at 50th Street east of Madison Avenue. Ventilation facilities are also located on Park Avenue at 38th Street and at 55th Street, as well as on 63rd Street at York Avenue and at 2nd Avenue. Station The new LIRR terminal at Grand Central, located 14 stories below ground, has with four platforms and eight tracks, plus a new retail and dining concourse with 25 retail spaces. There are two caverns containing one platform and two tracks on each of two levels; a mezzanine is located between the two platform levels. The LIRR terminal is accessed via stairwells, 22 elevators, and 47 escalators connecting to the existing food court at the lower level of Grand Central. The number of elevators in this terminal exceeds the 19 escalators in the remainder of the LIRR system combined. The MTA originally planned to build and open additional entrances at 44th, 45th, 47th, and 48th Streets. The station connects to existing entrances at Grand Central North. The LIRR station also contains entrances at 335 Madison Avenue, near the southeast corner with 44th Street; at 270 Park Avenue and 280 Park Avenue near 47th and 48th–49th Streets, respectively; and at 347 Madison Avenue, on the east side of the avenue at 45th Street. An entrance on 46th Street between Lexington and Park Avenue was also built, connecting with Grand Central North. The MTA later announced its intent to defer construction of an entrance at 48th Street because the owner of 415 Madison Avenue wanted to undertake a major construction project on the site. The MTA also connected the new station to the existing 47th Street cross-passage. The escalators are up to long and descend more than . The escalators and elevators are among the few privately operated escalators and elevators in the entire MTA system. Transfer times A primary goal of the project was to reduce travel time for LIRR passengers traveling to the east side of Manhattan. According to the MTA, the Grand Central Madison station was expected to reduce these passengers' round-trip travel time by 40 minutes compared to using Penn Station. A reporter for Gothamist wrote that transferring from Grand Central Madison to the Grand Central–42nd Street station on the IRT Lexington Avenue Line () took 10 to 12 minutes on foot via escalators, roughly the same amount of time it took to travel from 34th Street–Penn Station to Grand Central–42nd Street using