---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-033184"
form_type: "8-K"
ticker: "GYRO"
cik: "0001589061"
company_name: "Gyrodyne, LLC"
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:17:28.395781+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Gyrodyne CEO provides operational update; Flowerfield parcel sale for $28.74M targeted end of 2027

## Summary
- Sold 49 undeveloped acres of Flowerfield to B2K Development for $28.74M; close expected end 2027 subject to litigation & approvals.
- Proforma NAV per share fell to $14.83 at June 2025 from $15.98 at Dec 2023; total NAV rose to $32.6M due to rights offering.
- First half 2025 costs exceeded operating receipts by ~$700k, up $125k from 2024; occupancy 85% vs 86%.
- Cortlandt Manor property has MOD designation; exploring mixed-use with residential to improve marketability.
- Article 78 litigation hearing date awaited; decision expected in 2027. Board reduced to 4, chairman fee capped at $65k.

## SEC filing metadata
- accession: 0001437749-25-033184
- form_type: 8-K
- ticker: GYRO
- cik: 0001589061
- company_name: Gyrodyne, LLC
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1589061/000143774925033184/0001437749-25-033184-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1589061/000143774925033184/gyrllc20251104_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-033184
- JSON: https://secwatch.observer/filing/0001437749-25-033184.json
- Plain text: https://secwatch.observer/filing/0001437749-25-033184.txt

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