15CPW Alert! Hip Hop Clothing Mogul Moves In

When Joseph Betesh opened an Army-Navy store in the South Bronx in 1975 he probably never imagined he would become a full-fledged hip-hop clothing mogul with 19 branches of his Dr. Jay's store spread across the five boroughs. Now the Sephardic Jewish retailer who made a fortune selling "urban apparel" to 18- to 30- year-olds is moving about as far away from his retail roots as possible.

Mr. Betesh has paid $5.6 million for a 28th-floor condo at 15 Central Park West, city records show. He probably won't run into to too many people wearing his clothing at the building, but you never know since Dr. Jay's opened a midtown branch in 1997.