Gyrodyne, LLC
Business
Gyrodyne, LLC is a real estate company that owns and manages a portfolio of medical office and industrial properties in Suffolk and Westchester Counties, New York. The company operates two main properties: Flowerfield (a 63-acre industrial park in St. James) and Cortlandt Manor (a 13.8-acre medical office facility), with tenants reimbursing substantially all operating costs through triple-net and modified lease structures. Gyrodyne's core strategy is to pursue zoning entitlements and subdivisions to increase property development flexibility, then sell assets and liquidate, distributing proceeds to shareholders by the end of 2028.
Summary from 10-K filed 2026-03-27
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Change in liquidation value of real estate | 4 | −3 | |
| Issuance of common shares, net | 0 | 4 | |
| Remeasurement of assets and liabilities | −8 | −1 | |
| Net increase in liquidation value | −5 | −124,721 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Real estate held for sale | 54 | 50 | 54 | 54 | 43 | |
| Cash and cash equivalents | 5 | 6 | — | — | — | |
| Rent receivable | 155,205 | 335,966 | — | — | — | |
| Other receivables | 15,899 | 36,893 | — | — | — | |
| Total Assets | 59 | 57 | — | — | — | |
| Accounts payable | 2 | 2 | 3 | 1 | 1 | |
| Accrued liabilities | 2 | 2 | 2 | 1 | 940,794 | |
| Deferred rent liability | 0 | 21,195 | — | — | — | |
| Tenant security deposits payable | 229,790 | 213,081 | — | — | — | |
| Mortgage loans payable | 11 | 11 | — | — | — | |
| Estimated liquidation and operating costs net of receipts | 17 | 11 | 11 | — | 13 | |
| Total Liabilities | 33 | 26 | — | — | — | |
| Net assets | 26 | 31 | 31 | — | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2015 2015-12-31 | FY 2014 2014-12-31 |
|---|---|---|---|
| Depreciation and amortization | — | 969,571 | |
| Bad debt (recovery) expense | −23,000 | 51,000 | |
| Net periodic pension cost | — | 324,998 | |
| Noncash interest expense | — | 706,563 | |
| Rent receivable | — | 37,377 | |
| Deferred rent receivable | — | −119,205 | |
| Prepaid expenses and other assets | — | −28,540 | |
| Accounts payable | — | −916,995 | |
| Accrued liabilities | — | −3 | |
| Income taxes payable | — | −565,000 | |
| Deferred rent liability | — | 815 | |
| Tenant security deposits payable | — | 314 | |
| Total adjustments | — | −2 | |
| Net cash used in operating activities | — | −5 | |
| Purchase of building improvements and equipment | — | −927,344 | |
| Land development costs | — | −137,498 | |
| Purchase of marketable securities | — | −3 | |
| Principal repayments of investments in marketable securities | — | 653,593 | |
| Net cash provided by (used in) investing activities | — | −4 | |
| Net increase (decrease) in cash and cash equivalents | — | −9 | |
| Income and excise taxes paid | — | 83,679 | |
| Interest paid | — | 7,570 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Gyrodyne, LLC's CIK number?
Gyrodyne, LLC's SEC CIK number is 0001589061 (1589061). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Gyrodyne, LLC's SEC filings?
All of Gyrodyne, LLC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.