Gyrodyne (NASDAQ:GYRO) has announced a significant real estate transaction as part of its strategic liquidation plan. The company’s subsidiary, GSD Flowerfield, has entered into an agreement to sell a 49-acre parcel in Smithtown, New York to B2K Smithtown LLC for a purchase price ranging from $24 million to $28.74 million, with the final price estimated at $28.74 million.
The transaction has positively impacted Gyrodyne’s net asset value (NAV), increasing it to approximately $32.6 million ($14.83 per share) as of June 30, 2025, representing a 6% increase from the previous quarter’s NAV of $30.8 million ($14.01 per share). The property is planned for assisted living…