by Justine 
As per a commenter’s tip, Crain’s is reporting that the Magic Johnson financed condo project at 110 Green Street is bankrupt.
A 130-unit building in Greenpoint, Brooklyn, declares bankruptcy. The property’s lenders include basketball star Magic Johnson.
The company is the owner of 110 Green Street Development, a six-story luxury condo in Greenpoint, Brooklyn, called The Viridian. Sales of its 130 units began in June. In the filing the company noted that the…
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The bank can either sell the whole building or rent it out themselves. It might be a while before they hit the market while the bankruptcy goes through.