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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.
  • Address 4 Penn Plaza
  • neighborhood Midtown
  • borough Manhattan
  • owner/developer Vornado Realty Trust
  • block and lot 1-00781-0001
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Vornado Realty Trust is teaming with the Related Companies and Swedish construction giant Skanska on a bid to redevelop the James A. Farley Post Office...
Federal officials are investigating whether some $70,000 paid to Gov. Andrew Cuomo’s former aide turned Madison Square Garden executive led to special treatment for a...
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If the redevelopment of Penn Station is going to move forward, Mayor Bill de Blasio and Gov. Andrew Cuomo will need to start playing nice....
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Moving Madison Square Garden a few blocks away to make for the redeveloped, above-ground Penn Station may seem romantic, but it’ll also be very, very...
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Some of the city’s most prominent developers and designers are vying for a challenge put forth by Gov. Andrew Cuomo: Make Penn Station less hellish....
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A year into his second term, Gov. Andrew Cuomo is a man with a limited legacy. Well before fiascoes like the Moreland Commission, there were...
From the February issue: A “lavish” new Madison Square Garden replaced its “grimy” predecessor in the form of a $150 million complex atop Pennsylvania Station...
UPDATED, Feb. 17, 11:32 a.m.: As part of its mission to revamp its Penn Plaza portfolio, Vornado Realty Trust plans to combine its One and Two...
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From the February issue: Taylor Swift, Ben Stiller, supermodel Kate Upton and, of course, Spike Lee have all had courtside seats for the New York...
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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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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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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...
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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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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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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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...
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...
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...
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...
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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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...
Vornado Realty Trust has selected a Norwegian architecture firm — also responsible for the Times Square plaza design — to lead its efforts at overhauling...
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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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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  • 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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