Is Penn Station Located Inside Madison Square Garden
Penn Station is not inside Madison Square Garden. Penn Station sits underneath the arena, with its main entrances on Seventh Avenue between 31st and 33rd Streets. The station is a major rail hub operated by Amtrak and NJ Transit, serving Northeast Corridor routes and commuter lines. Madison Square Garden is the commercial venue built directly above the station complex, with its primary address at 4 Pennsylvania Plaza, New York, NY 10001. The station and arena share a single underground transit complex managed by the Port Authority of New York and New Jersey. For detailed transit and infrastructure data, see the official Penn Station page on the Amtrak website Penn Station New York.
The station opened in 1910 as the Pennsylvania Railroad terminal and was rebuilt underground in the 1960s when Madison Square Garden moved to its current site. Today Penn Station handles over 600,000 commuter rail passengers on an average weekday through NJ Transit and Long Island Rail Road services, plus Amtrak intercity trains. The underground layout includes multiple concourses, platforms, and retail areas that sit beneath the arena and surrounding office towers. This arrangement makes Penn Station one of the busiest rail facilities in the United States by daily passenger volume.
Transit Access and Connectivity at Penn Station
Penn Station connects directly to the New York City Subway system at the 34th Street–Penn Station stations on the 1, 2, 3, A, C, and E lines. The station also links to NJ Transit and Long Island Rail Road networks, providing regional rail access across the New York metropolitan area. Madison Square Garden uses Penn Station as its primary rail gateway, with the arena’s main entrance on 31st Street leading into the station’s main concourse. This integration supports high-volume event traffic, with the arena hosting over 300 events annually across sports, concerts, and shows.
The Port Authority Trans-Hudson (PATH) system also serves the area via the 33rd Street station, a short walk from Penn Station. Amtrak services from Penn Station include Acela and Northeast Regional routes to Washington, D.C., Philadelphia, Baltimore, and Boston. The station’s underground retail and dining areas are operated by private concessionaires under agreements with the Port Authority. For current service schedules and fare data, see the official NJ Transit page NJ Transit.
Ownership, Management, and Financial Structure
Madison Square Garden is owned by Madison Square Garden Entertainment Corp, a publicly traded company listed on the New York Stock Exchange under the ticker MSGE. Penn Station itself is owned and maintained by the Port Authority of New York and New Jersey, a bi-state agency that also manages the PATH rail system and the World Trade Center complex. The arena operates under a long-term lease from the Port Authority, with the current lease terms extending through 2023 and subsequent renewal negotiations. The station’s retail and advertising revenues are shared between the Port Authority and private operators under concession agreements.
Madison Square Garden Entertainment reported total revenue of approximately 1.3 billion dollars in recent fiscal years, driven by arena events, broadcasting rights, and venue concessions. Penn Station’s role as a transit hub generates substantial economic activity, with commuter rail and Amtrak fees forming a major revenue stream for the Port Authority. The combined Penn Station–Madison Square Garden complex is one of the highest-value real estate parcels in Midtown Manhattan, located directly above the busiest rail station in the Western Hemisphere. For financial disclosures and SEC filings, see the official Madison Square Garden Entertainment investor relations page Madison Square Garden Entertainment Investor Relations.