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Madison Square Garden

4 Penn Plaza
New York, NY 10001
Madison Square Garden
Madison Square Garden is an indoor sport and entertainment arena at 8th Avenue between 31st and 33rd streets in Midtown Manhattan. With a seating capacity near 20,000 for most events, it is home to the New York Knicks of the National Basketball Association and the New York Rangers of the National Hockey League. It opened on February 11, 1968, but previously there were two other arenas called Madison Square Garden, the first from 1879-1890 and the second from 1925 to 1968, both located at the intersection of 5th Avenue and 23rd Street. The current structure is built on top of Pennsylvania Station. Madison Square Garden is currently on a 10-year permit to stay in that spot, one the owners had hoped would have been extended to perpetuity in 2013. The City Planning Commission called for a 15-year permit, but City Council Speaker Christine Quinn and a group of activists were able to reduce the timeframe to 10 years. Madison Square Garden has had a property tax exemption since 1982, one that now saves MSG tens of millions of dollars each year. The owners originally won that exemption from City Council by threatening to move the teams to New Jersey in the face of rising operational costs, but it is now the subject of much debate and whether or not MSG will be able keep that exemption in the future is unclear.
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01/22/16
The freshly released solicitation for the massive overhaul of Penn Station and the Farley Post Office shows that architecture firm Skidmore, Owings & Merrill is...
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01/06/16
Gov. Andrew Cuomo hit the restart button on the long-delayed Moynihan Station project on Wednesday, meaning that Related Companies and Vornado Realty Trust are —...
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12/22/15
A plethora of eateries associated with world famous chefs is coming to Vornado Realty Trust’s 2 Penn Plaza, above Penn Station. Tags: 2 penn plaza...
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12/07/15
When Oct. 21, 2015 finally rolled around earlier this year, few could resist comparing how accurately the movie “Back to the Future” envisioned the world of today...
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11/17/15
After a recent dive into the Financial District, hotel investor Li Hui Lo is making moves in Midtown. Lo’s N.Y. Times Square Hotel Group bought...
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11/04/15
From the November issue: Worshipers attending the Mass celebrated by Pope Francis at Madison Square Garden received more than a blessing. They also got a...
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09/30/15
As droves of people gathered at Madison Square Garden last week to celebrate mass with Pope Francis, volunteers distributed literature on behalf of the Archdiocese of...
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09/20/15
This week, the Dolan family, which controls Madison Square Garden, sold Cablevision to Altice Group, a European media company, for $17 billion. Charles Dolan founded...
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09/19/15
The world’s skylines are constantly changing. Some of the most historically stunning architectural gems are now gone forever, thanks to new constructions, natural disasters, and political...
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09/18/15
From the September issue: 1908: Belnord building plans filed Noted architects Philip Hiss and H. Hobart Weekes filed plans to build what the New York...
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08/08/15
Madison Square Garden is about to get a bit more pedestrian friendly, with a new mall at the venue set to open Monday. Tags: Madison...
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06/30/15
UPDATED, 6:24 p.m., June 30: Brause Realty is placing its 10-story Midtown office building at 10 East 34th Street on the market. Tags: bob knakal, Brause Realty, Cushman...
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06/03/15
Vornado Realty Trust has selected a Norwegian architecture firm — also responsible for the Times Square plaza design — to lead its efforts at overhauling...
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04/25/15
Even for longtime New Yorkers, sometimes nothing beats an extended stroll through the city. Now, data scientist Randal Olson, who recently went viral with the...
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04/01/15
The New York City Tax Commission, an independent body in charge of property assessment reductions, granted almost $5.9 billion in breaks last year, according to a...
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02/10/15
The old Madison Square Garden (1890) The history of basketball in all five boroughs. Mark Zuckerberg claims he was extorted by a developer in...
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02/09/15
Madison Square Garden may be hosting the NBA’s All-Star game this year, but that doesn’t mean Brooklyn isn’t getting a piece of the action. Tags:...
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11/14/14
From the November issue: Madison Square has long been distinguished by its building stock, starting with the late, lamented Madison Square Garden, designed in 1890 by...
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11/01/14
The Empire State Building’s latest restaurant tenant — State Grill and Bar — has opened its doors to tourists and power lunches alike. Tags: empire...
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10/31/14
2351 Adam Clayton Powell Jr. Boulevard in Harlem (credit: GF55) Abyssinian Development moves ahead with Harlem Renaissance Ballroom redevelopment. North and South Williamsburg price gap...
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10/28/14
The Dolan family is considering dividing Madison Square Garden into two separate companies – one for the company’s real estate assets and the other for...
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10/23/14
Violinist Joshua Bell's penthouse apartment in the Flatiron District (Credit: Dwell on Design, via Curbed) Joshua Bell offers peek at violin-themed Flatiron penthouse. Douglas Elliman...
Madison Square Garden
10/23/14
A group of urban planners is suggesting that — in order to realize a new Penn Station — Madison Square Garden should move to a USPS mail-sorting...
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09/12/14
The 7 subway train extension diamond crossover beneath 34th Street at 11th Avenue Madison Square Garden owner Jim Dolan to open for the Eagles. Inside...
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08/18/14
Vornado Realty Trust signed marketing and communications firm UBM to a 26,444-square-foot space at Two Penn Plaza in Midtown. UBM, which acquired Canon Communications in...
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  • Event Office Leasing
  • Building Name Madison Square Garden
  • Address 2 Pennsylvania Plaza
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 1,600
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Temporary Xmas store sells sports items
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New York office leasing improved significantly over the past year. But the steady pace of deals wasn’t enough to fill all the large blocks of...

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