secwatch.observer — SEC 8-K summary
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Issuer:     Gyrodyne, LLC (GYRO)
CIK:        0001589061
Form:       8-K
Filed at:   2023-03-29T23:59:59+00:00
Accession:  0001437749-23-008352
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1589061/000143774923008352/0001437749-23-008352-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1589061/000143774923008352/gyrllc20230328_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-008352

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