New York Magazine / The cut

As the longtime owner of Nolita consignment shop New & Almost New, Maggie Chan’s job is to hunt for the bargains and deliver them to her customers. Ever dreamed of finding a nautical Marc by Marc Jacobs shirt for $10 in NYC? That’s what we found the last time we stepped in. And with the economy sluggish as it is, it couldn’t be a better time to hunt for great labels on the cheap. So we sat down with the store owner and bargain guru to talk fall trends, labels she loves and what every woman should have in her closet.

Time Out New York / Shopping guide

Germophobes, you won’t have to deal with stranger’s cooties, as 40 percent of the merchandise at this resale shop is brand new. Owner Maggie Chan handpicks every piece hanging on the two color-coded racks serving up Prada, Chanel and Hermes garb ($15 and up). Pros: Fresh goods come in every week, and prices cap at around $600. Every month selected items are chopped an additional 20 to 50 percent off. Con: Most of the clothes are sizes small and medium because they come samples, magazines or skinny celebs.

nyc extreme local / nolita

What sets this consignment shop apart is owner Maggie Chan's contagious optimism tempered with honesty. Not one to tell a customer something looks good simply to make a sale, Chan has created a loyal clientele by stocking ever-so-slightly-used pieces by labels like Prada, Chanel, Tory Burch, Ralph Lauren and Agnès B. at prices up to 75% off—and by telling it like it is. In the business for 15 years (her first location was in SoHo), Chan knows what her clients need and will act as a gratis fashion consultant, advising on everything from how to spruce up an outfit with color to what to wear to a job interview. Mint-condition Ralph Lauren cashmere crewneck sweaters, a black cocktail dress by Sonia Rykiel and Marc by Marc Jacobs tops were a few of the standouts on a recent visit. Shoes from the likes of Louboutin and Blahnik and a smattering of intriguing vintage finds round out the mix at this postage-stamp-size emporium of high-fashion affordability and good old-fashioned service.

Lower / Business Spotlight

From jacket, jeans, and jewelry to posh purses and pique, Maggie Chan’s consignment shop -- New & Almost New -- offers even the most seasoned shopper and exciting collection of new and vintage fashion at affordable prices.

Tucked into the narrow streets of Little Italy, the Elizabeth Street shop is often inconspicuous to passersby, but those who are privy to its contents stop in frequently to peruse the “new” items hanging on its sales racks. A one-woman operation, New & Almost New features higher-end, vintage or “slightly used” women’s fashion at affordable prices, as well as new and cutting-edge fashions specially created for the store by area designers, many of whom live downtown.

Her stock includes both casual and formal pieces. Designer dresses, scarves, jackets, and skirts, among other items, quickly rotate through the racks. The store also stocks an assortment of fashion made of cashmere, leather and tweed to satisfy the cooler seasons’ demands, as well as a diverse selection of shoes, handbag and jewelry.

Quality is also one of the stores’ top priorities. Chan hand selects each item to ensure that it meets her strict quality policy. Every item comes with a guarantee, which is part of the reason New & Almost New’s clientele has remained loyal for more than a decade despite the store’s change of location.