Gyrodyne signs agreement to sell 49-acre parcel for up to $28.74M; NAV per share rises to $14.83

Gyrodyne, LLC

Purchase price range $24M-$28.74M, estimated final price $28.74M; buyer B2K Smithtown LLC.
Estimated NAV as of June 30, 2025: $32.6M ($14.83/share), up 6% from Q1 NAV of $30.8M ($14.01).
Sale expected to close by Dec 2027 (or Aug 2028 with extensions); liquidation timeline extended to Dec 31, 2027.
Transaction preserves >40% open space; includes assisted living facilities proposed by buyer.
JLL Capital Markets arranged the sale; deal includes customary conditions and contingencies.

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