Madison Square Garden in the city and a roof garden cabaret. The building cost $3 million. Madison Square Garden II was unsuccessful like the first Garden, and the New York Life Insurance Company, which held the mortgage on it, decided to tear it down in 1925 to make way for a new headquarters building, which would become the landmark Cass Gilbert-designed New York Life Building. A third Madison Square Garden opened in a new location, on 8th Avenue between 49th and 50th Streets, from 1925 to 1968. Groundbreaking on the third Madison Square Garden took place on January 9, 1925. Designed by the
Madison Square Garden and New Jersey Transit, as well as Amtrak. The Garden is also accessible via the New York City Subway. The stop at 8th Avenue and the at 7th Avenue in Penn Station. The Garden can also be reached from nearby Herald Square with the at the 34th Street – Herald Square station as well as PATH train service from the 33rd Street station. Madison Square Garden Madison Square Garden, colloquially known as The Garden or in initials as MSG, is a multi-purpose indoor arena in the New York City borough of Manhattan. Located in Midtown Manhattan between 7th and 8th