Harlem teen opens pawn shop for high-end sneakers.

June 25th, 2014

When 16-year-old New Yorker Chase Reed asked his father, Troy, for a loan of $50 towards the sneakers he’d once again stood in line all night waiting to buy, Troy decided to keep the kicks hostage until he got his money back. That got the 10th-grader thinking. Using his own five-figure stock of 45 mint-condition basketball shoes, he opened the world’s first sneaker pawn shop. 

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