---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-008352"
form_type: "8-K"
ticker: "GYRO"
cik: "0001589061"
company_name: "Gyrodyne, LLC"
filed_at: "2023-03-29T23:59:59+00:00"
generated_at: "2026-06-17T10:26:57.957086+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Gyrodyne's Cortlandt Manor property rezoned as Medical Oriented District; sale planned

## Summary
- Town Board unanimously adopted SEQRA findings and approved MOD local law on March 20, 2023.
- Gyrodyne receives MOD campus designation for 154,000 sq ft (150k medical, 4k retail) on 12.61 acres.
- Company intends to sell the property with MOD designation, not develop it.
- Law effective upon filing with NY Secretary of State, expected by April 9, 2023.
- MOD allows up to 150,000 sq ft medical office, 4,000 sq ft retail, and structured parking.

## SEC filing metadata
- accession: 0001437749-23-008352
- form_type: 8-K
- ticker: GYRO
- cik: 0001589061
- company_name: Gyrodyne, LLC
- filed_at: 2023-03-29T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1589061/000143774923008352/0001437749-23-008352-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1589061/000143774923008352/gyrllc20230328_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-008352
- JSON: https://secwatch.observer/filing/0001437749-23-008352.json
- Plain text: https://secwatch.observer/filing/0001437749-23-008352.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.