovir cialis coupons 2017 how long does viagra last is azithromycin penicillin viagra bestellen what does finasteride do generic cialis tadalafil cialis 20 mg how does lexapro work lexapro side effects finasteride dosage lexapro vs celexa cialis pricing thuoc azithromycin viagra sans ordonnance cialis pharmacy prices levitra cialis generic ciprofloxacin dosage sex viagra for women lexapro reviews side effects of azithromycin ciprofloxacin 500 finasteride vs dutasteride viagra cialis lexapro dosages azithromycine eg 500 mg bijsluiter levitra online equipe argentine viagra finasteride hair loss viagra vs cialis azithromycin pregnancy category finasteride tablets zovirax cipro dangers azithromycin without a doctor’s prescription how much does cialis cost utilisation viagra cialis coupon 20 mg levitra vs viagra viagra kaufen finasteride 1mg liquid cialis where to buy viagra azithromycin for uti viagra single packs cialis samples ciprofloxacin 500mg cialis 30 day sample tamoxifen side effects escitalopram side effects cialis coupon print ciprofloxacin coverage cialis or viagra 9 levitra at walmart daily cialis tamoxifen side effects in women over 55 levitra generic cialis 10 mg cialis patent expiration date extended lexapro coupons azithromycin 500 cialis alternative how to wean off lexapro without withdrawals lexapro side effects men over the counter viagra azithromycin 250mg tablets 6 pack lexapro 10mg zovirax pills how to take cialis cialis testimonials viagra natural celexa vs lexapro lexapro acyclovir 200mg cialis coupons printable what is escitalopram lexapro bula finasteride 5 mg lexapro manufacturer website what is ciprofloxacin used for cialis canada tamoxifen side effects in women azithromycin drug class acyclovir dosing levitra 20 mg cost walmart viagra tesco levitra coupon what is acyclovir azithromycin 500 erfahrungen viagra 100mg tablets retail price escitalopram oxalate finasteride results ciprofloxacin 500mg antibiotics levitra 20 mg precio farmacia levitra bayer 20mg meilleur prix buy levitra ciprofloxacin bnf cialis on line common side effects of ciprofloxacin 500 mg wellbutrin and lexapro finasteride for hair loss acyclovir cream generic levitra viagra from canada online viagra viagra activate finasteride medication cialis cheap generic viagra lexapro dosage azithromycin tablets lowest cialis prices is ciprofloxacin a penicillin cialis coupons from manufacturer generic cialis at walmart sophia viagra free cialis cialis 5mg how to wean off lexapro cheap viagra ciprofloxacin 500mg tablets canada cialis viagra 100 mg lexapro withdrawal symptoms discount viagra how does cialis work viagra alternative vardenafil vs viagra viagra generico cipro antibiotic what is cipro usually prescribed for cialis 30 day trial coupon tamoxifen and weight gain cialis online azithromycin for strep throat finasteride effets secondaires ciprofloxacin side effects after age 60 how long for azithromycin to take effect lexapro and weight loss herbal viagra side effects lexapro levitra 10 mg prezzo viagra pill viagra pills viagra cialis website lexapro and wellbutrin combination therapy cialis coupons side effects of viagra viagra online levitra vs viagra azithromycin dosage azithromycine 250 mg azithromycin vs erythromycin cialis effects cialis 5 mg buy viagra zithromax z-pak what is lexapro for acyclovir 800 mg viagra wikipedia cialis samples overnight azithromycin z pak what works better than viagra cialis 20mg discount cialis escitalopram cialis voucher finasteride long term effects effects of stopping lexapro suddenly zovirax cream cialis side effects lexapro weight gain azithromycin 500 mg escitalopram nebenwirkungen tamoxifen langzeitfolgen what is finasteride used for cialis sample cialis coupon levitra without a doctor prescription ciprofloxacin ophthalmic solution order viagra azithromycin for pneumonia lexapro 10 mg cialis otc acyclovir 400 mg viagra tablets lexapro vs zoloft tamoxifen interaction ciprofloxacin 500mg antibiotics side effects azithromycin 5 day dose pack acyclovir dosage acyclovir for cold sores cialis discount buy levitra online cialis prices cialis pills for sale viagra for sale cialis for daily use acyclovir 400mg viagra tablet zithromax propecia cheap levitra what infections does ciprofloxacin treat is azithromycin buy cialis online side effects of ciprofloxacin how long for lexapro to work finasteride 5mg side effects mayo clinic what is acyclovir used for azithromycin and alcohol cialis medication does lexapro cause weight gain what is azithromycin viagra prices cialis 5mg daily ciprofloxacin hydrochloride ophthalmic ciprofloxacin nebenwirkungen finasteride side effects ciprofloxacin 500 mg tabletten azithromycin pregnancy levitra 20 mg von bayer viagra pillen kruidvat acyclovir ointment 5 weaning off lexapro what is tamoxifen viagra vs cialis viagra generic acyclovir 800 mg for shingles cipro side effects in elderly finasteride for women levitra 20 mg ciprofloxacin uses zoloft vs lexapro buy generic levitra azithromycin class escitalopram 10 mg para que sirve viagra without a doctor prescription usa finasteride and enlarged prostate finasteride 5mg side effects withdrawal from lexapro side effects of finasteride 5mg generic levitra vardenafil 20mg what is azithromycin for viagra cost what is cialis lexapro generic generic cialis azithromycin 500mg lexapro 5mg generic for lexapro acyclovir ointment side effects of lexapro 10 mg finasteride 5 mg tab best price viagra acyclovir 800mg cipro 500 cipro drug class viagra for sale uk cealis lexapro side effects in men female viagra viagra dosage cheap cialis cialis tadalafil stopping lexapro what is lexapro cipro dosage buy viagra online lexapro benefits for women viagra soft ciprofloxacin eye drops side effects of azithromycin 250 mg buying viagra cialis canadian pharmacy azithromycin cost cialis reviews viagra on line tamoxifen lawsuits azithromycin eye drops cialis dosage recommendations ciprofloxacin hcl price cialis wholesale cialis azithromycin pediatric dosing canadian viagra what is cipro used for tamoxifen and bone pain cialas what is acyclovir for ciprofloxacin hcl 500 mg zovirax ointment azithromycin side effects how does acyclovir work cialis for women revatio vs viagra escitalopram 10mg free viagra lexapro medication zovirax for cold sores cipro side effects what is viagra cialis patent expiration 2017 side effects of finasteride women viagra cialis vs viagra finasteride reviews lexapro overdose side effects of lexapro in women cialis free trial zovirax dosage cilias what bacteria does ciprofloxacin kill acyclovir medication viagra side effects erectile dysfunction cialis lexapro side effects in women levitra prezzo in farmacia lexapro dosing lexapro generic name tamoxifen cost cialis daily cialis vs viagra canadian cialis finasteride efectos secundarios side effects of lexapro buy cialis how to get off lexapro lexapro vs wellbutrin acyclovir dosage for cold sores ciprofloxacin 500 mg levitra vs viagra for hardness viagra receptfritt what does ciprofloxacin 500mg treat acyclovir for shingles viagra uk viagra on line no prec tamoxifen first few days on lexapro levitra 20mg levitra erfahrungen when will cialis go generic viagra sex ciprofloxacin drug class cipro for uti azithromycin 250 mg pfizer viagra viagra canada azithromycine viagra without a doctor prescription what is tamoxifen used for cialis for men natural viagra cialis generic tadalafil lexapro and weight gain in women generic viagra 100mg is lexapro a controlled substance cipro cipro antibiotics cialis pills viagra 50mg escitalopram effets secondaires acyclovir 800 mg 5 times a day viagra wiki acyclovir side effects viamedic cialis 200 cialis coupon finasteride permanent side effects azithromycin pfizer viagra coupons from pfizer lexapro and weight gain viagra ohne rezept aus deutschland lexapro for anxiety ciprofloxacin spc what is cipro zithromax 500 mg azithromycin three times a week viagra for men azithromycin coverage viagra coupon viagra for women finasteride generic for cialis cialis savings card ciprofloxacin 250 mg azithromycin tablet zithromax dosage what is finasteride tamoxifen nebenwirkungen escitalopram 10 mg viagra medicine cialis 20mg directions what is lexapro used for tamoxifen bijwerkingen generic lexapro lexapro 20mg cialis levitra rezeptfrei deutschland tamoxifen therapy ciprofloxacin how does viagra work ciprofloxacin drops lexapro withdrawal is tamoxifen chemotherapy cialis copay card viagra alternatives ciprofloxacin hydrochloride cialis generic availability cialis dosage cipro uses cost of cialis levitra dosage acyclovir dose cialis price cialis from canada ciprofloxacin 500 mg for urinary tract infection how to use viagra tamoxifen citrate tamoxifen and foods to avoid levitra prices viagra substitute acyclovir viagra 100 finasteride side effects in men what is ciprofloxacin prescribed for cialis dosage strengths ciprofloxacin dose cyalis viagra 100mg levitra coupons escitalopram 20 mg ciprofloxacin class propecia side effects ciprofloxacin hcl 500 mg tab cost of viagra finasteride 5mg tab azithromycin 250mg what does viagra do post finasteride syndrome cialis without a doctor’s prescription antibiotic ciprofloxacin canada viagra cialis professional what does azithromycin treat cialis for sale ciprofloxacin side effects side effects of ciprofloxacin 500 mg viagra ohne rezept auf rechnung cialis cost viagra vs cialis vs levitra ciprofloxacin hcl 500 mg side effects levitra 20mg cost per pill side effects of tamoxifen nolvadex viagra coupons ciprofloxacin for dogs azithromycin uses viagra nebenwirkungen cialis for bph ciprofloxacin used for azithromycin medscape viagra effects acyclovir vs valacyclovir cipro and tendonitis azithromycin liquid viagra samples buy generic viagra