NY Pawnbrokers is a New York-based pawn shop with 35+ years of experience offering collateral-based loans and merchandise sales across two locations in Manhattan and the Bronx.
Data compiled from public sources · Google rating shown when a stored review count is available
NY Pawnbrokers Inc. has been operating in New York for over 35 years, establishing itself as a pawn shop serving the Manhattan and Bronx communities. The company operates two physical locations: one at 177 Rivington Street in Manhattan and another at 301 East 149th Street in the Bronx, with consistent operating hours throughout the week.
The company offers two primary services: pawn loans and direct merchandise sales. Customers can pawn valuables including jewelry, watches, electronics, vehicles, designer handbags, sneakers, cameras, and video equipment in exchange for short-term cash access. Alternatively, customers can sell items outright for cash on the spot. Pawn loans have a 4-month term with a 30-day grace period, allowing customers to reclaim their items by repaying the loan amount plus applicable fees. The company emphasizes quick transactions, completing most loans and sales in approximately 10 minutes.
NY Pawnbrokers distinguishes itself by advertising some of the best collateral loan interest rates in the US at 4% per month. The company operates transparently regarding fee structures, disclosing service charges ($4-$10), a 2% vault charge for jewelry items, and storage fees for non-jewelry items. They require customers to be 18 years old with valid legal identification. The company is governed by New York State, New York City, and Federal laws applying to pawnbrokers, including compliance with the USA Patriot Act, Truth-in-Lending Act, and Banking Secrecy Act.
While NY Pawnbrokers provides accessible same-day cash with eligibility claims to verify, the 4% monthly interest rate (approximately 48% annually) represents a high cost of borrowing. Customers should carefully consider whether they can verify redemption terms within the loan period, as failure to redeem items results in permanent loss of the collateral. The service is most appropriate for individuals researching short-term cash access who possess valuable items and have the capacity to repay within the specified timeframe.
This is state-level context for Pawn Shops consumers in New York, NY. It does not confirm that NY Pawnbrokers, Inc or this specific location is licensed.
State regulator
New York Department of Financial Services
Consumer protection
Short-term lending status: Banned
General rate context: 16% civil usury; 25% criminal usury; payday lending banned
New York bans payday lending through its 16% civil usury and 25% criminal usury caps. The Department of Financial Services aggressively pursues illegal online payday lenders. Consumers have strong protections under state law and can file complaints with DFS or the Attorney General.
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
NY Pawnbrokers, Inc offers 12 services including Pawn loans on jewelry, watches, and accessories, Pawn loans on electronics and video equipment, Vehicle pawn loans, Pawn loans on designer handbags and luxury goods, Pawn loans on sneakers and apparel, and 7 more.
NY Pawnbrokers, Inc has profile signals associated with Individuals researching short-term cash access who own valuable collateral and can repay within 4-5 months, Borrowers with poor credit or no credit history unable to access traditional personal loans, People looking to sell used luxury items, jewelry, or electronics quickly for cash.
Key strengths: Competitive 4% monthly interest rate explicitly stated as among the best collateral loan rates in the US; Fast service: loans and sales completed in approximately 10 minutes; eligibility claim to verify—accessible to borrowers with poor or no credit history. Areas to consider: 4% monthly interest rate equals approximately 48% APR, which remains expensive despite being competitive for pawn loans; Loss of collateral if loan is not repaid within 4-month term plus 30-day grace period.
In the Pawn Shops category, comparable providers include Broadway Jewelry & Pawn, Maxferd Jewelry & Loan, United Check Cashing. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
NY Pawnbrokers is profile signals for borrowers with valuable collateral who are researching short-term cash access and may not meet traditional credit criteria products, or for individuals looking to quickly sell luxury items. The primary caveat is the high annualized cost of borrowing (48% APR) and the permanent loss of collateral if the loan is not repaid within the 4-month plus 30-day window.
Colorado-based pawn shop offering collateral loans, jewelry sales, firearms, and layaway services. Located in Littleton with experienced staff and a mission to provide friendly, quality service.
Google rating from 293 reviews
Profile signals: Customers researching short-term cash access against jewelry, firearms, or electronics they own, Spanish-speaking customers seeking bilingual pawn services in the Denver metro area
San Francisco's oldest continuously operating pawn shop (since 1884) offering collateral-based loans on jewelry, watches, and other valuables with eligibility claim to verify.
Google rating from 198 reviews
Profile signals: Individuals with poor or no credit history who are researching short-term cash access and have valuable collateral they can temporarily part with, People seeking short-term loans with eligibility claims to verify or lengthy approval processes (financial emergencies)
United Check Cashing Philadelphia, PA — United Check Cashing operates two locations in Delaware and New Jersey, offering check cashing, money transfers,...
Google rating from 202 reviews
Profile signals: Unbanked or underbanked consumers in Delaware and New Jersey who prefer cash-based financial management, Small business owners needing to cash business-payable checks without a business bank account
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