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
United States Post Office (Madison Square Station) McLeary. The Madison Square Station was listed on the National Register of Historic Places in 1989. Notes United States Post Office (Madison Square Station) The United States Post Office Madison Square Station is a historic post office building located at 149 East 23rd Street between Lexington Avenue and Third Avenue on the East Side of Manhattan, New York City. In spite of the building's name, it is not located on Madison Square but about five blocks east (approximately 1/4 mile) along 23rd Street. The building runs through the block to East 24th Street, where there are loading docks and another