Joshua Gadsen, 18, passed the fake bill to a True Religion cashier to pay for purchases on June 17 just after 6 p.m., police said.
When the cashier at the 863 Broadway store recognized it as a fake and returned the bill to Gadsen, he handed it to 18-year-old Quentya Hawkins, police said.
The cashier held the two teens at the store and called police, the NYPD said.
When officers searched Hawkins, they found four counterfeit $100 bills, which had smudged ink and were printed on low-quality paper, according to the Manhattan District Attorney's criminal complaint.
Gadsen and Hawkins were charged with possession of a forged instrument, the complaint said.
Hawkins' attorney did not immediately respond to a request for comment. Information regarding Gadsen's attorney was not immediately available.
Other notable crimes at the 13th Precinct include:
► A 45-year-old man was arrested for selling New York Yankees tickets in Union Square Park without a permit, police said.
Police spotted Michael Pilgrim soliciting buyers inside the park saying, “Yankee tickets for sale,” on June 19 at 6:18 p.m., the NYPD said.
When an officer approached Pilgrim, he offered a ticket for $25, police said.
Pilgrim was charged with an unclassified violation of New York State laws, police said.
Information regarding his attorney was not immediately available.