The Madison Square Garden (frequently called "The Garden" or "MSG") is an indoor arena in the New York City borough of Manhattan. The arena is home of the New York Knicks NBA team and the New York Rangers of the NHL. It also is the site of many concerts and special events each year and a few college basketball games are played there There have been four arenas with the name Madison Square Garden at three different sites in Manhattan. The first was an open-air arena built in 1879 at East 26th Street and Madison Avenue, also known as Madison Square. It was torn down and replaced with an indoor arena at the same site in 1890. The third MSG, on Eighth Avenue between 49th and 50th Streets, opened in 1925. The current Madison Square Garden opened in 1968. It is at 4 Penn Plaza, close to the intersection of 8th Avenue & 33rd Street in Manhattan, New York City. Was named after 4th President of the United States of America.