Gyrodyne is a real estate company that owns and operates a portfolio of medical office and industrial properties in New York, primarily two holdings: an industrial park in St. James with approximately 135,000 rentable square feet across multiple tenants, and a medical office center in Cortlandt Manor opposite a major hospital. The company generates revenue through triple-net and modified net leases where tenants pay base rent along with utilities, insurance, maintenance, and property taxes, providing stable cash flows with minimal operating expense burden to the landlord. Operating on a liquidation basis, Gyrodyne pursues strategic entitlements to enhance asset values and facilitate timely dispositions, with the goal of distributing proceeds to shareholders and ultimately dissolving after all properties are sold.