secwatch.observer — SEC 8-K summary
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Issuer:     Gyrodyne, LLC (GYRO)
CIK:        0001589061
Form:       8-K
Filed at:   2025-08-04T23:59:59+00:00
Accession:  0001437749-25-024553
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1589061/000143774925024553/0001437749-25-024553-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1589061/000143774925024553/gyrllc20250804_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-024553

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer