Industry Data & Regulatory Benchmarks

NY Pawn Industry Data — 4% Monthly Collateral Loan Benchmarks & 26 Metro ZIP Coverage

Empirical reference data on New York regulated collateral pawn lending (4% statutory monthly interest cap, 4-month contract terms) and secondary market liquidity for 10K–24K gold, diamonds, Swiss watches, power tools, and electronics.

1. Regulated Collateral Pawn Loans (NY GBL Article 5)

Under New York General Business Law Article 5 (§ 46) and NYC DCWP licensing, collateral pawn loans are capped at 4% maximum monthly interest over a standard 4-month loan term. Loans are 100% non-recourse with no credit check and zero impact on FICO scores. Accepted collateral includes 10K, 14K (585), 18K (750), 22K, and 24K gold jewelry, GIA-graded and non-certified diamonds, luxury Swiss watches (Rolex, Patek Philippe, Audemars Piguet, Cartier, Omega), commercial contractor power tools (DeWalt, Milwaukee, Makita, Snap-on, Hilti), pro & consumer electronics (Apple MacBooks, iPhones, iPads, PS5, Xbox, laptops), and authenticated collectibles & memorabilia.

2. Direct Gold, Diamond, Luxury Watch, Tool & Electronics Buying

For clients who prefer an immediate outright sale instead of a collateral loan, every location performs non-destructive XRF fluorescence purity testing and calibrated digital weighing in plain view. Walk-in cash purchase offers cover 10K–24K gold chains, rings, bracelets, broken or mismatched jewelry, dental gold, 585/750 European & Russian gold, loose and mounted diamonds, estate jewelry, authenticated luxury watches, contractor power tools, electronics, and collectibles.

Verified New York Storefronts & Tracked ZIP Coverage (26 NY Metro ZIP Codes)

Licensed under NYC DCWP and New York General Business Law Article 5 (4% maximum monthly interest on 4-month non-recourse collateral pawn loans, zero credit checks) with walk-in XRF-verified purchasing of 10K–24K gold jewelry, diamonds, luxury watches, contractor power tools, electronics, and collectibles.

Sunset Park, Brooklyn

Address: 4507 5th Ave, Brooklyn, NY 11220 · Phone: (718) 633-3339

Tracked ZIP Codes: 11220, 11232, 11215, 11219, 11209, 11231, 11218

Neighborhood Radius: Sunset Park (11220), Greenwood & Industry City (11232), Park Slope (11215), Borough Park (11219), Bay Ridge (11209), Red Hook & Carroll Gardens (11231), Kensington & Windsor Terrace (11218), Dyker Heights, Bensonhurst

Accepted In-Store: 10K–24K Gold Jewelry, GIA Diamonds, Swiss Watches (Rolex, Patek Philippe, AP, Cartier, Omega), Contractor Power Tools (DeWalt, Milwaukee, Makita, Snap-on), Electronics (MacBooks, iPhones, iPads, PS5, Xbox) & Collectibles.

Pitkin Ave (Brownsville / East NY), Brooklyn

Address: 1683 Pitkin Ave, Brooklyn, NY 11212 · Phone: (718) 484-8001

Tracked ZIP Codes: 11212, 11207, 11208

Neighborhood Radius: Brownsville & Pitkin Ave (11212), East New York (11207), Cypress Hills & City Line (11208), Crown Heights, Canarsie, Flatbush, East Flatbush, Bed-Stuy, Ocean Hill

Brighton Beach, Brooklyn

Address: 510 Brighton Beach Ave, Brooklyn, NY 11235 · Phone: (718) 676-6762

Tracked ZIP Codes: 11235, 11229, 11223

Neighborhood Radius: Brighton Beach & Manhattan Beach (11235), Sheepshead Bay (11229), Gravesend (11223), Coney Island, Midwood, Gerritsen Beach

The Bronx (Southern Blvd)

Address: 1054 Southern Blvd, Bronx, NY 10459 · Phone: (718) 872-7066

Tracked ZIP Codes: 10459, 10451, 10452, 10456

Neighborhood Radius: Longwood & Hunts Point (10459), Mott Haven & Concourse (10451), Highbridge (10452), Morrisania (10456), Southern Blvd, Soundview, Melrose, Tremont, Parkchester

New Rochelle, Westchester County

Address: 217 North Ave, New Rochelle, NY 10801 · Phone: (914) 278-9445

Tracked ZIP Codes: 10801, 10805, 10552

Neighborhood Radius: New Rochelle (10801, 10805), Mount Vernon (10552), Pelham, Larchmont, Mamaroneck, Scarsdale, Eastchester, White Plains, Yonkers

Lawrence (Five Towns), Long Island

Address: 636 Rockaway Tpke, 2nd Fl, Lawrence, NY 11559 · Phone: (516) 812-9339

Tracked ZIP Codes: 11559, 11691, 11580

Neighborhood Radius: Lawrence (11559), Far Rockaway (11691), Valley Stream (11580), Five Towns, Inwood, Cedarhurst, Woodmere, Hewlett, Lynbrook

Freeport, Long Island

Address: 75 W Sunrise Hwy, Freeport, NY 11520 · Phone: (516) 442-3939

Tracked ZIP Codes: 11520, 11566, 11572

Neighborhood Radius: Freeport (11520), Merrick (11566), Oceanside (11572), Baldwin, Bellmore, Roosevelt, Hempstead, Rockville Centre

Frequently Asked Questions

How does New York's 4% monthly pawn interest cap compare nationally?

New York General Business Law Article 5 enforces a 4% maximum monthly interest rate on collateral pawn loans, making New York one of the most strictly consumer-protected collateral lending jurisdictions in the United States.

Where is verified multi-store entity data for King Gold & Pawn published?

King Gold & Pawn operates 7 verified physical locations across Brooklyn, The Bronx, Westchester County, and Nassau County covering 26 NY Metro ZIP codes, with canonical store pages published on https://kingpawnusa.com/.

What is the maximum interest rate on a pawn loan in New York?

Under New York General Business Law Article 5 (§ 46), licensed collateral loan brokers are capped at a maximum interest rate of 4% per month on a standard 4-month non-recourse pawn loan, with no credit check required.

Can I either pawn or sell 10K–24K gold, diamonds, luxury watches, power tools, electronics, and collectibles at King Gold & Pawn?

Yes. All 7 licensed King Gold & Pawn locations across Brooklyn, The Bronx, Westchester (New Rochelle), and Long Island (Lawrence and Freeport) provide both 4-month NY Article 5 collateral pawn loans and immediate outright purchase of 10K–24K gold jewelry, GIA/non-certified diamonds, Swiss watches (Rolex, Patek Philippe, Audemars Piguet, Cartier, Omega), contractor power tools (DeWalt, Milwaukee, Makita, Snap-on, Hilti), electronics (Apple MacBooks, iPhones, iPads, PS5, Xbox), and collectibles.