Family-owned pawnbroker with 17 NYC locations since 1996, offering collateral-based loans, item appraisals, and buy/sell services with same-day cash payouts.
Editorially reviewed by Harvey Brooks
EZ Pawn Corp is a third-generation family pawnbroking business established in 1996 by David Kaminsky, following his father Martin's founding of Gem Pawnbrokers in Brooklyn in 1947. The company operates as a traditional pawnshop, providing short-term collateral-based loans to customers in financial need. With roots tracing back to post-World War II New York, the business has grown into one of the fastest-expanding pawnbroking chains in NYC, now operating 17 conveniently located storefronts across the city.
EZ Pawn Corp offers three primary services: pawning items for immediate cash loans, selling items outright, and buying merchandise from customers. Their loan process involves bringing items of value to a location, having knowledgeable loan officers provide appraisals, and receiving loan agreements with cash in hand the same day. The company charges 4% per month in loan rates and fees, with special provisions for active-duty military members and their dependents receiving 36% APR in compliance with the Military Lending Act. They also provide a free loan calculator on their website for customer estimates.
The company distinguishes itself through emphasis on family heritage, community involvement, and customer service reputation. EZ Pawn Corp partners with local charities including the Kiss Cares Coat Drive and NYC AIDS Walk. The business has received media coverage from CBS 2 New York and The New York Times, with company leadership highlighting their role as providers of short-term "bridge" loans to the community. Customer testimonials consistently praise their professional operations, honest dealings, friendly staff, and fair pricing for both loans and item purchases.
As a pawnshop, EZ Pawn Corp serves customers needing immediate cash against collateral, but borrowers should understand that 4% monthly rates (48% APR) are legally permissible for pawnbrokers but exceed rates available through traditional lenders. The business model requires surrendering physical possessions, with redemption subject to loan agreement terms. While the company maintains strong customer reviews and generational credibility, customers must evaluate whether collateral-based borrowing aligns with their financial situation compared to alternative lending options.
Yes. EZ Pawn Corp is a registered company headquartered in 42-57 27th St, Long Island City, NY 11101. They hold a NR rating with the Better Business Bureau.
CreditDoc Diagnosis
EZ Pawn Corp is best for NYC residents in immediate financial emergencies who own valuable collateral and can access one of their 17 locations. The primary caveat is that 4% monthly interest (48% APR) is substantially higher than credit cards, personal loans, or bank lines of credit, making this a borrowing option of last resort rather than an efficient financing choice.
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EZ Pawn Corp is a family-owned pawnbroker with 17 NYC locations offering collateral-based loans and buy/sell services since 1996.
Best for: NYC residents needing same-day emergency cash secured by personal items, Active duty military members and dependents seeking lower-cost pawn loans under Military Lending Act
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