Basketball legend Earvin "Magic" Johnson and his joint-venture partner, Canyon -Johnson Urban Fund, will provide $12.4 million of financing to help build a 130-unit condominium project in the growing Greenpoint section of Brooklyn, Crian's New york reported.

The project marks the venture's third project in the borough and its fifth in New York City.

Green Street Development will use the funding to build a six-story residential building --110 Green Street Condominiums -- located two blocks from the Brooklyn waterfront.

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