Gyrodyne LLC, through its wholly-owned subsidiary GSD Flowerfield LLC, has amended its Purchase and Sale Agreement with B2K Smithtown LLC for the Flowerfield property. Under the Second Amendment, B2K will receive a $1,520,222 credit at closing for specified on-site improvements to Lots 1 and 3. B2K is responsible for constructing all common facilities and offsite improvements, while GSD will cooperate by providing access as needed. The parties have until February 5, 2026, to resolve issues related to third-party land use covenants; if unresolved, B2K may terminate the agreement and recover its deposit. The impact of these amendments on the property's value is still under review.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gyrodyne LLC published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-001119), on January 12, 2026, and is solely responsible for the information contained therein.