Akbar Auto Sales owners bought Fogarty’s building

The Wm Fogarty Ltd building on Water Street

Three persons from Cornelia Ida, including a minor, are the new owners of the William Fogarty building on Water Street, which carried a whopping $1.4 billion price tag.

Documents, which this newspaper has seen, detail the sale of the building to Munaf Hussein, Saud Hussein and a male minor born in 1997.

The Husseins own Akbar Hussein Auto Sales on North Road and, according to sources, a number of prime real estate spots in the city.

The new owners of the Wm Fogarty building at 34-37 Water Street, have leased the middle