Gyrodyne Co Of America S-1 6 Mar 15 2014 Q3 IPO registration Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	9 Months Ended
	Sep. 30, 2014	Nov. 05, 2014	Jun. 30, 2013
Document and Entity Information [Abstract]
Entity Registrant Name	GYRODYNE CO OF AMERICA INC
Document Type	S-1
Current Fiscal Year End Date	-19
Entity Common Stock, Shares Outstanding		1,482,680
Entity Public Float			$73,556,984
Amendment Flag	FALSE
Entity Central Index Key	44689
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	30-Sep-14
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q3

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2012
Rental property:
Land	$5,163,093
Building and improvements	33,307,858
Machinery and equipment	343,272
	38,814,223
Less Accumulated Depreciation	6,281,121
	32,533,102
Land held for development:
Land	558,466
Land development costs	1,715,846
	2,274,312
Total Real Estate, net	34,807,414
Cash and Cash Equivalents	94,164,722
Investment in Marketable Securities	4,516,472
Rent Receivable, net of allowance for doubtful accounts of $74,000 and $67,000, respectively	142,478
Deferred Rent Receivable	225,432
Prepaid Expenses and Other Assets	662,481
Total Assets(a)	134,518,999
Liabilities:
Accounts payable	486,887
Accrued liabilities	277,982
Deferred rent liability	52,351
Tenant security deposits payable	463,706
Mortgage loans payable	5,013,415
Deferred income taxes	62,964,000
Pension costs	492,656
Total Liabilities(a)	69,750,997
Commitments and Contingencies
Equity:
Common stock, $1 par value; authorized 4,000,000 shares; 1,723,888 shares issued; 1,482,680 shares outstanding	1,723,888
Additional paid-in capital	17,753,505
Accumulated other comprehensive income	-1,195,803
(Deficit) retained earnings	48,024,109
	66,305,699
Less: Cost of 241,208 Shares of Common Stock Held in Treasury	-1,537,697
Total Gyrodyne stockholders' equity	64,768,002
Total Equity	64,768,002
Total Liabilities and Equity	$134,518,999

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parentheticals) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Sep. 30, 2011
Allowance for doubtful accounts (in Dollars)	$74,000	$74,000	$67,000	$103,000
Common stock, par value (in Dollars per share)	$1	$1	$1
Common stock, shares authorized	4,000,000	4,000,000	4,000,000		173,305
Common stock, shares issued	1,723,888	1,723,888	1,723,888
Common stock, shares outstanding	1,482,680	1,482,680	1,482,680
Less common stock held in treasury, shares	241,208	241,208	241,208

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Revenues
Rental income	$4,487,083	$4,448,402	$4,886,823
Rental income - tenant reimbursements	542,886	540,706	632,881
Total Rental income	5,029,969	4,989,108	5,519,704
Expenses
Rental expenses	2,514,530	2,308,036	2,347,400
General and administrative expenses	11,551,674	6,561,910	1,862,466
Strategic alternative expenses	3,637,123	1,013,043	29,383
Impairment charges	2,100,000	0
Depreciation	953,725	900,095	876,101
Total	20,757,052	10,783,084	5,115,350
Other Income (Expense):
Interest income	236,954	86,217	1,696
Interest expense	-5,748	-965,506	-1,197,407
Total	231,206	-879,289	-1,195,711
Loss Before Condemnation and Provision for Income Taxes	-15,495,877	-6,673,265	-791,357
(Expense) income on condemnation	-2,360	100,028,802	-333,308
Interest income on condemnation		67,341,716
Total	-2,360	167,370,518	-333,308
Net (Loss) Income Before (Benefit) Provision for Income Taxes	-15,498,237	160,697,253	-1,124,665
(Benefit) Provision for Income Taxes	-61,553,442	61,649,000
Net Income (Loss)	46,055,205	99,048,253	-1,124,665
Net Loss from Non-Controlling Interest in GSD, LLC	8,001
Net Income (Loss) Attributable to Gyrodyne	$46,063,206	$99,048,253	($1,124,665)
Net Income (Loss) Per Common Share Attributable to Gyrodyne:
Basic and Diluted (in Dollars per share)	$31.07	$66.80	($0.84)
Weighted Average Number of Common Shares Outstanding:
Basic and Diluted (in Shares)	1,482,680	1,482,680	1,340,706

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (Loss) (USD $)	12 Months Ended
	Dec. 31, 2011
Net Income (Loss) Attributable to Gyrodyne	($1,124,665)
Other Comprehensive income (loss):
Unrecognized actuarial pension gain (loss)	69,046
Unrealized loss on interest rate swap agreement, net	120,602
Other Comprehensive Income (Loss) Attributable to Gyrodyne	189,648
Comprehensive Income (Loss) Attributable to Gyrodyne	-935,017
Comprehensive Income (Loss)	($935,017)

Consolidated_Statements_of_Sto

Consolidated Statements of Stockholders' Equity (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Balance of Undistributable Income (Deficit) [Member]	Balance of Undistributable Income (Deficit) [Member]	Treasury Stock [Member]	Noncontrolling Interest [Member]	Special Dividend 2nd [Member]	Total
				Special Dividend 2nd [Member]
Balance, January 1, 2011 at Dec. 31, 2010	$1,531,247	$7,978,234	$102,383		$6,887,173	($1,537,697)			$14,961,340
Balance, January 1, 2011 (in Shares) at Dec. 31, 2010	1,531,247					241,208
Issuance of Common Shares, net of issuance costs of $248,497	192,641	9,768,835							9,961,476
Issuance of Common Shares, net of issuance costs of $248,497 (in Shares)	192,641
Net Income (Loss)					-1,124,665				-1,124,665
Other comprehensive income (loss)			189,648						189,648
Balance at Dec. 31, 2011	1,723,888	17,747,069	292,031		5,762,508	-1,537,697			23,987,799
Balance (in Shares) at Dec. 31, 2011	1,723,888					241,208
Net Income (Loss)					99,048,253				99,048,253
Other comprehensive income (loss)			-1,487,834						-1,487,834
Special Dividend					-56,786,652				-56,786,652
Other		6,436							6,436
Balance at Dec. 31, 2012	1,723,888	17,753,505	-1,195,803		48,024,109	-1,537,697			64,768,002
Balance (in Shares) at Dec. 31, 2012	1,723,888					241,208
Net Income (Loss)					46,063,206		-8,001		46,055,205
Other comprehensive income (loss)			1,314,592						1,314,592
Special Dividend				-16,144,614	-86,636,091		18,640,387	-16,144,614	-67,995,704
Balance at Dec. 31, 2013	$1,723,888	$17,753,505	$118,789		($8,693,390)	($1,537,697)	$18,632,386		$27,997,481
Balance (in Shares) at Dec. 31, 2013	1,723,888					241,208

Consolidated_Statements_of_Sto1

Consolidated Statements of Stockholders' Equity (Parentheticals) (USD $)	12 Months Ended
	Dec. 31, 2011
Additional Paid-in Capital [Member]
Issuance of Common Shares, issuance costs	$248,497
Noncontrolling Interest [Member]
Issuance of Common Shares, issuance costs	$248,497

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Cash Flows from Operating Activities:
Net Income (loss)	$46,055,205	$99,048,253	($1,124,665)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation and amortization	1,000,442	1,186,515	910,681
Impairment charge	2,100,000	0
Bad debt expense	36,000	24,000	21,000
Net periodic pension benefit cost (income)	352,589	-4,622	24,381
Deferred income taxes	-61,649,000	61,649,000
Decrease (increase) in assets:
Rent receivable	10,649	-82,536	36,738
Deferred rent receivable	9,723	-88,212	-57,217
Prepaid expenses and other assets	-264,714	59,461	-1,603
Increase (decrease) in liabilities:
Accounts payable	1,223,370	152,951	-358,142
Accrued liabilities	2,968,421	-178,184	80,442
Deferred rent liability	41,571	-30,696	-20,026
Tenant security deposits	10,405	-23,155	11,138
Total adjustments	-54,160,544	62,664,522	647,392
Net cash (used in) provided by operating activities	-8,105,339	161,712,775	-477,273
Cash Flows from Investing Activities:
Purchase of building improvements and equipment	-889,584	-460,563	-780,805
Land development costs	-108,001	-108,246	-125,029
Purchase of marketable securities		-5,332,656
Principal repayments on investments in marketable securities	996,148	890,470
Net cash used in investing activities	-1,437	-5,010,995	-905,834
Cash Flows from Financing Activities:
Principal payments on mortgage loans payable	-5,013,415	-16,130,365	-580,897
Loan origination fees paid		-2,471	-13,000
Proceeds from escrow deposit			250,000
Issuance of common share, net			9,961,476
Cash distributions paid	-67,995,704	-56,786,652
Other		6,436
Net cash (used in) provided by financing activities	-73,009,119	-72,913,052	9,617,579
Net (decrease) increase in cash and cash equivalents	-81,115,895	83,788,728	8,234,472
Cash and cash equivalents at beginning of year	94,164,722	10,375,994	2,141,522
Cash and cash equivalents at end of year	13,048,827	94,164,722	10,375,994
Supplemental cash flow information:
Interest paid	26,637	999,592	1,197,407
Income and excise taxes paid	3,466,878
Non-cash investing and financing activities:
Dividend note payable	16,144,614
Distribution of ownership interests in GSD, LLC	$18,640,387

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) (USD $)	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013		Sep. 30, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Rental property:
Land	$1,733,693		$4,621,293			$5,163,093
Building and improvements	11,307,442		32,626,185			33,307,858
Machinery and equipment	344,733		344,733			343,272
	13,385,868		37,592,211			38,814,223
Less accumulated depreciation	4,807,276		7,234,846			6,281,121
	8,578,592		30,357,365			32,533,102
Land held for development:
Land	558,466		558,466			558,466
Land development costs	1,923,822		1,823,847			1,715,846
	2,482,288		2,382,313			2,274,312
Total real estate, net	11,060,880		32,739,678			34,807,414
Assets held for sale	22,411,392		22,024,321
Cash and cash equivalents	4,377,093		13,048,827			94,164,722	10,375,994	2,141,522
Investment in marketable securities	6,071,506		3,380,864	[1]		4,516,472
Rent receivable, net of allowance for doubtful accounts of approximately $74,000 in 2014 and 2013	31,988		95,829			142,478
Deferred rent receivable	48,365		215,709			225,432
Prepaid expenses and other assets	350,848		892,074			662,481
Prepaid pension costs	586,401		608,807
Total Assets	44,938,473		50,981,788			134,518,999
LIABILITIES:
Accounts payable	250,523		1,710,257			486,887
Accrued liabilities	513,515		3,246,403			277,982
Deferred rent liability	23,557		93,922			52,351
Tenant security deposits payable	253,100		474,111			463,706
Liabilities related to assets held for sale	365,923		381,966
Deferred income taxes	1,315,000		1,315,000			62,964,000
Dividend payable	682,033		16,144,614		98,685,000
Notes payable	16,447,427	16,447,427	16,144,614
Total Liabilities	19,851,078		22,984,307			69,750,997
Commitments and contingencies
EQUITY:
Common stock, $1 par value; authorized 4,000,000 shares; 1,723,888 shares issued; 1,482,680 shares outstanding	1,723,888		1,723,888			1,723,888
Additional paid-in capital	17,753,505		17,753,505			17,753,505
Accumulated other comprehensive income	118,219		118,789			-1,195,803	292,031	102,383
Deficit	-9,863,126		-8,693,390			48,024,109
	9,732,486		10,902,792			66,305,699
Less cost of shares of common stock held in treasury; 241,208	-1,537,697		-1,537,697			-1,537,697
Total Gyrodyne Stockholdersb Equity	8,194,789		9,365,095			64,768,002
Non-controlling interest in GSD, LLC	16,892,606		18,632,386
Total equity	25,087,395		27,997,481			64,768,002	23,987,799	14,961,340
Total Liabilities and Equity	$44,938,473		$50,981,788			$134,518,999
[1]	During 2013, the Company received $996,148 in principal repayments.

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012	Sep. 30, 2011
Common stock par value (in Dollars per share)	$1	$1	$1
Common stock, shares authorized	4,000,000	4,000,000	4,000,000	173,305
Common stock, shares issued	1,723,888	1,723,888	1,723,888
Common stock, shares outstanding	1,482,680	1,482,680	1,482,680
Less cost of shares of common stock held in treasury, shares	241,208	241,208	241,208

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenues
Rental income	$578,148	$667,757	$1,762,890	$1,902,907
Rental income - tenant reimbursements	60,355	86,816	239,217	284,008
Total	638,503	754,573	2,002,107	2,186,915
Expenses
Rental expenses	373,935	337,583	1,140,057	1,051,013
General and administrative expenses	526,572	5,713,020	1,676,938	7,277,635
Strategic alternative expenses	373,555	2,151,392	1,246,096	2,803,021
Depreciation	82,042	91,058	249,660	264,321
Insurance claim recoveries in excess of cost	-184,339		-184,339
Impairment charges		2,100,000	200,000	2,100,000
Total	1,171,765	10,393,053	4,328,412	13,495,990
Other Income (Expense):
Interest income	32,602	59,437	78,526	188,066
Interest expense	-206,224		-542,570	-5,748
Total	-173,622	59,437	-464,044	182,318
Net Loss before Condemnation Expense and Provision for Income Taxes	-706,884	-9,579,043	-2,790,349	-11,126,757
Expense on Condemnation				-2,360
Net loss before Provision for Income Taxes	-706,884	-9,579,043	-2,790,349	-11,129,117
Benefit for Income Taxes		-58,182,122		-58,182,122
Net (loss) income from continuing operations	-706,884	48,603,079	-2,790,349	47,053,005
Income from discontinued operations attributable to non-controlling interest	301,327	104,911	562,866	327,471
Net (loss) income	-405,557	48,707,990	-2,227,483	47,380,476
Net Loss from Non-Controlling Interest in GSD, LLC	-385,748		-2,165,861
Net (loss) income Attributable to Gyrodyne	($19,809)	$48,707,990	($61,622)	$47,380,476
From continuing operations (in Dollars per share)	($0.01)	$32.85	($0.04)	$31.96
From discontinued operations (in Dollars per share)	$0	$0	$0	$0
Total (loss) income -Basic and diluted (in Dollars per share)	($0.01)	$32.85	($0.04)	$31.96
Weighted average number of common shares outstanding:
Basic and diluted (in Shares)	1,482,680	1,482,680	1,482,680	1,482,680

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Net (loss) income attributable to Gyrodyne	($19,809)	$48,707,990	($61,622)	$47,380,476	$46,055,205	$99,048,253
Unrealized (loss) gain on investments	-58,888	2,353	-570	-92,293	-139,460	74,287
Comprehensive (loss) income attributable to Gyrodyne	-78,697	48,710,343	-62,192	47,288,183	47,377,798	97,560,419
Comprehensive loss attributable to non-controlling interest	-385,748		-2,165,861		-8,001
Comprehensive (loss) income	($464,445)	$48,710,343	($2,228,053)	$47,288,183	$47,369,797	$97,560,419

Condensed_Consolidated_Stateme2

Condensed Consolidated Statement of Cash Flows (Unaudited) (USD $)	9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	($2,227,483)	$47,380,476	$46,063,206	$99,048,253
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Depreciation and amortization	564,595	758,577	1,000,442	1,186,515
Impairment charges	200,000	2,100,000	2,100,000	0
Bad debt expense	45,000	30,000	36,000	24,000
Net periodic pension benefit cost	22,406	264,442	352,589	-4,622
Deferred income taxes		-61,649,000	-61,649,000	61,649,000
Noncash interest expense	302,813
Rent receivable	7,215	34,812	10,649	-82,536
Deferred rent receivable	-90,907	6,681
Prepaid expenses and other assets	129,312	-149,923	-264,714	59,461
(Decrease) increase in liabilities:
Accounts payable	-1,420,869	1,911,545	1,223,370	152,951
Accrued liabilities	-2,700,510	5,027,148	2,968,421	-178,184
Deferred rent liability	13,678	55,372	41,571	-30,696
Tenant security deposits	-10,374	3,932	10,405	-23,155
Total adjustments	-2,937,641	-51,606,414	-54,160,544	62,664,522
Net cash used in operating activities	-5,165,124	-4,225,938	-8,105,339	161,712,775
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of building improvements and equipment	-712,473	-499,983	-889,584	-460,563
Land development costs	-102,925	-80,751	-108,001	-108,246
Purchase of marketable securities	-3,138,943			-5,332,656
Principal repayments of investments in marketable securities	447,731	865,941	996,148	890,470
Net cash (used in) provided by investing activities	-3,506,610	285,207	-1,437	-5,010,995
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on mortgage loans payable		-5,013,415	-5,013,415	-16,130,365
Net cash used in financing activities		-5,013,415	-73,009,119	-72,913,052
Net decrease in cash and cash equivalents	-8,671,734	-8,954,146	-81,115,895	83,788,728
Cash and cash equivalents at beginning of period	13,048,827	94,164,722	94,164,722
Cash and cash equivalents at end of period	4,377,093	85,210,576	13,048,827	94,164,722
Supplemental cash flow information:
Interest paid		26,676	26,637	999,592
Income and excise taxes paid	133,000	3,466,878	3,466,878
Noncash Investing and Financing Activities:
Dividend payable	682,033	98,685,000	16,144,614
Issuance of note to settle PIK interest	$302,813

Note_1_The_Company

Note 1 - The Company	9 Months Ended		12 Months Ended
	Sep. 30, 2014		Dec. 31, 2013
Disclosure Text Block [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1	The Company:	1.     The Company
	Gyrodyne Company of America, Inc. (“Gyrodyne” or the “Company”) is a self-managed and self-administered real estate investment trust (“REIT”) formed under the laws of the State of New York. The Company manages its business as one operating segment. Prior to December 30, 2013, the Company’s primary business was the investment in and the acquisition, ownership and management of a geographically diverse portfolio of medical office, industrial and development of industrial and residential properties located in the Northeast region of the United States. On December 30, 2013, the Company distributed to its shareholders, as the non-cash portion of the special dividend announced on September 12, 2013 (the “Special Dividend”), all of the equity interests of its subsidiary Gyrodyne Special Distribution LLC (“GSD”), which owned 100% of the interests (through GSD’s subsidiaries) in the Company’s four real estate properties, subject to related mortgage debt in favor of Flowerfield Mortgage Inc., also a subsidiary of the Company, with the Company having the contractual right to manage the business and properties of GSD. Based on management provisions set forth in GSD’s limited liability company agreement which designates sole management authority in the Company, the Company concluded that GSD is a variable interest entity and that GSD’s financial statements should be consolidated with the Company’s. Accordingly, we may use references to "we" or "our" to refer to the Company and GSD and "the Company's properties" or "GSD's properties" (or derivations thereof) interchangeably in this report. In that connection, however, it should be noted that GSD has legal title to the properties and will incur any operating or capital losses resulting from the properties, due to risks as outlined below or otherwise. However, such losses may adversely impact GSD's ability to meet debt service obligations and or repayments of mortgages to Flowerfield Mortgage, Inc. or payment of management fees or result in capital needs at GSD that might require additional capital from the Company, or external sources.		Gyrodyne Company of America, Inc. (“Gyrodyne” or the “Company”) is a self-managed and self-administered real estate investment trust (“REIT”) formed under the laws of the State of New York. The Company manages its business as one operating segment. The Company’s primary business is the investment in and the acquisition, ownership and management of a geographically diverse portfolio of medical office, industrial and development of industrial and residential properties located in the Northeast region of the United States. Substantially all of the Company’s properties are subject to net leases in which the tenant reimburses Gyrodyne for a portion, all of or substantially all of the costs and/ or cost increases for utilities, insurance, repairs and maintenance, and real estate taxes. Certain leases provide that the Company is responsible for certain operating costs.
	Substantially all of GSD’s properties are subject to net leases in which the tenant reimburses GSD for a portion, all of or substantially all of the costs and/ or cost increases for utilities, insurance, repairs and maintenance, and real estate taxes. Certain leases provide that GSD is responsible for certain operating expenses.		As of December 31, 2013, the Company has an investment in three separate mortgages which contain a first lien on the medical parks related real estate it previously owned. The previously owned real estate was included in a distribution to shareholders of ownership interests in Gyrodyne Special Distribution LLC (“GSD LLC”) on December 30, 2013 subject to the mortgages owned by the Company along with the Company retaining managing member control in GSD LLC. Additionally, the Company has an estimated 9.32% limited partnership interest (the “Grove”) in a Florida property (the “Grove Property”).
	As of September 30, 2014, the Company had an investment in three separate mortgages due from GSD of approximately $13,130,800 and a receivable under a revolving line of credit of $3,000,459. The mortgages and revolving line of credit contain a 5% effective rate and both principal and interest are eliminated in consolidation. The mortgages contain a first lien on the medical parks related real estate owned by GSD. Additionally, the Company owns an estimated 9.32% limited partnership interest in Callery Judge Grove, L.P. (the “Grove”), a limited partnership, which in 2013 sold its only property, an undeveloped Florida property (the “Grove Property”). For further information see Footnote 18.		The Company, through its managing member control in GSD LLC, with no ownership interest, controls two medical office parks and ten of fourteen buildings in a third medical park, together comprising approximately 131,000 rentable square feet and a multi-tenant industrial park comprising approximately 130,000 rentable square feet. In addition, the Company, through the same managing member control, maintains approximately 68 acres of property in St. James, New York.
	Following the December 30, 2013 distribution of all of the common membership interests of GSD to the Company’s shareholders in the Special Dividend, the Company has been managing GSD pursuant to the terms of GSD’s limited liability company agreement (the “GSD Agreement”). The GSD Agreement provides that the Company has sole and absolute discretion regarding the management and affairs of GSD. In its capacity as GSD’s managing member, the Company has unilateral authority, without seeking GSD shareholder approval, over the management of the real estate assets, including leasing and sale of its real estate holdings and the execution of any agency and brokerage agreements to facilitate such leases and sales, investing in its real estate holdings through capital improvements and proceeding strategically with seeking to maximize the value of the undeveloped Flowerfield property. Under GSD’s limited liability company agreement, the Company is entitled to market-rate compensation for its services as well as reimbursement for any costs and expenses incurred by and properly allocable to GSD. In April 2014, the Company’s board of directors approved a cost-plus based management fee to be charged to GSD (see footnote 4 for additional detail on the methodology of the cost plus mark-up), which percentage falls in the lower quartile of similar fees charged by comparable companies according to a benchmarking study. Pursuant to the GSD LLC agreement, the Company was obligated to provide an initial liquidity facility to GSD in an amount not to exceed $2.5 million, which amount the Company may determine from time to time. During the third quarter of 2014, the board of directors authorized an increase in the revolving line of credit to $3.5 million. The interest on the debt facilities payable by GSD to the Company is REIT qualified income. The foregoing income earned by the Company for managing GSD is not deemed to be REIT qualified income and therefore is appropriately payable to its taxable REIT subsidiary, Flowerfield Properties, Inc.		The Company believes it has qualified, and expects to continue to qualify as a REIT under Section 856(c) (1) of the Internal Revenue Code of 1986 as amended (the “Code”). Accordingly, the Company generally will not be subject to federal and state income tax, provided that distributions to its shareholders equal at least 90% of its REIT taxable income as defined under the Code. The Company is permitted to participate in certain activities from which it was previously precluded in order to maintain its qualifications as a REIT; however these activities must be conducted in an entity which elected to be treated as a taxable REIT subsidiary (“TRS”) under the Code. The Company has one taxable REIT subsidiary which is subject to federal and state income tax on the income from these activities.
	The Company, through its managing member control of GSD (albeit with no ownership interest) controls two medical office parks and ten of fourteen buildings in a third medical park, together comprising approximately 131,000 rentable square feet and a multitenant industrial park comprising approximately 130,000 rentable square feet. In addition, the Company, through the same managing member control, maintains approximately 68 acres of property in St. James, New York.		The Company conducts its operations either directly or indirectly through (1) property owned subsidiaries and lender subsidiaries, or (2) Flowerfield Properties, Inc. a wholly-owned TRS. Property owner subsidiaries are landlords leasing properties in which the Company has a managing member control but no ownership interest, and lender subsidiaries are lenders loaning funds where the Company made an investment in a loan asset, but in all cases these subsidiaries are separate and distinct legal entities. GSD is a property owner subsidiary in which the Company is the sole managing member with managerial authority and investment/ disposition authority. Flowerfield Mortgage Inc. (“FMI”) is a lender subsidiary wholly-owned by the Company with three loan assets secured by property held in the property owner subsidiaries.
	The Company believes it has qualified, and expects to continue to qualify, as a REIT under Section 856(c) (1) of the Internal Revenue Code of 1986 as amended (the “Code”). Accordingly, the Company generally will not be subject to federal and state income tax, provided that distributions to its shareholders equal at least 90% of its REIT taxable income as defined under the Code. The Company is permitted to participate in certain activities from which it was previously precluded in order to maintain its qualifications as a REIT. However, these activities must be conducted in an entity which elected to be treated as a taxable REIT subsidiary (“TRS”) under the Code. The Company has one taxable REIT subsidiary which is subject to federal and state income tax on the income from these activities.
	The Company conducts its operations either directly or indirectly through (1) property owning subsidiaries and lender subsidiaries, or (2) Flowerfield Properties, Inc. a wholly owned TRS. Property owner subsidiaries are landlords leasing properties in which the Company has a managing member control but no ownership interest, and lender subsidiaries are lenders loaning funds where the Company made an investment in a loan asset, but in all cases these subsidiaries are separate and distinct legal entities. The Company is the sole managing member of GSD with managerial authority and investment/disposition authority. Flowerfield Mortgage Inc. (“FMI”) is a lender subsidiary wholly owned by the Company with three loan assets secured by property held in the property owner subsidiaries.
	On October 21, 2013, the Company filed a preliminary proxy statement with the Securities and Exchange Commission (“SEC”) which contains, among other matters, the Board’s recommendation that the shareholders vote in favor of a plan of merger. The Company received comments from the SEC on November 18, 2013. Consequently, the Company proceeded with holding its 2013 annual meeting without seeking authorization for the merger transaction at that time because of NASDAQ rules requiring listed companies to hold an annual meeting not later than twelve months following the fiscal year end. On May 8, 2014, the Company responded to such comments and filed a revised preliminary proxy statement with the SEC. The Company received comments from the SEC on May 29, 2014 and responded to such comments and filed a revised proxy statement (Amendment No. 2) with the SEC on June 17, 2014. The Company received comments from the SEC on June 24, 2014 and responded to such comments and filed a revised proxy statement (Amendment No. 3) with the SEC on June 26, 2014. The Company received comments from the SEC on June 26, 2014 and responded to such comments and filed a definitive proxy statement (Amendment No. 4) with the SEC on July 1, 2014. On June 5, 2014, the Company announced that a special meeting of shareholders of Gyrodyne Company of America, Inc., would be held at Flowerfield Celebrations, Mills Pond Road, Saint James, New York 11780 on August 14, 2014, at 11:00 a.m., Eastern Time. At the special meeting, the Company was asking the shareholders of record on June 30, 2014 to authorize a plan of merger and the transactions contemplated thereby, including the merger of the Company and GSD with and into Gyrodyne, LLC, a subsidiary of the Company. Shareholders of record at the close of business on June 30, 2014, were entitled to vote at the special meeting or its adjournment or postponement, if any, provided such meeting takes place by August 30, 2014. On August 25, 2014, the Company announced the postponement of the special meeting. The Company rescheduled the special meeting to December 5, 2014 to allow additional time for shareholders to vote on the proposed merger and changed the shareholder record date to October 31, 2014. The Company has been advised by its proxy solicitor, MacKenzie Partners, that with approximately 45% of the outstanding shares voted thus far by delivery of proxy cards, approximately 97% of such shares represented by delivered proxy cards have been voted in favor of the merger.  Despite the overwhelming percentage of received votes in favor of the merger not enough shares have been voted to reach the two-thirds majority needed under New York law. Accordingly, on November 4, 2014, the Company announced a further postponement of the special meeting until the first half of 2015. The Company and its advisors will continue to analyze potential options in the best interests of the Company and its shareholders, which may include enhancements designed to facilitate the ability to complete the merger transaction.

Note_2_Summary_of_Significant_

Note 2 - Summary of Significant Accounting Policies	9 Months Ended		12 Months Ended
	Sep. 30, 2014		Dec. 31, 2013
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	2	Significant accounting policies:	2.     Summary of Significant Accounting Policies
	The below disclosures are in addition to the significant accounting policies disclosed on Form 10-K for the year ended December 31, 2013.		Principles of consolidation - The accompanying consolidated financial statements include the accounts of Gyrodyne Company of America, Inc. and all majority owned subsidiaries.
	Revenue recognition – Base rents from rental properties are recognized on a straight-line basis over the terms of the related leases. The excess of rents recognized over amounts contractually due, if any, are included in deferred rents receivable on the Company's balance sheets. Alternatively, rents received in advance of rents recognized, if any, are included in deferred rent liability on the Company’s balance sheet. Certain leases also provide for tenant reimbursements of common area maintenance, other operating expenses and real estate taxes all of which are reported in tenant reimbursements on the consolidated statements of operations. Ancillary and other property related income is recognized in the period earned.		The Company consolidates its wholly-owned subsidiaries, partnerships and joint ventures which it controls (i) through voting rights or similar rights or (ii) by means other than voting rights if the Company is the primary beneficiary of a variable interest entity ("VIE"). If an investment is determined to be a VIE, the Company performs an analysis to determine if the Company is the primary beneficiary of the VIE. GAAP requires a VIE to be consolidated by its primary beneficiary. The primary beneficiary is the party that has a controlling financial interest in an entity. In order for a party to have a controlling financial interest in an entity, it must have (1) the power to direct the activities of a VIE that most significantly impact the entity's economic performance and (2) the obligation to absorb losses or the right to receive benefits of an entity that could potentially be significant to the VIE.
	Gains on sales of real estate - Gains on sales of real estate are recognized based upon the specific timing of the sale as measured against various criteria related to the terms of the transactions and any continuing involvement associated with the properties. If the sales criteria are not met, the gain is deferred and the finance, installment or cost recovery method, as appropriate, is applied until the sales criteria are met. To the extent GSD sells a property and retains a partial ownership interest in the property, the Company recognizes gain to the extent of the third-party ownership interest.		The Company's consolidated VIE, GSD LLC, was determined to be a VIE primarily because the Company has the power to direct the activities of the VIE that most significantly impact the entity's economic performance and has the obligation to absorb losses or the right to receive benefits of the entity. The VIE owns all of the real estate that was previously owned by the Company prior to the distribution of ownership interests in GSD LLC. The VIE holds mortgage obligations payable to a wholly-owned subsidiary of the Company of $13,840,889 as of December 31, 2013. The fair value of the real estate net of its mortgage obligations and other direct liabilities was $30,685,000 on December 31, 2013. At December 31, 2013, the net book value of the assets and liabilities of GSD LLC is approximately $18,632,000. The VIE is essentially being managed and operated by the Company where the Company is the primary obligor for liabilities incurred on behalf of the VIE. As a result, the Company could be held liable for current and future obligations of the VIE, and in turn it would be the Company’s obligation to seek reimbursement from the VIE.
	Assets Held For Sale and Discontinued Operations- Assets and liabilities of properties that meet various held for sale criteria, including whether it is probable that a sale will occur within 12 months, are presented separately in the Consolidated Balance Sheets as “Assets held for Sale”, with assets and liabilities being separately stated. The operating results of these properties are reflected as discontinued operations in the Consolidated Statements of Operations. Properties classified as held for sale are carried at the lower of net carrying value or estimated fair value less costs to sell and depreciation and amortization are no longer recognized. Properties that do not meet the held for sale criteria are accounted for as operating properties.		Investments in affiliates in which the Company has the ability to exercise significant influence, but not control, are accounted for under the equity method. The Company did not have any such investments at December 31, 2013 and 2012. Investment interests in excess of 5% in limited partnerships are accounted for under the equity method. All consolidated subsidiaries are wholly owned. All inter-company balances and transactions have been eliminated. There were no investments accounted for under the equity method in 2013 and 2012.
			Rental real estate - Rental real estate assets, including land, buildings and improvements, furniture, fixtures and equipment, are stated at lower of cost or net realizable value, and reported net of accumulated depreciation and amortization. Tenant improvements, which are included in buildings and improvements, are also stated at cost. Expenditures for ordinary maintenance and repairs are expensed to operations as they are incurred. Renovations and or replacements, which improve or extend the life of the asset are capitalized and depreciated over their estimated useful lives. Tenant improvements that are unlikely to survive a change in tenants are amortized over the lesser of the estimated useful life of the asset or the lease term including any bargain renewals.
			Real estate held for development - Real estate held for development is stated at the lower of cost or net realizable value. In addition to land, land development and construction costs, real estate held for development includes legal, engineering and other related soft development costs, interest, real estate taxes, and related development and construction overhead costs which are capitalized during the development and construction period.
			Net realizable value represents estimates, based on management's present plans and intentions, of sale price less development and disposition cost, assuming that disposition occurs in the normal course of business.
			Long-lived assets - On an annual basis, or earlier when events and circumstances dictate, management assesses whether there are any indicators that the carrying value of the real estate properties may be impaired. A property's carrying value is impaired only if management's estimate of the aggregate future cash flows (undiscounted and without interest charges) to be generated by the property are less than the carrying value of the property. Such cash flows include factors such as expected future operating income, trends and prospects, as well as the effects of demand, competition and other factors. To the extent impairment occurs, the loss is measured as the excess of the carrying amount of the property over the estimated fair value of the property.
			The Company is required to make subjective assessments as to whether there are impairments in the carrying value of its real estate properties and other investments. Estimates are subjective and actual results could differ materially from such estimates. These assessments have a direct impact on the Company's net income, since an impairment charge results in an immediate negative adjustment to net income.
			Depreciation and amortization - Depreciation and amortization are provided on the straight-line method over the estimated useful lives of the assets, as follows:
			Buildings and improvements (years)	5	to	39
			Machinery and equipment (years)	3	to	20
			Tenant improvements that are unlikely to have a life beyond the tenant life are amortized over the lesser of the useful life of the asset or the tenant lease term including bargain renewals.
			Impairment of real estate investments- The Company assesses on a regular basis whether there are any indicators that the carrying value of real estate assets may be impaired. Potential indicators may include an increase in vacancy at a property, tenant reduction in utilization of a property, tenant financial instability and the potential sale of the property in the near future. An asset is determined to be impaired if the asset's carrying value is in excess of its estimated fair value. During the third quarter of 2013, the Company recognized aggregate impairment charges of $2,100,000 on real estate assets classified in continuing operations. The Company has explored the possible disposition of its medical properties and determined that the expected undiscounted cash flows based upon revised estimated holding periods of one of its real estate properties is below the current carrying value. Accordingly, the Company reduced the carrying value of the property to its estimated fair value.
			Revenue recognition – Base rents from rental properties are recognized on a straight-line basis over the terms of the related leases. The excess of rents recognized over amounts contractually due, if any, are included in deferred rents receivable on the Company's balance sheets. Alternatively, rents received in advance of rents recognized, if any, are included in deferred rent liability on the Company’s balance sheet. Certain leases also provide for tenant reimbursements of common area maintenance, other operating expenses and real estate taxes all of which are reported in tenant reimbursements on the consolidated statements of operations. Ancillary and other property related income is recognized in the period earned.
			Allowance for doubtful accounts – Rent receivable is carried at Net Realizable Value. Management makes estimates of the collectability of rents receivable. Management specifically analyzes receivables and historical bad debts, customer concentrations, customer credit-worthiness, current economic trends and changes in customer payment terms when evaluating the adequacy of the allowance for doubtful accounts.
			Investments - The Company has an estimated 9.32% limited partnership interest in Callery-Judge Grove, L.P. (the "Grove") that in 2013 sold its only property a 3700+ acre citrus grove in Palm Beach County, Florida. The Company is accounting for this investment under the equity method. The Company also follows applicable accounting guidance which addresses investments that do not have a readily determinable fair value.
			Investment in Marketable Securities - The Company determines the appropriate classification of securities at the time of purchase and reassesses the appropriateness of such classification at each reporting date. All marketable securities held by the Company have been classified as available-for-sale and, as a result, are stated at fair value, based on a pricing model that incorporates coupon type, prepayment speeds and the type of collateral backing the securities. Unrealized gains and losses on available-for-sale securities are recorded as a separate component of stockholders’ equity. Any realized gains and losses on the sale of securities, as determined on a first-in, first-out basis, will be included in the Consolidated Statements of Operations.
			The Company reviews its investments on a regular basis to evaluate whether or not each security has experienced an other-than-temporary decline in fair value. If it is believed that an other-than-temporary decline exists, the Company will write down the investment to fair market value and record the related write-down in the Consolidated Statements of Operations.
			Loans Receivable. Loans held for investment are intended to be held to maturity and, accordingly, are carried at cost, net of unamortized loan origination costs and fees, loan purchase discounts, and net of an allowance for loan losses when such loan is deemed to be impaired. Loan origination costs and fees and loan purchase discounts are amortized over the term of the loan. The Company considers a loan impaired when, based upon current information and events, it is probable that it will be unable to collect all amounts due for both principal and interest according to the contractual terms of the loan agreement. Significant judgments are required in determining whether impairment has occurred. The Company performs an impairment analysis by comparing either the present value of expected future cash flows discounted at the loan's effective interest rate, the loan's observable current market price or the fair value of the underlying collateral to the net carrying value of the loan, which may result in an allowance and corresponding loan loss charge. Interest income is recorded on a cash basis for impaired loans.
			Cash equivalents - The Company considers all highly liquid debt instruments purchased with maturities of three months or less to be cash equivalents.
			Income taxes - Effective May 1, 2006, the Company operates as a REIT for federal and state income tax purposes. As a REIT, the Company is generally not subject to income taxes. To maintain its REIT status, the Company is required to distribute at least 90% of its annual REIT taxable income, as defined by the Code, to its shareholders, among other requirements. If the Company fails to qualify as a REIT in any taxable year, the Company will be subject to federal and state income tax on its taxable income at regular corporate tax rates. Although the Company qualified for taxation as a REIT, the Company may be subject to certain state and local taxes on its income and property and Federal income and excise taxes on its undistributed income. The Company believes that it has met the REIT distribution and technical requirements for the years ended December 31, 2013, 2012 and 2011 and therefore, qualified as a REIT and was not subject to any federal and state income taxes. Management intends to continue to adhere to these requirements and maintain the Company’s REIT status.
			The Company’s investment in the Grove is held in a TRS, of the Company and is subject to federal and state income taxes. Taxable REIT subsidiaries perform non-customary services for tenants, hold assets that the Company cannot hold directly and generally may engage in any real estate or non-real estate related business. Accordingly, through the investment in the Grove, the Company is subject to corporate federal and state income taxes on the Company’s share of the Grove’s taxable income for the years ended December 31, 2013, 2012 and 2011.
			Deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities, and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse.
			The Company follows the guidance of FASB Accounting Standards Codification, Accounting for Uncertainty in Income Taxes. This guidance, among other things, creates a two-step approach for evaluating uncertain tax positions. Recognition (step one) occurs when an enterprise concludes that a tax position, based solely on its technical merits, is more-likely-than-not to be sustained upon examination. Measurement (step two) determines the amount of benefit that more-likely-than-not will be realized upon settlement. Derecognition of a tax position that was previously recognized would occur when a company subsequently determines that a tax position no longer meets the more-likely-than-not threshold of being sustained. This interpretation specifically prohibits the use of a valuation allowance as a substitute for derecognition of tax positions, and it has expanded disclosure requirements. The Company’s open tax years are 2010, 2011, and 2012.
			Deferred expenses - Deferred expenses consist primarily of debt and leasing costs. Debt costs are amortized using the straight line method which approximates the interest method over the term of the related debt instruments and deferred leasing costs are amortized over term of the related lease including bargain renewals.
			Use of estimates - The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The most significant assumptions and estimates relate to depreciable lives and the valuation of real estate.
			Purchase Accounting and Acquisition of Real Estate - The fair value of the real estate acquired including the impact of assumed debt, is allocated to the acquired tangible assets comprised of land, buildings and improvements and identifiable intangible assets and liabilities comprised of above-market and below-market leases, value of leases in place, tenant relationships, assumed debt and other assumed liabilities (example is environmental, legal, etc.), based on their relative fair values at the date of acquisition of each element.
			Fair Value Measurements – The Company follows the guidance of FASB Accounting Standards Codification, Fair Value Measurements and Disclosures to determine the fair value of financial and non-financial instruments. The guidance defines fair value, establishes a hierarchy framework for measuring fair value and expands disclosures related to the fair value. The guidance establishes a hierarchy breaking down observable and unobservable inputs into three levels: Level 1 – observable inputs in an active market on or around the measurement date, Level 2 – observable inputs that are based on prices not quoted on active markets but corroborated by market data and Level 3 – unobservable inputs utilized when no other data is available.
			Comprehensive income - The Company reports comprehensive income in accordance with the guidance of FASB Accounting Standards Codification, Reporting Comprehensive Income. This statement defines comprehensive (loss) income as the changes in equity of an enterprise except those resulting from stockholders’ transactions. Accordingly, comprehensive (loss) income includes certain changes in equity that are excluded from net (loss) income. The Company’s comprehensive (loss) income items include net (loss) income, the unrealized change in fair value of marketable securities, interest rate swaps and unrecognized actuarial pension gains (loss).
			New accounting pronouncements
			In July, 2012, the FASB issued ASU 2012-02, “Intangibles – Goodwill and Other (Topic). ASU 2012-02 amends the required annual impairment testing of indefinite-lived intangible assets by providing an entity an option to first assess qualitative factors to determine whether it is more likely than not that the fair value of the indefinite-lived asset is less than its carrying amount. If, after assessing the totality of events and circumstances, an entity determines it is not more likely than not that the fair value of the indefinite-lived asset is less than its carrying amount, then performing the two-step impairment test under Topic 350-30 is unnecessary. However, if an entity concludes otherwise, then it is required to perform the impairment testing under Topic 350-30-35-18F by calculating the fair value of the reporting unit and comparing the results with the carrying amount. If the fair value exceeds the carrying amount, then the entity must perform the second step test of measuring the amount of the impairment test under Topic 350-30-35-19. An entity has the option to bypass the qualitative assessment and proceed directly to the two step goodwill impairment test. Additionally, the entity has the option to resume with the qualitative testing in any subsequent period. The pronouncement is effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012 and early adoption is permitted. The Company’s adoption of the new standard did not have a material effect on the Company’s consolidated financial position or results of operations.
			In February 2013, the FASB issued ASU 2013-02, “Comprehensive Income (Topic 220), Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.” The amendments do not change the current requirements for reporting net income or other comprehensive income in financial statements. However, the amendments require an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of the net income but only if the amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required under U.S. GAAP that provide additional detail about those amounts. The pronouncement is effective for fiscal years and interim periods ending after December 15, 2012. The adoption of this pronouncement did not have a material effect on the Company’s consolidated financial position or results of operations.
			In July 2013, the FASB issued ASU 2013-11, “Income Taxes (Topic 740), Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists”. ASU 2013-11 amends the current guidance to eliminate the diversity in practice in the presentation of unrecognized tax benefits. An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. The pronouncement is effective prospectively for fiscal years and interim periods beginning after December 15, 2013, and retrospective application is permitted. The adoption of this pronouncement did not have a material effect on the Company’s consolidated financial position or results of operations.
			In April 2013, the FASB issued ASU 2013-07, “Presentation of Financial Statement (Topic 205), Liquidation Basis of Accounting.” The amendment requires an entity to prepare its financial statements using the liquidation basis of accounting when liquidation is imminent. Liquidation is imminent when the likelihood is remote that the entity will return from liquidation and either (a) a plan for liquidation is approved by the person or persons with the authority to make such a plan effective and the likelihood is remote that the plan execution of the plan will be blocked by other parties or (b) a plan for liquidation is being imposed by other forces. Financial statements prepared using the liquidation basis of accounting are required to present relevant information about an entity’s expected resources in liquidation by measuring and presenting assets at the amount of the expected cash proceeds from liquidation. The entity should include in its presentation of assets any item it had not previously recognized under U.S. GAAP but that it expects to either sell in liquidation or use in settling liabilities. An entity should recognize and measure liabilities in accordance with U.S. GAAP that otherwise applies to those liabilities. The entity is also required to accrue and separately present the costs that it expects to incur and the income that it expects to earn during the expected duration of the liquidation, including any costs associated with sale or settlement of those assets and liabilities. Additionally, the amendment requires disclosures about an entity’s plan for liquidation, the methods and significant assumptions used to measure assets and liabilities, the type and amount of costs and income accrued, and the expected duration of the liquidation process. The pronouncement is effective for entities that determine liquidation is imminent during annual reporting periods beginning after December 15, 2013 and interim reporting periods therein, early adoption is permitted. The adoption of this pronouncement did not have a material effect on the Company’s consolidated financial position and results of operations including changing theCompany’s financial reporting to a “Consolidated Statement of Net Assets” and a “Consolidated Statement of Changes in Net Assets.”
			Reclassifications- Certain reclassifications have been made to the consolidated financial statements for the year ended December 31, 2012 and 2011 to conform to the classifications used in the current year.

Note_3_Earnings_per_Share

Note 3 - Earnings per Share	9 Months Ended							12 Months Ended
	Sep. 30, 2014							Dec. 31, 2013
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	10	Earnings per Share:						3.     Earnings per Share:
	Basic earnings per common share are computed by dividing net income (loss), attributable to Gyrodyne, by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share give effect to stock options and warrants which are considered to be dilutive common stock equivalents. Treasury shares have been excluded from the weighted average number of shares. The Company does not have any outstanding common stock equivalents as of September 30, 2014, and 2013.							Basic earnings per common share are computed by dividing net income (loss), attributable to Gyrodyne, by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share give effect to stock options and warrants which are considered to be dilutive common stock equivalents. The Company has no common stock equivalents. Treasury shares have been excluded from the weighted average number of shares. The Company does not have any outstanding common stock equivalents as of December 31, 2013, 2012 and 2011.
			Nine Months Ended September 30,					During the third quarter ended September 30, 2011, the Company filed a registration statement on Form S-3 with the Securities and Exchange Commission to register a number of shares of the Company’s common stock to be offered in a rights offering by the Company to its shareholders with gross proceeds (if all rights are exercised) of $9,210,000 or $10,210,000 if an over-allotment option is exercised. The Company received subscriptions for approximately 294,685 shares, greatly exceeding the maximum shares offered of 173,305, and the Company elected to exercise its overallotment option to issue an additional 19,336 shares to satisfy over-subscription requests. Shareholders were allocated 100% of their basic subscriptions. The rights offering resulted in 192,641 common shares issued, and net proceeds (after expenses) of $9,961,476.
	BASIC		2014			2013
	Net (loss) income attributable to Gyrodyne:								Years Ended December 31,
	Continuing operations		$	(61,622	)	$	47,380,476	BASIC	2013		2012		2011
	Discontinued operations			-			-	Net income (loss) attributable to Gyrodyne	$	46,063,206	$	99,048,253	$	(1,124,665	)
	Net (loss) income attributable to Gyrodyne			(61,622	)		47,380,476	Weighted average number of common shares outstanding		1,482,680		1,482,680		1,340,706
	Weighted average number of common shares outstanding			1,482,680			1,482,680	Net Income (loss) per common share attributable to Gyrodyne (“EPS”)	$	31.07	$	66.8	$	(0.84	)
	Net (loss) income per common share attributable to Gyrodyne (“EPS”):
	Continuing operations		$	(0.04	)	$	31.96
	Discontinued operations			-			-
	Net (loss) income per common share attributable to Gyrodyne (“EPS”)		$	(0.04	)	$	31.96

Note_4_Investment_in_Marketabl

Note 4 - Investment in Marketable Securities	9 Months Ended								12 Months Ended
	Sep. 30, 2014								Dec. 31, 2013
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	7	Investment in Marketable Securities:							4.    Investment in Marketable Securities
	The Company determines the appropriate classification of securities at the time of purchase and reassesses the appropriateness of such classification at each reporting date. All marketable securities held by the Company have been classified as available-for-sale and, as a result, are stated at fair value, based on a pricing model that incorporates coupon type, prepayment speeds and the type of collateral backing the securities. Unrealized gains and losses on available-for-sale securities are recorded as a separate component of stockholders’ equity. Any realized gains and losses on the sale of securities, as determined on a first-in, first-out basis, will be included in the Consolidated Statements of Operations.								The Company determines the appropriate classification of securities at the time of purchase and reassesses the appropriateness of such classification at each reporting date. All marketable securities held by the Company have been classified as available-for-sale and, as a result, are stated at fair value, based on a pricing model that incorporates coupon type, prepayment speeds and the type of collateral backing the securities. Unrealized gains and losses on available-for-sale securities are recorded as a separate component of stockholders’ equity. Any realized gains and losses on the sale of securities, as determined on a first-in, first-out basis, will be included in the Consolidated Statements of Operations.
	The Company reviews its investments on a regular basis to evaluate whether or not each security has experienced an other-than-temporary decline in fair value. If it is believed that an other-than-temporary decline exists, the Company will write down the investment to market value and record the related write-down in the Consolidated Statements of Operations.								The Company reviews its investments on a regular basis to evaluate whether or not each security has experienced an other-than-temporary decline in fair value. If it is believed that an other-than-temporary decline exists, the Company will write down the investment to market value and record the related write-down in the Consolidated Statements of Operations.
	The historical cost and estimated fair value of investments in marketable securities available for sale as of September 30, 2014 and December 31, 2013 are as follows:								The historical cost and estimated fair value of investments in marketable securities available for sale as of December 31, 2013 and 2012 are as follows:
			30-Sep-14			31-Dec-13
	Amortized cost		$	6,137,249		$	3,446,037
	Gross Unrealized Losses			(65,743	)		(65,173	)	Mortgage-backed securities	2013			2012
	Fair Value*		$	6,071,506		$	3,380,864		Amortized Cost	$	3,446,037		$	4,442,185
									Gross Unrealized Gains (losses)		(65,173	)		74,287
	*The Company received $447,731 in principal repayments during the nine months ended September 30, 2014								Fair Value*	$	3,380,864		$	4,516,472
	The Company’s investment is in conforming agency fixed rate mortgage pass through securities (“mortgage-backed securities)”, each of which contained either AA or AAA ratings, the principal of which is fully guaranteed by agencies of the U.S. Government. At September 30, 2014 and December 31, 2013, marketable securities based on amortized cost, reflect a yield of approximately 2%, have contractual maturities of 15 or 30 years and an adjusted duration of less than four years. The fair value of mortgage-backed securities was estimated based on a Level 2 methodology, additional details of which are discussed further in Note 18 – Fair Value of Financial Instruments. None of the securities with an unrealized loss at September 30, 2014 is considered to be other-than-temporarily impaired; therefore the unrealized loss was reported in the Consolidated Statement of Comprehensive Income (Loss).								*The Company received $996,148 and $890,470 in principal repayments during the years ended December 31, 2013 and 2012, respectively
									The Company’s investment is in conforming agency fixed rate mortgage pass through securities (“mortgage-backed securities)”, each of which contained either AA or AAA ratings, the principal of which is fully guaranteed by agencies of the U.S. Government. At December 31, 2013 and December 31, 2012, marketable securities based on amortized cost, reflect a yield of approximately 2%, have contractual maturities of 30 years and an adjusted duration of less than four years. The fair value of mortgage-backed securities was estimated based on a Level 2 methodology, additional details of which are discussed further in Note 14 – Fair Value of Financial Instruments. None of the securities with an unrealized loss at December 31, 2013 is considered to be other-than-temporarily impaired; therefore the unrealized loss was reported in the Consolidated Statement of Comprehensive Income (Loss).

Note_5_Investment_in_Grove_Par

Note 5 - Investment in Grove Partnership	12 Months Ended
	Dec. 31, 2013
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments and Joint Ventures Disclosure [Text Block]	5.   Investment in Grove Partnership
	The Company has maintained an interest in the Grove, which originally represented a 20% limited partnership interest in the Grove. The Grove owns a 3,700+ acre citrus grove located in Palm Beach County, Florida (the “Grove Property”), which is the subject of a plan for mixed-use development. Based on four subsequent capital raises through 2009, each of which the Company chose not to participate in, the Company’s share was diluted to approximately 9.99% as of December 31, 2010, and has since been diluted to 9.32%. On March 18, 2011, the Grove’s lender, Prudential Industrial Properties, LLC ("Prudential"), commenced a foreclosure action against the Grove by filing a complaint in the Circuit Court of Palm Beach County to foreclose upon the Grove property, alleging that the Grove has defaulted on its loan from Prudential and that the Grove is indebted to Prudential in the amount of over $37 million in principal and over $8 million in interest and fees. On September 19, 2013, the Grove was sold, the foreclosure lawsuit was dismissed and Grove’s debt to Prudential was repaid. At December 31, 2013 and 2012, the investment is held in a taxable REIT subsidiary of the Company with $0 value and the Company has a $1,315,000 deferred tax liability related to the Grove, which represents taxable losses not yet recorded pursuant to the equity method of accounting. The Company did not receive any distribution in connection with the sale. Under the agreement with the purchaser, Grove may receive certain additional payments if certain development benchmarks are achieved by the purchaser. The Company cannot predict whether these benchmarks will be achieved or as to the timing or amount of any further distributions by Grove. The Company does anticipate it will be required to recognize its deferred tax liability during 2014.

Note_6_Accrued_Liabilities

Note 6 - Accrued Liabilities	12 Months Ended
	Dec. 31, 2013
Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]
Other Liabilities Disclosure [Text Block]	6.     Accrued Liabilities
	Accrued liabilities at December 31, 2013 and 2012 are as follows:
		December 31,
		2013		2012
	Payroll and related taxes	$	137,389	$	108,931
	Professional fees		112,228		142,856
	Directors fees under the ICP		2,850,199		19,500
	Other		146,587		6,695
	Total	$	3,246,403	$	277,982

Note_7_Mortgage_Loans_Payable

Note 7 - Mortgage Loans Payable	12 Months Ended
	Dec. 31, 2013
Mortgage Loans on Real Estate [Abstract]
Mortgage Loans on Real Estate, by Loan Disclosure [Text Block]	7.    Mortgage Loans Payable
	Mortgage and loans payable are comprised of the following:
		31-Dec-13		31-Dec-12
	Mortgage payable – Port Jefferson Professional Park (a)	$	-	$	5,013,415
		$	-	$	5,013,415
	The detailed terms of the below mortgages reflect the mortgages between FMI and GSD LLC during 2013 and are eliminated in consolidation as of and for the year ended December 31, 2013:
	(a) In June 2007, in connection with the purchase of the Port Jefferson Professional Park, the Company assumed a $5,551,191 mortgage payable to a bank (the “Port Jefferson Mortgage”). The Port Jefferson Mortgage bears interest at 5.75% through February 1, 2012. Effective January 17, 2012, the Company negotiated an interest rate modification from 5.75% to 5% for the 5 year period February 1, 2012 through February 1, 2017 and adjusts to the higher of 5.75% or 275 basis points in excess of the Federal Home Loan Bank’s five year Fixed Rate Advance (“Fixed Rate Advance”) thereafter. The Port Jefferson Mortgage is payable in monthly installments of principal and interest totaling $33,439 through February 2012. From March 1, 2012 through February 1, 2022, the minimum monthly installment will be no less than $31,086 and will vary based upon the Fixed Rate Advance. The Port Jefferson Mortgage is collateralized by the Port Jefferson Professional Park in Port Jefferson Station, New York. The Port Jefferson Mortgage was prepaid in full in January 2013 through an assumption by a subsidiary of the Company and was subject to a prepayment penalty of $200,129.
	In June 2008, in connection with the purchase of the Cortlandt Medical Center in Cortlandt Manor, New York, the Company borrowed $5,250,000 from a bank (the “Cortlandt Mortgage”). The Cortlandt Mortgage originally bore interest at a per annum rate of 225 basis points above the one month LIBOR rate (4.71% at inception) through July 1, 2018, subject to monthly adjustment. The Cortlandt Mortgage is payable in monthly installments with a fixed principal payment of $17,500 plus interest, through June 1, 2018, when, a balloon payment is due of approximately $3,168,000. The Cortlandt Mortgage is collateralized by the Cortlandt Medical Center. As part of the terms and conditions of the Cortlandt Mortgage, reacting to an increase in the LIBOR rate, the Company exercised an option to enter into an interest rate swap agreement in November 2008 with the bank holding the mortgage, thereby fixing the interest rate at 5.66% through November 1, 2011. Following the expiration of the Interest Rate Swap Agreement, the Cortlandt Mortgage interest rate became variable and floating based on the one month Libor rate plus 225 basis points, which equates to approximately 2.5% at December 31, 2011. The Cortlandt Mortgage was prepaid in full in November 2012 through an assumption by a subsidiary of the Company without any prepayment penalties.
	In March 2009, in connection with the purchase of the Fairfax Medical Center in Fairfax, Virginia, by Virginia Healthcare Center, LLC (“VHC”), a wholly-owned subsidiary of the Company, VHC borrowed $8,000,000 from a bank (the “Fairfax Mortgage”). The Fairfax Mortgage bears interest at 5.875% through April 10, 2014 and thereafter adjusts to the highest of 5.50% or 300 basis points over the weekly average yield on five-year United States Treasury securities. The Fairfax Mortgage is collateralized by a Deed of Trust and Security Agreement establishing a first trust lien upon the land, buildings and improvements as well as a Collateral Assignment of Leases and Rents and was due to mature on April 10, 2019. The payment of the indebtedness evidenced by the Fairfax Mortgage and the performance by VHC of its obligations thereunder have been guaranteed by the Company. The Fairfax Mortgage was prepaid in full in December 2012, through an assumption by a subsidiary of the Company, inclusive of prepayment penalties of $133,401.
	Mortgage loan related interest expense for the years ended December 31, 2013, 2012 and 2011 approximated $ 5,000, $963,000 and $1,194,000, respectively.

Note_8_Income_Taxes

Note 8 - Income Taxes	9 Months Ended								12 Months Ended
	Sep. 30, 2014								Dec. 31, 2013
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	11	Income Taxes:							8.     Income Taxes
	The Company files a consolidated U.S. Federal Tax Return that includes all 100% owned subsidiaries. State tax returns are filed on a consolidated or separate basis depending on the applicable laws. The Company files a separate US Federal Tax Return for Gyrodyne Special Distribution LLC.								The Company files federal and state income tax returns that include all 100% owned nontaxable REIT subsidiaries. The Company files separate state income tax returns for its TRS. The tax provision for income taxes is comprised of the following:
	Deferred income tax assets and liabilities are determined based on differences between financial reporting and tax basis of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse.									Years Ended December 31,
										2013			2012			2011
	Deferred income tax liabilities consist of the following:								Current:
									Federal	$	95,558		$	-		$	-
			September 30,			December 31,			State		-			-			-
			2014			2013				$	95,558		$	-		$	-
									Deferred:
									Federal	$	(53,505,000	)	$	53,505,000		$	-
	Deferred Tax Liabilities:								State		(8,144,000	)		8,144,000			-
	Unrealized gain on investment in Citrus Grove		$	(1,315,000	)	$	(1,315,000	)		$	(61,649,000	)	$	61,649,000		$	-
	Net Deferred Income Taxes		$	(1,315,000	)	$	(1,315,000	)
									Deferred income tax liabilities consist of the following
	The Company is taxed as a REIT for federal and state income tax purposes under section 856(c)(1) of the Internal Revenue Code (the “Code”). As long as the Company qualifies for taxation as a REIT, it generally will not be subject to federal and state income tax, with the exception of its taxable REIT subsidiary which is subject to both federal and state income tax. If the Company fails to qualify as a REIT in any taxable year, it will be subject to federal and state income tax on its taxable income at regular corporate rates. Unless entitled to relief under specific statutory provisions, the Company will also be disqualified for taxation as a REIT for the four taxable years following the year in which it loses its qualification. Even if the Company qualifies as a REIT, it may be subject to certain state and local taxes on its income and property and to federal income and excise taxes on its undistributed income.
										December 31,
										2013			2012
									Deferred Tax Liabilities:
									Gain on condemnation	$	-		$	(61,649,000	)
									Unrealized gain on investment in Citrus Grove		(1,315,000	)		(1,315,000	)
									Net Deferred Income Taxes	$	(1,315,000	)	$	(62,964,000	)
									At December 31, 2012, the Company recorded deferred income tax expense of $61,649,000, which includes a federal net built-in-gains tax of $34,057,000 assessed on the real estate portion of the condemnation proceeds related to the converted Flowerfield property pursuant to Internal Revenue Code Section 1374. This Section assesses a corporate level tax, measured at the time the Company converted to a REIT, on the built-in-gain on the Flowerfield property at the time of conversion. The remaining expense relates to a corporate level income tax on the undistributed profits of the Company.
									In accordance with Section 1033 of the Internal Revenue Code, the Company had deferred recognition of the gain on the proceeds received from litigation following condemnation of its real property for income tax purposes. During the quarter ended September 30, 2012, the Company applied for and received an additional approved IRS extension of time to replace the condemned property with like-kind property by April 30, 2014. The previous deadline was April 30, 2013. If the Company replaced the condemned property with like- kind property by April 30, 2014 (or such extended period approved by the Internal Revenue Service at its discretion), recognition of the gain would be deferred until the newly acquired property is disposed of. Under the tax laws at the time, pending a replacement property acquisition, the Company had recorded a provision for income taxes of $61,649,000 resulting from the condemnation award. The provision for income taxes is a direct result of the gain on condemnation of the Company’s real property.
									Following a change in tax law in January 2013, retroactive to January 2012, reducing the recognition period for REIT owned property applicable for the 2012 taxable year to five years, the Company applied for a private letter ruling from the IRS in March 2013 and ultimately received a favorable ruling on August 28, 2013 (the “PLR”). The PLR concludes that the Company’s receipt of the additional damages in July 2012 in connection with the judgment in the Company’s favor in its condemnation litigation with the State of New York (the “2012 Proceeds”) occurred outside of the applicable recognition period for 2012, and therefore permits the Company to distribute, by means of a dividend such as the Special Dividend described below, the gains realized from its receipt of the 2012 Proceeds, subject to a 4% excise tax, in order to avoid incurring the corporate level tax.
									On September 13, 2013, the Board declared the Special Dividend, in the amount of $98,685,000, or $66.56 per share, of which approximately $68,000,000, or $45.86 per share, was paid in cash. The balance of the Special Dividend was paid in the form of equity ownership interests in GSD LLC.
									At December 31, 2013, the Company recorded a deferred income tax benefit of for the reversal of the prior year deferred taxes of $61,649,000 offset by alternative minimum taxes of $95,558.
									The Company is taxed as a REIT for federal and state income tax purposes under section 856(c)(1) of the Internal Revenue Code (the “Code”). As long as the Company qualifies for taxation as a REIT, it generally will not be subject to federal and state income tax. If the Company fails to qualify as a REIT in any taxable year, it will be subject to federal and state income tax on its taxable income at regular corporate rates. Unless entitled to relief under specific statutory provisions, the Company will also be disqualified for taxation as a REIT for the four taxable years following the year in which it loses its qualification. Even if the Company qualifies as a REIT, it may be subject to certain state and local taxes on its income and property and to federal income and excise taxes on its undistributed income.
									A reconciliation of the federal statutory rate to the Company’s effective tax rate is as follows:
										Year Ended December 31,
										2013			2012			2011
									U.S. Federal Statutory Income Rate		-			-			-
									State Income Tax, net of federal tax benefits		-			-			-
									Deferred Taxes Resulting from REIT Election and Pending Reinvestment of Condemnation Proceeds		-	%*		38.4	%		-	%
									Differences Related to Investment in Citrus Grove		-	%		-	%		-	%
											-	%		38.4	%		-	%
									* The company has no effective tax rate as it incurred alternative minimum taxes but has a book loss and has not recorded a deferred tax asset for the alternative minimum tax.

Note_9_Retirement_Plans

Note 9 - Retirement Plans	9 Months Ended														12 Months Ended
	Sep. 30, 2014														Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	12	Retirement Plans:													9.    Retirement Plans
	On November 25, 2013 the Company’s Board voted to terminate the noncontributory defined benefit pension plan (the “Plan”), subject to regulatory approval, and has begun the process of termination. On February 28, 2014, the Company submitted the necessary application and related documents to the IRS and to the Pension Benefit Guarantee Corporation (“PBGC”) in August 2014. Both the PBGC and the IRS must approve the termination. The Company expects to receive the approval from the PBGC and the IRS in the fourth quarter of 2014.														The Company has a noncontributory defined benefit pension plan (the “Plan”) covering substantially all of its employees. The benefits are based on annual average earnings for the highest sixty (60) months (whether or not continuous) immediately preceding the participant's termination date. Annual contributions to the Plan are at least equal to the minimum amount, if any, required by the Employee Retirement Income Security Act of 1974 but no greater than the maximum amount that can be deducted for federal and state income tax purposes. Contributions are intended to provide not only for benefits attributed to service to date but also those expected to be earned in the future. During 2013, 2012 and 2011, the Company was not required and did not make any contributions to the Plan.
	As a result of the Board’s vote to terminate the pension plan, on February 28, 2014 the non-vested benefits became fully vested, and the effects of future contribution levels will cease to be an obligation. The Pension plan has an accumulated net unrecognized gain. Any gain (loss) from termination will be added to (netted against) the unrecognized pension gain and recognized in the financial statements.														On November 25, 2013 the Company decided to terminate the Plan, subject to regulatory approval, and has begun the process, accordingly. On February 28, 2014, the Company submitted the necessary application and related documents to the IRS and is expecting to submit documentation to the Pension Benefit Guarantee Corporation (“PBGC”) in July 2014. Both the PBGC and the IRS must approve the termination. The Company expects to receive the approval from the PBGC and the IRS in the second half of 2014.
	The Plan contains two options for employees and beneficiaries to choose from upon termination of the Plan; Annuity or Lump Sum. The below pension asset reflects an annuity obligation where assets will exceed the obligations.														Upon termination of the plan, non-vested benefits will become fully vested, and the effects of future contribution levels will cease to be an obligation. The Pension plan has an accumulated net unrecognized gain. Any gain (loss) from termination will be added to (netted against) the unrecognized pension gain and recognized in the financial statements.
	The following table provides the components of net periodic pension benefit cost for the Plan for the three and nine months ended September 30, 2014 and 2013 including the required and expected contributions:														The Plan contains two options for employees and beneficiaries to choose from upon termination of the plan; annuity or lump sum. The below pension asset reflects an annuity obligation where assets will exceed the obligations. The Company estimates up to approximately $200,000 in underfunded obligations based on the lump sum computations utilizing current interest rates.
			Nine Months Ended						Three Months Ended						The following tables provide a reconciliation of the changes in the Plan's benefit obligations and fair value of assets over years ended December 31, 2013, 2012 and 2011 and a statement of the funded status as of December 31, 2013, 2012 and 2011:
			September 30,						September 30,
			2014			2013			2014			2013				December 31,
	Pension Benefits															2013			2012			2011
	Service Cost		$	139,280		$	195,775		$	46,427		$	65,258		Pension Benefits
	Interest Cost			137,126			188,726			45,708			62,909		Reconciliation of Benefit Obligation:
	Expected Return on Plan Assets			(270,932	)		(244,639	)		(90,310	)		(81,546	)	Obligation	$	4,625,576		$	3,820,407		$	3,111,154
	Amortization of prior service costs			16,932			16,932			5,644			5,644		Service cost		261,033			182,848			155,831
	Amortization of Actuarial Loss			-			107,648			-			35,883		Interest cost		251,634			180,173			172,147
	Net Periodic Pension Benefit Cost After Curtailments and Settlements		$	22,406		$	264,442		$	7,469		$	88,148		Actuarial (gain)loss		(1,080,104	)		1,475,649			225,968
	Minimum required contribution		$	-		$	-		$	-		$	-		Benefit payments		(98,212	)		(1,033,501	)		(120,567	)
	Expected contribution		$	-		$	-		$	-		$	-		Amendments		-			-			275,874
															Obligation	$	3,959,927		$	4,625,576		$	3,820,407
	During the three and nine-months ended September 30, 2014 and 2013, the Company did not make any contribution to the Plan. The Company does not have a minimum required contribution for the December 31, 2014 plan year. As a result of the termination of the pension plan, the Company may have to make a contribution of up to approximately $1,600,000 to satisfy the lump sum payment options and to purchase annuities.
															Reconciliation at Fair Value of Plan Assets:
															Fair value of plan assets, beginning of year	$	4,132,920		$	4,885,250		$	4,131,332
															Actual return on plan assets		534,026			281,171			874,485
															Actual Contributions		-			-			-
															Benefit payments		(98,212	)		1,033,501			(120,567	)
															Fair Value of Plan Assets, end of year	$	4,568,734		$	4,132,920		$	4,885,250
															Funded Status:
															Asset(liability)	$	608,807		$	(492,656	)	$	1,064,843
															Unrecognized (gain) loss		(183,962	)		1,270,090			(292,031	)
															Net Amount Recognized	$	424,845		$	777,434		$	772,812
															For the years ended December 31, 2013, 2012 and 2011, the actuarial pension (loss) gain recognized in other comprehensive income was $1,454,052, $(1,562,121), $69,046, respectively. At December 31, 2013, 2012 and 2011, accumulated unrecognized actuarial pension (gains)/ losses of $(183,962), $1,270,090 and $(292,031) have not yet been recognized as a component of net periodic pension benefit cost. The Company expects approximately $30,000 of the amounts in accumulated other comprehensive income will be recognized as components of net periodic benefit income during 2014.
															The accumulated benefit obligation was $3,959,927, $4,625,576 and $3,820,407 as of December 31, 2013, 2012 and 2011, respectively.
															The following table provides the components of net periodic benefit cost for the plans for the years ended December 31, 2013, 2012 and 2011 :
																December 31,
																2013			2012			2011
															Pension Benefits
															Service Cost	$	261,033		$	182,848		$	155,831
															Interest Cost		251,634			180,173			172,147
															Expected Return on Plan Assets		(326,186	)		(386,056	)		(324,970	)
															Amortization of prior service cost		22,576			22,576			22,576
															Amortization of Actuarial Loss		143,532			(4,163	)		(1,203	)
															Net Periodic Benefit Cost After Curtailments and Settlements	$	352,589		$	(4,622	)	$	24,381
																December 31,
																2013			2012			2011
															Pension Benefits
															Weighted-Average Assumptions
															Discount rate		4.68	%		4.31	%		4.78	%
															Expected return on plan assets		8	%		8	%		8	%
															Rate of compensation increase		3	%		3	%		3	%
															The Plan’s investment objectives are expected to be achieved through a portfolio mix of Company stock, other investments, and cash and cash equivalents which reflect the Plan’s desire for investment return.  The Plan had the following asset allocations as of their respective measurement dates:
																December 31,
																2013			2012
															Common Stock – Gyrodyne Company of America, Inc.		9.5	%		59.9	%
															Gyrodyne Special Distribution, LLC		15.6	%
															Gyrodyne Company of America – dividend notes		8.2	%
															Fixed Income Funds		17.5	%		17.7	%
															Other Funds		49.2	%		22.4	%
															Total		100	%		100	%
															As of December 31, 2013	Quoted Prices In An Active Market			Values Based			Total
																(Level 1)			On A Level 3
																			Methodology
															Common Stock – Gyrodyne Company of America, Inc. (shares of 34,325)	$	436,271		$	-		$	436,271
															Gyrodyne Special Distribution LLC (34,325 units)					710,528			710,528
															Gyrodyne dividend notes					373,799			373,799
															Taxable Fixed Income Funds		800,153						800,153
														Corporate/Foreign Bonds		452,875						452,875
														US Government Agency		195,010						195,010
														Money Market Funds		1,595,818						1,595,818
														Accrued Income		4,280						4,280
														Total	$	3,484,407		$	1,084,327		$	4,568,734
														The fair value of Gyrodyne dividend notes and the investment interest in Gyrodyne special Distribution LLC are estimated based on a Level 3 methodology, additional details of which are discussed further in Note 14 - Fair Value of Financial Instruments.
														The dividend notes were valued using a level 3 methodology as the value is based on the risk of forfeiture and the terms including applicable interest rate, payment terms and maturity date. The Company has the ability to repurchase the notes on a voluntary basis from one or more holders. The notes were declared in late December 2013, close to year end December 31, 2013. As such, there have been no changes in value, no changes in valuation techniques and inputs, no transfers in and out of level 3 and no other changes to the notes since the date they were declared.
														The investment in GSD, LLC is valued based the proportionate interest in its net underlying real estate value. Such values were based on either a comparable sales methodology and or discounted cash flow analysis, both of which are considered a Level 3 methodology. The Company has the ability to indirectly repurchase the ownership interests. The ownership interests in GSD, LLC were distributed in late December 2013, close to year end December 31, 2013. As such, there have been no changes in value, no changes in valuation techniques and inputs, no transfers in and out of level 3 and no other changes to the investment since the distribution date.
														Expected approximate future benefit payments are as follows:
														Years Ending December 31,	Amount
														2014	$	129,026
														2015		121,567
														2016		115,318
														2017		113,161
														2018		108,949
														2019 – 2023		965,862
															$	1,553,883

Note_10_Incentive_Compensation

Note 10 - Incentive Compensation Plan	9 Months Ended						12 Months Ended
	Sep. 30, 2014						Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	13	Incentive Compensation Plan:					10.  Incentive Compensation Plan
	Benefits under the Company’s Incentive Compensation Plan (the “ICP”) are realized upon either a Change-in-Control (as defined in the ICP) of the Company, or upon the issuance by the Company of an “Excess Dividend” (as defined in the ICP) following certain asset sales. The ICP provides that payments made in connection with an Excess Dividend may not exceed the hypothetical ICP payments that would have been made had there instead been a Change in Control transaction consummated on the dividend payment date. The ICP payments that would have been made had there been a Change in Control transaction consummated on December 30, 2013, the payment date of the $98,685,000 special dividend, were approximately $5,277,800. The ICP payments actually made in respect of the $68,000,000 cash portion of the special dividend totaled $5,044,600. Consequently, remaining ICP payments to be made in connection with the special dividend when and to the extent that GSD holders receive cash in respect of their GSD interests may not exceed $233,200 ($5,277,800 - $5,044,600).						The Company has an incentive compensation plan for eligible full-time employees and members of the Board in order to promote shareholder value. The Board approved amendments to the plan on February 2, 2010 which are set forth in an Amended and Restated Incentive Compensation Plan dated as of February 2, 2010 (as amended, the “Incentive Plan”). Full-time employees and members of the Board are eligible to participate, and rights of all participants vested immediately on February 2, 2010.
	Employees		Number of Units under Plan		Maximum Benefit relating to the 2013 Non-Cash Dividends		Benefits are realized upon either a change in control of the Company or upon the issuance by the Company of an “excess dividend” following certain asset sales. Change-in-control is defined as the accumulation by any person, entity or group of 30% or more of the combined voting power of the Company's voting stock or the occurrence of certain other specified events. In the event of a change in control, the Incentive Plan provides for a cash payment equal to the difference between the Incentive Plan's "establishment date" price of $15.39 per share, and the per share price of the Common Stock on the closing date equivalent to 100,000 shares of Common Stock, such number of shares subject to adjustments to reflect changes in capitalization. For any individual who becomes a participant with an effective date after December 31, 2009, the trading price of the Company’s Common Stock for the 10 trading days ending on the trading day prior to the date of participation will replace the price of $15.39 for the purpose of calculating benefits. The payment amount would be distributed to eligible participants based upon their respective weighted percentages (ranging from .5% to 18.5%). There are currently 110,000 units granted under the Incentive Plan equal to 110,000 shares of Common Stock, which reflects the amounts outstanding at year end for 2013, 2012 and 2011.
	COO			14,850	$	31,482
	Employees			4,400	$	9,328	Benefits are also realized if the Company receives proceeds from the disposition of assets during any twelve-month period in an aggregate dollar amount greater than or equal to 15% of the total gross fair market value of Company assets, and within twelve months following the last disposition the Company distributes to shareholders an amount that exceeds income from operations (an “Excess Dividend”). In such event, the Company will pay participants an aggregate amount equal to the Excess Dividend per share multiplied by the number of units in the Incentive Plan, currently 110,000 (the “Disposition Dividend”); provided that a Disposition Dividend may not exceed the aggregate amount of payments under the Incentive Plan that would have been paid had there been a change-in-control consummated on the date of the payment of the Disposition Dividend. This feature is intended to encourage management and the Board to consider asset dispositions followed by distributions of proceeds that are in the best interests of the Company’s shareholders but which would otherwise result in a reduction of potential benefits under the Incentive Plan.
	Directors			53,900	$	114,268
	Total ICP excluding termed employees and directors			73,150	$	155,078	In the event of death of a participant, the beneficiary of the participant in the Incentive Plan is entitled to a death benefit.
	Former CEO			20,350	$	43,142
	All other former employees			8,250	$	17,490	On September 13, 2013, the Board of Board of Directors declared a special dividend in the amount of $98,685,000 or $66.56/share of which $68,000,000 or $45.86 was paid in cash. The dividend was paid on December 30, 2013 to stockholders of record as of November 1, 2013. The declaration of the dividend also required cash payment to participants of the Company’s Incentive Compensation Plan in the aggregate amount of $5,044,600 to be allocated and paid to Plan participants in accordance with Plan rules. The allocation to Plan participants are below:
	Former director			8,250	$	17,490
	Total former Board members and former employees			36,850	$	78,122	PLAN PARTICPANTS	COMPENSATION		DIRECTOR FEES		Total
	Total maximum ICP to be paid			110,000	$	233,200	Board of Directors(1)	$	-	$	2,850,199	$	2,850,199
							Chief Operating Officer	$	681,021		-	$	681,021
							Former Chief Executive Officer	$	933,251		-	$	933,251
							Chief Executive Officer		-		-		-
							Chief Financial Officer		-		-		-
							Other Employees(2)	$	580,129		-	$	580,129
							Total	$	2,194,401	$	2,850,199	$	5,044,600
							(1) $378,345 of the $2,850,199 relate to a former Director who resigned in September 2013.
							(2) Approximately $378,345 of the $580,129 relate to 2012 employees who are no longer employees following the restructuring in early 2013.
							The remaining liability under the Incentive Plan, payable by the Company when and to the extent that GSD LLC holders receive cash in respect of their GSD interests, is estimated to be not more than $233,200 in the aggregate.
							On November 19, 2012, the Board of Directors declared a special cash dividend in the amount of $56,786,652 or $38.30/share. The dividend was payable on December 14, 2012 to stockholders of record as of December 1, 2012. The declaration of the dividend also required cash payment to participants of the Company’s Incentive Compensation Plan in the aggregate amount of $4,213,000 to be allocated and paid to Plan participants in accordance with Plan rules. The allocation to Plan participants are below:
							PLAN PARTICPANTS	COMPENSATION		DIRECTOR FEES		Total
							Board of Directors			$	2,380,345	$	2,380,345
							Chief Operating Officer	$	568,755				568,755
							Former Chief Executive Officer		779,405				779,405
							Chief Financial Officer		-				-
							Other Employees *		484,495				484,495
							Total	$	1,832,655	$	2,380,345	$	4,213,000
							*Approximately $315,975 of the $484,495 relate to 2012 employees which are no longer employees following the restructuring in early 2013.
							At December 31, 2012, there were no accrued liabilities under the Incentive Plan.
							As of December 31, 2013 the vested maximum benefit payable to individuals who are no longer employees or directors of the Company is as follows:
							Employees	Number of Shares under Plan		Maximum Benefit relating to the 2013 Non-Cash Dividends		Total Maximum Benefit
							Former CEO		20,350	$	43,142	$	259,870
							All other former employees		8,250	$	17,490	$	107,915
							Former director		8,250	$	17,490	$	105,728
							Total Maximum Benefit		36,850	$	78,122	$	473,513

Note_11_Credit_Quality_of_Rent

Note 11 - Credit Quality of Rents Receivable	12 Months Ended
	Dec. 31, 2013
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	11.  Credit Quality of Rents Receivable
	The Company’s standard lease terms include rent due on the first of the month. The Company credit terms extend a standard ten-day grace period across its tenant portfolio and in no event are credit terms extended beyond one year.
	The Company manages its billing and collection process internally to enable timely identification of collection issues. The controls and related processes enable the Company to timely identify and establish payment plans to minimizing material losses from defaults. During the years ended December 31, 2013, 2012 and 2011, the Company’s bad debt expense was $36,000, $24,000 and $21,000, respectively. The Company determines the adequacy of its allowance for bad debt through a combination of specific identification for those leases where collectability is at risk, to a general reserve for accounts receivable that are greater than 60 days past due.
	As of December 31, 2013 and 2012, respectively, the Company’s Allowance For Doubtful Accounts reflected the following activity:
	Allowance for Doubtful Accounts	31-Dec-13			31-Dec-12
	Beginning balance	$	67,000		$	103,000
	Bad debt expense		36,000			24,000
	Accounts receivable written off		(29,000	)		(60,000	)
	Ending Balance	$	74,000		$	67,000

Note_12_Concentration_of_Credi

Note 12 - Concentration of Credit Risk	9 Months Ended		12 Months Ended
	Sep. 30, 2014		Dec. 31, 2013
Note 12 - Concentration of Credit Risk [Line Items]
Concentration Risk Disclosure [Text Block]	15	Concentration of Credit Risk
		Financial instruments, which potentially subject the Company to concentrations of credit risk, consist principally of cash and cash equivalents and securities issued with the guarantee of U.S. Government Agencies. The Company places its temporary cash investments with high credit quality financial institutions and generally limits the amount of credit exposure in any one financial institution. The Company maintains bank account balances, which exceed insured limits. The Company has not experienced any losses in such accounts and believes that it is not exposed to any significant credit risk on cash. Management does not believe significant credit risk existed at September 30, 2014 and December 31, 2013.
Credit Concentration Risk [Member]
Note 12 - Concentration of Credit Risk [Line Items]
Concentration Risk Disclosure [Text Block]			12.  Concentration of Credit Risk
			Financial instruments, which potentially subject the Company to concentrations of credit risk, consist principally of cash and cash equivalents and securities issued with the guarantee of U.S. Government Agencies. The Company places its temporary cash investments with high credit quality financial institutions and generally limits the amount of credit exposure in any one financial institution. The Company maintains bank account balances, which exceed insured limits. The Company has not experienced any losses in such accounts and believes that it is not exposed to any significant credit risk on cash. Management does not believe significant credit risk existed at December 31, 2013 and 2012.
Customer Concentration Risk [Member]
Note 12 - Concentration of Credit Risk [Line Items]
Concentration Risk Disclosure [Text Block]			18.  Significant Tenants
			For the years ended December 31, 2013 and 2012, rental income from the three largest tenants represented 11%, 5% and 5% of total rental income.
			For the year ended December 31, 2011, rental income from the three largest tenants represented 8%, 4% and 4% of total rental income.

Note_13_Commitments

Note 13 - Commitments	9 Months Ended				12 Months Ended
	Sep. 30, 2014				Dec. 31, 2013
Disclosure Text Block Supplement [Abstract]
Commitments Disclosure [Text Block]	16	Commitments and Contingencies:			13.  Commitments
	Lease revenue commitments - The approximate future minimum revenues from rental property under the terms of all noncancellable tenant leases, assuming no new or renegotiated leases are executed for such premises, are as follows:				Lease revenue commitments - The approximate future minimum revenues from rental property under the terms of all noncancellable tenant leases, including bargain renewals, assuming no new or renegotiated leases are executed for such premises, are as follows:
	Twelve Months Ending September 30,		Amount		Years Ending December 31,	Amount
	2015		$	3,789,000	2014	$	3,903,000
	2016			3,044,000	2015		2,987,000
	2017			2,262,000	2016		2,364,000
	2018			1,941,000	2017		1,728,000
	2019			1,567,000	2018		1,486,000
	Thereafter			3,126,000	Thereafter		3,060,000
			$	15,729,000		$	15,528,000
	Other commitments and contingencies As of September 30, 2014, other commitments and contingencies are summarized in the below table:				Employment agreements –
	Incentive Compensation Plan		$	233,200	The compensation arrangements between the Company and its President and Chief Executive Officer, and its Chief Financial Officer are set forth in their respective Offer Letter dated May 15, 2013. The agreements each requires an annual salary of $250,000 plus bonus of $125,000, if the respective individual is employed by the Company as of the effective date of a change in control. The agreement can be cancelled by either party at any time.
	Management Employment agreements with bonus and severance commitment contingencies			600,000
	Other employee severance commitment contingencies			120,000	As of December 31, 2013, the commitment related to severance is approximately $600,000.
	Total		$	953,200
	Employment agreements - The Company has compensation arrangements with its Chief Executive Officer and Chief Financial Officer (collectively, the “Agreements”), each executed during the quarter ended June 30, 2013. Each of the Agreements contains a bonus of $125,000 payable upon a change of control as defined in the agreements. In addition, each agreement provides for severance equivalent to 6 months of base salary and the vesting and related payment of the change of control bonus.
	The Company also has a compensation arrangement with its Chief Operating Officer executed on May 8, 2014 which provides for severance equivalent to 6 months of base salary.
	Under Company policy the aggregate severance commitment contingency to other employees is approximately $120,000.

Note_14_Fair_Value_of_Financia

Note 14 - Fair Value of Financial Instruments

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

18

Fair Value of Financial Instruments:

14.  Fair Value of Financial Instruments

Assets and Liabilities Measured at Fair-Value – The Company follows authoritative guidance on fair value measurements, which defines fair-value, establishes a framework for measuring fair-value, and expands disclosures about fair-value measurements. The guidance applies to reported balances that are required or permitted to be measured at fair-value under existing accounting pronouncements.

Assets and Liabilities Measured at Fair-Value – The Company follows authoritative guidance on fair value measurements, which defines fair-value, establishes a framework for measuring fair-value, and expands disclosures about fair-value measurements. The guidance applies to reported balances that are required or permitted to be measured at fair-value under existing accounting pronouncements

The Company follows authoritative guidance on the fair value option for financial assets, which permits companies to choose to measure certain financial instruments and other items at fair-value in order to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently. However, we have not elected to measure any additional financial instruments and other items at fair-value (other than those previously required under other GAAP rules or standards) under the provisions of this standard.

The Company follows authoritative guidance on the fair value option for financial assets, which permits companies to choose to measure certain financial instruments and other items at fair-value in order to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently. However, we have not elected to measure any additional financial instruments and other items at fair-value (other than those previously required under other GAAP rules or standards) under the provisions of this standard.

The guidance emphasizes that fair-value is a market-based measurement, not an entity-specific measurement. Therefore, a fair-value measurement should be determined based on the assumptions that market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair-value measurements, the guidance establishes a fair-value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy). In instances where the determination of the fair-value measurement is based on inputs from different levels of the fair-value hierarchy, the level in the fair-value hierarchy within which the entire fair-value measurement falls is based on the lowest level input that is significant to the fair-value measurement in its entirety. Our assessment of the significance of a particular input to the fair-value measurement in its entirety requires judgment, and considers factors specific to the asset or liability.

The guidance emphasizes that fair-value is a market-based measurement, not an entity-specific measurement. Therefore, a fair-value measurement should be determined based on the assumptions that market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair-value measurements, the guidance establishes a fair-value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy). In instances where the determination of the fair-value measurement is based on inputs from different levels of the fair-value hierarchy, the level in the fair-value hierarchy within which the entire fair-value measurement falls is based on the lowest level input that is significant to the fair-value measurement in its entirety. Our assessment of the significance of a particular input to the fair-value measurement in its entirety requires judgment, and considers factors specific to the asset or liability.

The following table represents the carrying value and fair value of the Company’s financial assets and liabilities as of September 30, 2014 and December 31, 2013, respectively.

The following table represents the carrying value and fair value of the Company’s financial assets and liabilities as of December 31, 2013 and 2012.

30-Sep-14

31-Dec-13

31-Dec-13

31-Dec-12

Description

Carrying Value

Fair Value

Carrying Value

Fair Value

Description

Carrying Value

Fair Value

Carrying Value

Fair Value

(Level 2)

(Level 2)

Investment in Marketable Securities

$

6,071,506

$

6,071,506*

$

3,380,864

$

3,380,864

(Level 2)

(Level 2)

Investment in Marketable Securities

$

3,380,864*

$

3,380,864*

$

4,516,472

$

4,516,472

*The Company received $447,731 in principal repayments during the first nine-months of 2014.

*During 2013, the Company received $996,148 in principal repayments.

During 2012 and June through July 2014, the Company purchased mortgage backed securities with either AA or AAA ratings fully guaranteed by US government agencies (the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation). The fair values of mortgage backed securities originated by US government agencies are based on a pricing model that incorporates coupon type, prepayment speeds and the type of collateral backing the securities. A discount rate is applied to the cash flows in the model to arrive at the fair value. Market quotes, current yields, and their spreads to benchmark indices are obtained for each type of security. With this data, a yield curve is derived for each category of mortgage backed securities. Each security is priced by discounting the cash flow stream by the appropriate yield found on the yield curve. As the significant inputs used to derive the value of the mortgage-backed securities are observable market inputs, the fair value of these securities are included in the Level 2 fair value hierarchy.

During 2012, the Company invested in mortgage backed securities which have either AA or AAA ratings fully guaranteed by US government agencies (the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation). The fair values of mortgage backed securities originated by US government agencies are based on a pricing model that incorporates coupon type, prepayment speeds and the type of collateral backing the securities. A discount rate is applied to the cash flows in the model to arrive at the fair value. Market quotes, current yields, and their spreads to benchmark indices are obtained for each type of security. With this data, a yield curve is derived for each category of mortgage backed securities. Each security is priced by discounting the cash flow stream by the appropriate yield found on the yield curve. As the significant inputs used to derive the value of the mortgage-backed securities are observable market inputs, the fair value of these securities are included in the Level 2 fair value hierarchy.

The Company estimates that fair value approximates carrying value for cash equivalents, rents receivable, prepaid and other assets, and accounts payable due to the relatively short maturity of the instruments.

The following table present the Company's impaired real estate assets measured at fair value on a non-recurring basis as of December 31, 2013, aggregated by the level in the fair value hierarchy within which those measurements fall:

Fair Value Measurements:

Balance

Fair Value Measurements Using

The following tables present the Company's assets and liabilities from continuing operations measured at fair value on a recurring and non-recurring basis as of September 30, 2014 and December 31, 2013, aggregated by the level in the fair value hierarchy within which those measurements fall:

Description

31-Dec-13

(Level 1)

(Level 2)

(Level 3)

Impaired real estate assets

$

6,503,092

$

—

$

—

$

6,503,092

Balance

Fair Value Measurements Using

Description

30-Sep-14

(Level 1)

(Level 2)

(Level 3)

The Company estimates the fair value of its real estate assets by using income and market valuation techniques. The Company may estimate fair values using market information such as broker opinions of value, appraisals, and recent sales data for similar assets or discounted cash flow models, which primarily rely on Level 3 inputs. The cash flow models include estimated cash inflows and outflows over a specified holding period. These cash flows may include contractual rental revenues, projected future rental revenues and expenses and forecasted tenant improvements and lease commissions based upon market conditions determined through discussion with local real estate professionals, experience the Company has with its other owned properties in such markets and expectations for growth. Capitalization rates and discount rates utilized in these models are estimated by management based upon rates that management believes to be within a reasonable range of current market rates for the respective properties based upon an analysis of factors such as property and tenant quality, geographical location and local supply and demand observations. To the extent the Company under estimates forecasted cash outflows (tenant improvements, lease commissions and operating costs) or over estimates forecasted cash inflows (rental revenue rates), the estimated fair value of its real estate assets could be overstated.

Impaired real estate assets

$

6,181,331

$

—

$

—

$

6,181,331

The company did not have any real estate impaired in 2012.

Balance

Fair Value Measurements Using

Description

31-Dec-13

(Level 1)

(Level 2)

(Level 3)

The Grove investment is a distressed asset operating in a distressed environment where an orderly transaction is not available. The facts and circumstances of the Grove make it unreasonable to present a fair value utilizing a Level 3 methodology, the lowest methodology which allows for broad assumptions, therefore, in accordance with the exception rules for thinly traded/lack of marketability of distressed assets, the Company is not presenting a fair value or assuming the fair value is zero. The Company is accounting for the investment under the equity method. As of December 31, 2013 and 2012, the carrying value of the Company’s investment was $0.

Impaired real estate assets

$

6,508,394

$

—

$

—

$

6,508,394

The Company estimates the fair value of its real estate assets by using income and market valuation techniques. The Company may estimate fair values using market information such as broker opinions of value, appraisals, and recent sales data for similar assets or discounted cash flow models, which primarily rely on Level 3 inputs. The cash flow models include estimated cash inflows and outflows over a specified holding period. These cash flows may include contractual rental revenues, projected future rental revenues and expenses and forecasted tenant improvements and lease commissions based upon market conditions determined through discussion with local real estate professionals, experience the Company has with its other owned properties in such markets and expectations for growth. Capitalization rates and discount rates utilized in these models are estimated by management based upon rates that management believes to be within a reasonable range of current market rates for the respective properties based upon an analysis of factors such as property and tenant quality, geographical location and local supply and demand observations. To the extent the Company under estimates forecasted cash outflows (tenant improvements, lease commissions and operating costs) or over estimates forecasted cash inflows (rental revenue rates), the estimated fair value of its real estate assets could be overstated.

The Company incurred a $200,000 impairment charge during the 9 months ended September 30, 2014. During the nine months ended September 30, 2013 the Company incurred an impairment charge of $2,100,000.

The Company has maintained an interest in the Grove, which originally represented a 20% limited partnership interest in the Grove. Based on four subsequent capital raises through 2009, each of which the Company chose not to participate in, the Company’s share was diluted to approximately 9.99% as of December 31, 2010, and has since been diluted to 9.32%. On March 18, 2011, the Grove’s lender, Prudential Industrial Properties, LLC (“Prudential”), commenced an action against the Grove by filing a complaint in the Circuit Court of Palm Beach County to foreclose upon the Grove property, alleging that the Grove had defaulted on its loan from Prudential and that the Grove was indebted to Prudential in the amount of over $37 million in principal and over $8 million in interest and fees. On September 19, 2013, the Grove was sold, the foreclosure action was dismissed and the Grove’s debt to Prudential was repaid. The investment is held in a taxable REIT subsidiary of the Company with $0 value and the Company has a $1,315,000 deferred tax liability related to the Grove, which represents taxable losses not yet recorded pursuant to the equity method of accounting. Gyrodyne did not receive any distribution in connection with the sale. Under the agreement with the purchaser, Grove may receive certain additional payments if certain development benchmarks are achieved by the purchaser. Gyrodyne cannot predict whether these benchmarks will be achieved or as to the timing or amount of any further distributions by Grove. Gyrodyne does anticipate it will be required to recognize its deferred tax liability during the fourth quarter of 2014.

The facts and circumstances of the Grove make it unreasonable to present a fair value utilizing a Level 3 methodology, the lowest methodology which allows for broad assumptions; therefore, in accordance with the exception rules for thinly traded/lack of marketability of distressed assets, the Company is not presenting a fair value. The Company is accounting for the investment under the equity method. As of September 30, 2014, the carrying value of the Company’s investment was $0.

Note_15_Impairment_of_Real_Est

Note 15 - Impairment of Real Estate Investments:	9 Months Ended		12 Months Ended
	Sep. 30, 2014		Dec. 31, 2013
Disclosure Text Block Supplement [Abstract]
Asset Impairment Charges [Text Block]	19	Impairment of Real Estate Investments:	15. Impairment of Real Estate Investments:
	The Company assesses on a regular basis whether there are any indicators that the carrying value of real estate assets may be impaired. Potential indicators may include an increase in vacancy at a property, tenant reduction in utilization of a property, tenant financial instability and the potential sale of the property in the near future. An asset is determined to be impaired if the asset's carrying value is in excess of its estimated fair value.		The Company assesses on a regular basis whether there are any indicators that the carrying value of real estate assets may be impaired. Potential indicators may include an increase in vacancy at a property, tenant reduction in utilization of a property, tenant financial instability and the potential sale of the property in the near future. An asset is determined to be impaired if the asset's carrying value is in excess of its estimated fair value. During the third quarter of 2013, the Company recognized aggregate impairment charges of $2,100,000 on real estate assets classified in continuing operations. The Company has explored the possible disposition of some of its medical properties and determined that the expected undiscounted cash flows based upon revised estimated holding periods of one of its real estate properties below the current carrying value. Accordingly, the Company reduced the carrying value of the property to its estimated fair value.
	During the second quarter of 2014, the Company recognized aggregate impairment charges of $200,000 on real estate assets classified in continuing operations. The Company has explored the possible disposition of some of its medical properties and determined that the expected undiscounted cash flows based upon revised estimated holding periods of the Port Jefferson Professional Park are below the current carrying value. Accordingly, the Company reduced the carrying value of this property to its estimated fair value. There was no impairment charge during the three months ended September 30, 2014. There was an impairment charge of $2,100,000 incurred during the 9 months ended September 30, 2013.		There were no impairment charges during 2012.

Note_16_Equity

Note 16 - Equity	12 Months Ended
	Dec. 31, 2013
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	16.  Equity:
	There were no equity transactions during 2013 other than the special dividend of $66.56 per share payable on December 30, 2013 to stockholders of record on November 1, 2013 and a dividend note of $10.89 per share issued on January 31, 2014 to stockholders of record on December 31, 2013. The special dividend resulted in a total cash distribution of approximately $68,000,000 and a noncash equity ownership interest in GSD LLC of approximately $30,685,000.  The dividend note of approximately $16,145,000 ($10.89/share) enables the Company to meet the forecasted minimum REIT taxable income distribution requirement for 2013.
	There were no equity transactions during 2012 other than the special dividend of $38.30 per share payable on December 14, 2012 to stockholders of record on December 1, 2012. The special dividend resulted in a total distribution of $56,786,652.
	During the year ending December 31, 2011, the Company filed a registration statement on Form S-3 with the Securities and Exchange Commission to register a number of shares of the Company’s common stock to be offered in a rights offering by the Company to its shareholders with gross proceeds (if all rights are exercised) of $9,210,000 or $10,210,000 if an over-allotment option is exercised. The Company received subscriptions for approximately 294,685 shares, greatly exceeding the maximum shares offered of 173,305, and the Company elected to exercise its overallotment option to issue an additional 19,336 shares to satisfy over-subscription requests. Shareholders were allocated 100% of their basic subscriptions. The rights offering resulted in 192,641 common shares issued, and net proceeds (after expenses) raised of $9,961,476. The net proceeds increased the balance in common stock and additional paid in capital by $192,641 and $9,768,835, respectively.
	The changes in accumulated other comprehensive income (loss) by component, on a net of tax basis are as follows:
		Pension Plan Adjustments			Unrealized Gains (Losses) on Investments			Unrealized Gains (Losses) on Interest Rate Swaps			Total
	Balance – January 1, 2011	$	222,985		$	-		$	(120,602	)	$	102,383
	Other comprehensive income before reclassifications		93,427			-			-			93,427
	Amounts reclassified from accumulated other comprehensive income		(24,381	)		-			120,602			96,221
	Net current period other comprehensive income		69,046			-			120,602			189,648
	Balance – December 31, 2011		292,031			-			-			292,031
	Other comprehensive income before reclassifications		(1,566,743	)		74,287			-			(1,492,456	)
	Amounts reclassified from accumulated other comprehensive income		4,622			-			-			4,622
	Net current period other comprehensive income		(1,562,121	)		74,287			-			(1,487,834	)
	Balance – December 31, 2012		(1,270,090	)		74,287			-			(1,195,803	)
	Other comprehensive income before reclassifications		1,806,641			(139,460	)		-			1,667,181
	Amounts reclassified from accumulated other comprehensive income		(352,589	)		-			-			(352,589	)
	Net current period other comprehensive income		1,454,052			(139,460	)		-			1,314,592
	Balance – December 31, 2013	$	183,962		$	(65,173	)	$	-		$	118,789

Note_17_Related_Party_Transact

Note 17 - Related Party Transactions	12 Months Ended
	Dec. 31, 2013
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	17.  Related Party Transactions
	During 2012, the Company received the proceeds from stock transactions where Mr. Lamb bought and sold stock within a restricted time frame under Section 16(b) (Short Swing Profits) of the Securities and Exchange Act of 1934. The Company received the Short Swing Profits from Mr. Lamb of $8,586 in 2012.
	During 2013 and 2011 there were no related party transactions.

Note_19_Supplementary_Informat

Note 19 - Supplementary Information - Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information [Text Block]	19.  Supplementary Information - Quarterly Financial Data (Unaudited)
	Year Ended December 31, 2013	First			Second			Third			Fourth
	Rental Income	$	1,099,584		$	1,104,502		$	1,156,360		$	1,126,637
	Tenant reimbursements		189,640			115,756			124,090			113,400
	Total revenue		1,289,224			1,220,258			1,280,450			1,240,037
	Rental Property Expense		(662,670	)		(607,933	)		(606,722	)		(637,205	)
	Income from Rental Property		626,554			612,325			673,728			602,832
	(Expense) on Condemnation		(2,360	)		-			-			-
	Net (Loss) Income	$	(882,777	)	$	(444,737	)	$	48,707,990		$	(1,325,271	)
	Net (Loss) Per Common Share
	Basic and Diluted	$	(.60	)	$	(.30	)	$	32.85		$	(.89	)
	Year Ended December 31, 2012	First			Second			Third			Fourth
	Rental Income	$	1,187,267		$	1,101,161		$	1,059,576		$	1,100,398
	Tenant reimbursements		148,869			143,763			137,037			111,037
	Total revenue		1,336,136			1,244,924			1,196,613			1,211,435
	Rental Property Expense		(594,549	)		(555,633	)		(582,901	)		(574,953	)
	Income from Rental Property		741,587			689,291			613,712			636,482
	Income (expense) on condemnation		(63,199	)		100,111,890			(17,839	)		(2,050	)
	Interest income on condemnation		-			67,265,788			104,928			(29,000	)
	Net (Loss) Income	$	(268,944	)	$	105,494,044		$	(532,782	)	$	(5,644,065	)
	Net (Loss) Income Per Common Share
	Basic and Diluted	$	(.18	)	$	71.15		$	(.36	)	$	(3.81	)
	Year Ended December 31, 2011	First			Second			Third			Fourth
	Rental Income	$	1,260,181		$	1,206,799		$	1,224,553		$	1,195,290
	Tenant reimbursements		150,519			154,195			152,222			175,945
	Total Revenue		1,410,699			1,360,994			1,376,775			1,371,235
	Rental Property Expense		(625,449	)		(588,960	)		(562,898	)		(570,093	)
	Income from Rental Property		785,250			772,034			813,877			801,142
	Income (Expense) on Condemnation		(168,666	)		(53,024	)		(17,299	)		(94,319	)
	Interest income on condemnation		-			-			-			-
	Net (Loss)	$	(349,155	)	$	(244,729	)	$	(152,918	)	$	(377,863	)
	Net (Loss) Per Common Share
	Basic and Diluted	$	(.27	)	$	(.19	)	$	(.12	)	$	(.26	)

Note_20_Condemnation

Note 20 - Condemnation	12 Months Ended
	Dec. 31, 2013
Disclosure Text Block Supplement [Abstract]
Legal Matters and Contingencies [Text Block]	20.  Condemnation:
	In July 2012, the Company received $167,530,657 from the State of New York (the "State") in payment of the judgments in the Company’s favor in the Company's condemnation litigation with the State, which consisted of $98,685,000 in additional damages (the "2012 Proceeds"), $1,474,941 in costs, disbursements and expenses, and $67,370,716 in interest.
	Following receipt of the condemnation proceeds by the Company, New York State notified the Company of an error in the interest computation resulting in New York State overpaying interest by approximately $29,000. The Company reviewed the notice in 2012 and remitted payment of the $29,000 in early 2013.
	The $167,530,657 payment concluded the Company’s case for just compensation, commenced in 2006 for the 245.5 acres of its Flowerfield property in St. James and Stony Brook, New York (the "Property") taken by the State, under New York’s eminent domain law. The State had paid the Company $26,315,000 for the Property in March 2006, which the Company elected to treat as an advance payment while it pursued its claim for just compensation. The Court of Claims ruled in the Company’s favor in June 2010 when it awarded the Company $125,000,000, thereby requiring the State to pay an additional $98,685,000 plus statutory interest of nine percent from the date of taking on November 2, 2005 to the date of payment. That judgment, as well as a related judgment for costs, disbursements and expenses, was affirmed by the Appellate Division and the Court of Appeals.
	The original advance payment of $26,315,000 was successfully reinvested in like kind property under Section 1033 of the Internal Revenue Code, thereby deferring income tax on the related gain. In accordance with Section 1033, the Company has deferred recognition of the $98,685,000 gain on the condemnation of its real property for income tax purposes.
	Following a change in tax law in January 2013 reducing the recognition period applicable for the 2012 taxable year to five years, the Company applied for a private letter ruling from the IRS in March 2013 and ultimately received a favorable ruling on August 28, 2013 (the "PLR"). The PLR concludes that the Company’s receipt of additional damages in July 2012 in connection with judgments in the Company’s favor in its condemnation litigation with the State of New York ("2012 Proceeds") occurred outside of the applicable recognition period for 2012, and therefore permits the Company to distribute, by means of a dividend such as the Special Dividend described below, the gains realized from its receipt of the 2012 Proceeds, subject to a 4% excise tax but without incurring the built-in gains tax.
	On September 13, 2013, the Board declared the Special Dividend, in the amount of $98,685,000, or $66.56 per Gyrodyne share, of which approximately $68,000,000, or $45.86 per share, will be paid in cash. The balance of the Special Dividend will be payable in the form of cash proceeds from any further asset dispositions effected prior to payment of the dividend, Dividend Notes, interests in a limited liability company to which Gyrodyne may transfer its remaining assets (or into which it may merge), or a combination of such forms at the discretion of our board of directors. Based on the timely declaration of the Special Dividend and assuming the Special Dividend is timely paid, the Company will no longer have a reinvestment requirement related to the 2012 Proceeds.

Note_21_Contingencies

Note 21 - Contingencies	12 Months Ended
	Dec. 31, 2013
Loss Contingency [Abstract]
Contingencies Disclosure [Text Block]	21.  Contingencies
	In the normal course of business, the Company is a party to various legal proceedings. After reviewing all actions and proceedings pending against or involving the Company, management considers that any loss resulting from such proceedings individually or in the aggregate will not be material to the Company’s financial condition or results of operations.

Note_22_Subsequent_Events

Note 22 - Subsequent Events	12 Months Ended
	Dec. 31, 2013
Subsequent Events [Abstract]
Subsequent Events [Text Block]	22.  Subsequent Events
	On March 12, 2014, the Company and Rothschild Inc. (“Rothschild”) entered into an amendment to the engagement letter dated as of August 8, 2012 (the “Engagement Letter”) between Rothschild and the Company, pursuant to which the engagement of Rothschild was terminated and the Company agreed to pay Rothschild $970,967.14 in full satisfaction of any and all amounts due or alleged to be due under the Engagement Letter by reason of the Special Dividend, the Second Special Dividend, any other corporate transaction publicly announced prior to March 12, 2014 or any amount that might have otherwise become due by reason of the Company’s obligation to pay Rothschild a success fee in connection with certain transactions that may be consummated during a specified period following a termination. Under the Engagement Letter, approximately $850,000 of the fee was recognized in 2013 as a result of the special cash dividend and the balance of approximately $120,000 will be an expense incurred in the first quarter of 2014. The Company had previously paid Rothschild a total of $629,032.26, exclusive of reimbursed expenses, pursuant to the Engagement Letter. Rothschild had been serving as the Company’s financial advisor in connection with the strategic process. Strategic alternative expenses incurred for the years ended December 31, 2013, 2012 and 2011 were $3,637,123, $1,013,043, and $29,383, respectively.

Note_3_Basis_of_Quarterly_Pres

Note 3 - Basis of Quarterly Presentations	9 Months Ended
	Sep. 30, 2014
Disclosure Text Block [Abstract]
Basis of Accounting [Text Block]	3	Basis of Quarterly Presentations:
	The accompanying quarterly financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“GAAP”). The financial statements of the Company included herein have been prepared by the Company pursuant to the rules and regulations of the SEC and, in the opinion of management, reflect all adjustments which are necessary to present fairly the results for the three and nine-month periods ended September 30, 2014 and 2013.
	Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations; however, management believes that the disclosures are adequate to make the information presented not misleading.
	This report should be read in conjunction with the audited financial statements and footnotes therein included in the Annual Report on Form 10-K for the year ended December 31, 2013 and with the definitive proxy statement/prospectus filed with the SEC on July 1, 2014.
	The results of operations for the three and nine-month periods ended September 30, 2014 are not necessarily indicative of the results to be expected for the full year.

Note_4_Principles_of_Consolida

Note 4 - Principles of Consolidation	9 Months Ended
	Sep. 30, 2014
Principles Of Consolidation [Abstract]
Principles Of Consolidation [Text Block]	4	Principles of Consolidation:
	The accompanying consolidated financial statements include the accounts of Gyrodyne Company of America, Inc. and all majority owned subsidiaries. The Company consolidates its wholly owned subsidiaries, partnerships and joint ventures which it controls (i) through voting rights or similar rights or (ii) by means other than voting rights if the Company is the primary beneficiary of a variable interest entity ("VIE"). If an investment is determined to be a VIE, the Company performs an analysis to determine if the Company is the primary beneficiary of the VIE. GAAP requires a VIE to be consolidated by its primary beneficiary. The primary beneficiary is the party that has a controlling financial interest in an entity. In order for a party to have a controlling financial interest in an entity, it must have (1) the power to direct the activities of a VIE that most significantly impact the entity's economic performance and (2) the obligation to absorb losses or the right to receive benefits of an entity that could potentially be significant to the VIE.
	The Company's consolidated VIE, GSD, was determined to be a VIE primarily because the Company has the power to direct activities of GSD that most significantly impact the entity's economic performance and has the obligation to absorb losses or the right to receive benefits of the entity. GSD owns all of the real estate that was previously owned by the Company prior to the distribution of ownership interests in GSD to the Company’s shareholders on December 30, 2013. GSD owes mortgage obligations payable to a wholly owned subsidiary of the Company of $13,130,802 and $13,840,889 as of September 30, 2014 and December 31, 2013, respectively. As previously discussed in the Company’s 2013 Annual Report filed on Form 10-K, the estimated fair value of the real estate net of its mortgage obligations and other direct liabilities was $30,685,000 on December 30, 2013. At September 30, 2014 and December 31, 2013, the net book value of GSD was approximately $16,893,000 and $19,058,000, respectively. GSD is essentially being managed and operated by the Company where the Company is the primary obligor for liabilities incurred on behalf of GSD. As a result, the Company could be held liable for current and future obligations of GSD, and in turn it would be the Company’s obligation to seek reimbursement from GSD.
	Investments in affiliates in which the Company has the ability to exercise significant influence, but not control, are accounted for under the equity method. The Company did not have any such investments at September 30, 2014. Investment interests in excess of 5% in limited partnerships are accounted for under the equity method. All consolidated subsidiaries are wholly owned. All intercompany balances and transactions have been eliminated. There were no investments accounted for under the equity method as of September 30, 2014.
	Management Services Arrangements
	Under GSD’s Amended and Restated Limited Liability Company Agreement, Gyrodyne, in its capacity as managing member of GSD, is entitled to market-rate compensation for its services as well as reimbursement for any costs and expenses incurred by and properly allocable to GSD. Gyrodyne also is obligated to provide an initial liquidity facility to GSD in an amount not to exceed $2.5 million, which Gyrodyne may determine from time to time. During the third quarter of 2014, the board of directors authorized an increase in the revolving line of credit to $3.5 million.
	Taking into account a number of factors, including a management services benchmarking study commissioned by Gyrodyne, we implemented a management services arrangement under which GSD will pay certain fees to or reimburse Gyrodyne as follows:
	●     GSD will reimburse Gyrodyne for 85% of Gyrodyne's General and Administrative (G&A) Expenses and pay a fee to Gyrodyne equal to 8.5% of such reimbursed amount; plus
	●     GSD will reimburse Gyrodyne for all rental expenses, whether value added (such as contractor and payroll expenses) or non-value added (such as utilities and taxes) paid by Gyrodyne in respect of the Contributed Properties; plus
	●     GSD will pay a fee to Gyrodyne equal to 8.5% of all value added rental expenses paid by Gyrodyne in respect of the Contributed Properties, but no fee will be payable in respect of non-value added rental expenses; plus
	●     GSD will reimburse 100% (without mark-up) of any bonuses (under the Bonus Plan (See "Interests of Our Directors and Executive Officers—Bonus Plan") or otherwise) paid by Gyrodyne to its employees and directors and related payroll taxes on account of any sales of the Contributed Properties; plus
	●     Gyrodyne will be entitled to interest at the rate of 5.0% per annum on any funds advanced by Gyrodyne pursuant to the liquidity facility made available to GSD.
	The foregoing management services arrangements are subject to change pending further analysis and completion of documentation of such arrangements and formal adoption by our Board. Upon such adoption of definitive documentation with respect to the management services arrangements, Gyrodyne will file a current report on Form 8-K containing disclosure of the terms of such arrangements as so adopted, which disclosure will identify any modifications of the foregoing.

Note_5_Consolidating_Financial

Note 5 - Consolidating Financial Information	9 Months Ended
	Sep. 30, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Financial Information of Parent Company Only Disclosure [Text Block]	5	Consolidating Financial Information
	Our consolidated assets at September 30, 2014 and December 31, 2013 include total assets of $33,811,227 and $33,730,130, respectively, of a variable interest entity (VIE) that can only be used to settle liabilities of that VIE. These assets, prior to reclassifying applicable items to discontinued operations, include real estate of $32,790,481 and $32,739,678, deferred rent of $306,616 and $215,709, rent receivable of $43,614 and $0, and prepaid and other assets of $670,516 and $774,743, respectively. Our consolidated liabilities at September 30, 2014 and December 31, 2013, prior to reclassifying applicable items to discontinued operations, include liabilities of a VIE consisting of $463,737 and $474,111, respectively of tenant security deposits, accounts payable of $183,645 and $0, respectively, accrued liabilities of $32,378 and $0, respectively, and deferred rent liability of $107,600 and $93,922, respectively. The VIE also has mortgages payable, prior to reclassifying applicable items to discontinued operations, to a wholly-owned subsidiary of Gyrodyne of $13,130,802 and $13,840,889, respectively and an outstanding balance in a revolving debt facility of $3,000,459 and $254,740 at September 30, 2014 and December 31, 2013, respectively, that are eliminated in consolidation.
	The tables below are the unaudited consolidating September 30, 2014 Balance Sheet and Statement of Operations reflecting the operations of Gyrodyne Company of America, Inc. and subsidiaries and GSD.
			Gyrodyne Company of America, Inc. and Subsidiaries			GSD, LLC			Total			Eliminations			Consolidated
	ASSETS
	REAL ESTATE
	Rental property:
	Land		$	-		$	1,733,693		$	1,733,693		$	-		$	1,733,693
	Building and improvements			-			11,307,442			11,307,442			-			11,307,442
	Machinery and equipment			-			344,733			344,733			-			344,733
				-			13,385,868			13,385,868			-			13,385,868
	Less accumulated depreciation			-			4,807,276			4,807,276			-			4,807,276
				-			8,578,592			8,578,592			-			8,578,592
	Land held for development:
	Land			-			558,466			558,466			-			558,466
	Land development costs			-			1,923,822			1,923,822			-			1,923,822
				-			2,482,288			2,482,288			-			2,482,288
	Total real estate, net			-			11,060,880			11,060,880			-			11,060,880
	Assets held for sale			-			22,411,392			22,411,392			-			22,411,392
	Cash and cash equivalents			4,377,093			-			4,377,093			-			4,377,093
	Investment in marketable securities			6,071,506			-			6,071,506			-			6,071,506
	Rent receivable, net of allowance for doubtful accounts of approximately $74,000			-			31,988			31,988			-			31,988
	Deferred rent receivable			-			48,365			48,365			-			48,365
	GSD Line of Credit			3,000,459			-			3,000,459			(3,000,459	)		-
	Prepaid expenses and other assets			92,246			258,602			350,848			-			350,848
	Prepaid pension costs			586,401			-			586,401			-			586,401
	Mortgage receivable			13,130,802			-			13,130,802			(13,130,802	)		-
	Total Assets		$	27,258,507		$	33,811,227		$	61,069,734		$	(16,131,261	)	$	44,938,473
	LIABILITIES AND EQUITY
	LIABILITIES:
	Accounts payable		$	105,743		$	144,780		$	250,523		$	-		$	250,523
	Accrued liabilities			513,515			-			513,515			-			513,515
	Deferred rent liability			-			23,557			23,557			-			23,557
	Tenant security deposits payable			-			253,100			253,100			-			253,100
	Liabilities related to assets held for sale			-			9,667,675			9,667,675			(9,301,752	)		365,923
	GSD Line of Credit			-			3,000,459			3,000,459			(3,000,459	)		-
	Mortgage Payable			-			3,829,050			3,829,050			(3,829,050	)		-
	Deferred income taxes			1,315,000			-			1,315,000			-			1,315,000
	Dividend payable			682,033						682,033						682,033
	Notes payable			16,447,427			-			16,447,427			-			16,447,427
	Total Liabilities			19,063,718			16,918,621			35,982,339			(16,131,261	)		19,851,078
	Commitments and contingencies
	EQUITY:
	Common stock, $1 par value; authorized 4,000,000 shares; 1,723,888 shares issued; 1,482,680 shares outstanding			1,723,888			-			1,723,888			-			1,723,888
	Additional paid-in capital			17,753,505			-			17,753,505			-			17,753,505
	Accumulated other comprehensive income			118,219			-			118,219			-			118,219
	Deficit			(9,863,126	)		(2,173,862	)		(12,036,988	)		2,173,862			(9,863,126	)
				9,732,486			(2,173,862	)		7,558,624			2,173,862			9,732,486
	Less cost of shares of common stock held in treasury; 241,208			(1,537,697	)		-			(1,537,697	)		-			(1,537,697	)
	Total Gyrodyne Stockholders’ Equity			8,194,789			(2,173,862	)		6,020,927			2,173,862			8,194,789
	Non-controlling interest in GSD, LLC						19,066,468			19,066,468			(2,173,862	)		16,892,606
	Total equity			8,194,789			16,892,606			25,087,395			-			25,087,395
	Total Liabilities and Equity		$	27,258,507		$	33,811,227		$	61,069,734		$	(16,131,261	)	$	44,938,473
	Consolidated Statement of Operations – Nine Months Ended September 30, 2014
			Gyrodyne Company of America, Inc.			GSD, LLC			Total			Eliminations			Consolidated
	Revenues
	Rental income		$	-		$	1,762,890		$	1,762,890			-		$	1,762,890
	Rental income - tenant reimbursements			-			239,217			239,217			-			239,217
	Other income			3,883,142			-			3,883,142			(3,883,142	)		-
	Total			3,883,142			2,002,107			5,885,249			(3,883,142	)		2,002,107
	Expenses
	Reimbursable expenses			1,150,057			-			1,150,057			(1,150,057	)		-
	Rental expenses			-			1,178,942			1,178,942			(38,885	)		1,140,057
	General and administrative expenses			1,676,938			1,544,988			3,221,926			(1,544,988	)		1,676,938
Strategic alternative expenses			1,246,096			1,149,212			2,395,308			(1,149,212	)		1,246,096
Depreciation			-			249,660			249,660			-			249,660
Insurance claim recoveries in excess of cost			-			(184,339	)		(184,339	)		-			(184,339	)
Impairment charges			-			200,000			200,000			-			200,000
Total			4,073,091			4,138,463			8,211,554			(3,883,142	)		4,328,412
Other Income (Expense):
Interest income			281,679			-			281,679			(203,153	)		78,526
Interest expense			(542,570	)		(203,153	)		(745,723	)		203,153			(542,570	)
Total			(260,891	)		(203,153	)		(464,044	)		-			(464,044	)
Net Loss from continued operations			(450,840	)		(2,339,509	)		(2,790,349	)		-			(2,790,349	)
Net Income from discontinued operations			389,218			173,648			562,866			-			562,866
Net Loss		$	(61,622	)	$	(2,165,861	)	$	(2,227,483	)	$	-		$	(2,227,483	)
Consolidated Statement of Operations – Three Months Ended September 30, 2014
		Gyrodyne Company of America, Inc.			GSD, LLC			Total			Eliminations			Consolidated
Revenues
Rental income		$	-		$	578,148		$	578,148		$	-		$	578,148
Rental income – tenant reimbursements			-			60,355			60,355			-			60,355
Other income			1,227,109			-			1,227,109			(1,227,109	)		-
Total rental income			1,227,109			638,503			1,865,612			(1,227,109	)		638,503
Expenses
Reimbursable expenses			383,935			-			383,935			(383,935	)		-
Rental expenses			-			388,881			388,881			(14,946	)		373,935
General and administrative expenses			526,572			483,717			1,010,289			(483,717	)		526,572
Strategic alternative expenses			373,555			344,511			718,066			(344,511	)		373,555
Depreciation			-			82,042			82,042			-			82,042
Insurance claim recoveries in excess of cost			-			(184,339	)		(184,339	)		-			(184,339	)
Impairment charges			-			-			-			-			-
Total			1,284,062			1,114,812			2,398,874			(1,227,109	)		1,171,765
Other income (expense):
Interest income			115,632			-			115,632			(83,030	)		32,602
Interest expense			(206,224	)		(83,030	)		(289,254	)		83,030			(206,224	)
Total			(90,592	)		(83,030	)		(173,622	)		-			(173,622	)
Net loss from continued operations			(147,545	)		(559,339	)		(706,884	)		-			(706,884	)
Net income from discontinued operations			127,736			173,591			301,327			-			301,327
Net loss		$	(19,809	)	$	(385,748	)	$	(405,557	)	$	-		$	(405,557	)

Note_6_Real_Estate_Assets_Held

Note 6 - Real Estate Assets Held for Sale and Discontinued Operations:	9 Months Ended
	Sep. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	6	Real Estate Assets Held for Sale and Discontinued Operations:
	FASB ASC Topic 360-10, Property, Plant and Equipment – Overall requires a long-lived asset to be classified as “held for sale” in the period in which certain criteria are met. The Company classifies real estate assets and their related liabilities as held for sale after the following conditions have been satisfied: (1) the receipt of approval from its board of directors to sell the asset, (2) the initiation of an active program to sell the asset, and (3) the asset is available for immediate sale and it is probable that the sale of the asset will be completed within one year. When assets are classified as held for sale, they are recorded at the lower of the assets’ carrying amount or fair value, less the estimated selling costs.
	The Company and Gyrodyne Special Distribution LLC, its consolidated Variable Interest Entity, periodically classifies real estate assets as held for sale, and these assets and their liabilities are stated separately on the accompanying condensed consolidated balance sheets. During the second quarter of 2014, the Company’s board of directors approved the hiring of real estate brokers to facilitate the sale of the Cortlandt Manor Medical Center and Fairfax Medical Center. The Company expects to complete the sale of these properties within one year.
			Assets Held for Sale
			9/30/14		12/31/13
	Property
	Cortlandt Manor Medical Center (1)		$	8,189,751	$	8,272,231
	Fairfax Medical Center			13,539,850		13,306,789
	Accounts receivable			11,626		13,166
	Deferred rent receivable			258,251		158,340
	Prepaid expenses and other			411,914		273,795
	Total Assets Held for Sale		$	22,411,392	$	22,024,321
			Liabilities Related to Real Estate Assets Held for Sale
			9/30/14		12/31/13
	Accounts payable		$	38,865	$	106,978
	Accrued liabilities			32,378		-
	Deferred rent liability			84,043		72,535
	Tenant security deposit payable			210,637		202,453
	Total Liabilities Related to Real Estate Assets Held for Sale		$	365,923	$	381,966
		-1	The Cortlandt Manor Medical Center is inclusive of the two adjacent lots.
	The results of operations and the gains or losses from operating properties that are held for sale and or disposed of in accordance with FASB ASC Topic 360-10, Property, Plant and Equipment – Overall, these assets and their liabilities are separately stated on the accompanying condensed consolidated balance sheets as “assets held for sale” or liabilities related to assets held for sale. Gains and losses, the results of operations, interest expense, and all expenses related to the retirement of debt from operating properties that are disposed of are included in discontinued operations in the period incurred and are shown separately in the condensed consolidated statements of operations as income from discontinued operations.
	The following table summarizes the discontinued operations for the three and nine months ended September 30, 2014 and 2013 (unaudited):
			Three Months Ended September 30,				Nine Months Ended September 30,
			2014		2013		2014		2013
	Revenues
	Rental income		$	533,784	$	488,603	$	1,575,875	$	1,457,539
	Rental income - tenant reimbursements			41,265		37,274		152,925		145,478
	Total rental income			575,049		525,877		1,728,800		1,603,017
	Expenses
	Rental Expenses			273,722		269,139		850,999		826,312
	Depreciation			-		151,827		314,935		449,234
	Total expenses			273,722		420,966		1,165,934		1,275,546
	Net income from discontinuing operations		$	301,327	$	104,911	$	562,866	$	327,471
	The Company assesses on a regular basis whether there are any indicators that the carrying value of its real estate assets may be impaired. Potential indicators may include an increase in vacancy at a property, tenant reduction in utilization of a property, tenant financial instability and the potential sale of the property in the near future. An asset is determined to be impaired if the asset's carrying value is in excess of its estimated fair value. During the three and nine months ended September 30, 2014 and 2013, the Company did not recognize any impairment charges in discontinued operations, relating to real estate assets that were classified as held for sale.
	During the second quarter of 2014, the Company recognized aggregate impairment charges of $200,000 on real estate assets classified in continuing operations. (See footnote 19)

Note_8_Notes_Payable

Note 8 - Notes Payable:	9 Months Ended
	Sep. 30, 2014
Disclosure Text Block [Abstract]
Long-term Debt [Text Block]	8	Notes Payable:
	The transfer of the properties by the Company to GSD resulted in the recognition of approximately $28.4 million of capital gain income by the Company in 2013. Giving effect to offsetting deductions, the Company determined that it would have approximately $18 million in REIT income for 2013. In order to satisfy applicable REIT distribution requirements, on December 20, 2013, the Company declared an additional dividend, payable to the Company’s shareholders of record as of December 31, 2013 on January 31, 2014. The Second Special Dividend was paid in the form of interests in a global dividend note due June 30, 2017 (“Dividend Note”) aggregating $16,150,000 ($10.89 per share) in principal amount. The Dividend Note bears interest at 5.0% per annum, payable semi-annually on June 15 and December 15 of each year, commencing June 15, 2014, and may be payable in cash or in the form of additional notes. On June 16, 2014, the initial semi-annual interest payment on the Dividend Note was paid in kind in the form of uncertificated interests in a global subordinated note due June 30, 2017 in the principal amount of $302,813 that otherwise is identical to the Dividend Note other than as to the initial semi-annual interest payment date thereunder.
			30-Jun-14		31-Dec-13
	Global Dividend Note Payable		$	16,144,614	$	16,144,614
	Global Note Payable			302,813		-
	Total Notes Payable		$	16,447,427	$	16,144,614

Note_9_Dividend_payable

Note 9 - Dividend payable	9 Months Ended
	Sep. 30, 2014
Dividends [Abstract]
Dividends [Text Block]	9	Dividend payable
	On September 12, 2014, the Board of Directors declared a special supplemental dividend in the amount of $682,033 or $0.46 per share of Gyrodyne common stock. The dividend will be payable in the form of non-transferrable interests in a subordinated dividend note, unless Gyrodyne’s Board of Directors otherwise determines to pay all or part of such dividend in cash and subject to any applicable law, rule or regulation. The dividend will be payable on December 31, 2014 to all shareholders of record on September 26, 2014. The dividend is intended to prevent the imposition of federal corporate income tax on the Company's undistributed 2013 REIT taxable income.

Note_14_Retention_Incentive_Bo

Note 14 - Retention/ Incentive Bonus Plan:	9 Months Ended
	Sep. 30, 2014
Compensation Related Costs [Abstract]
Compensation Related Costs, General [Text Block]	14	Retention/ Incentive Bonus Plan:
	In September 2013, our board of directors determined that it is in the best interests of the Company and its shareholders to pursue the actual disposition of the Company’s remaining assets and to complete the Company’s tax liquidation by means of the proposed merger of the Company and GSD with and into Gyrodyne, LLC, if approved and consummated. Following the proposed merger, Gyrodyne, LLC would operate with a business plan to dispose of the properties previously transferred from the Company to GSD (the “Contributed Properties”), and any other assets, in each case in an orderly manner designed to obtain the best value reasonably available for such assets. Accordingly, in May 2014, our board of directors authorized a Retention Bonus Plan designed to recognize the nature and scope of the responsibilities related to such business plan, to reward and incent performance in connection therewith, to align the interests of directors, executives and employees with our shareholders and to retain such persons during the term of such plan. The Retention Bonus Plan provides for bonuses to directors and discretionary bonuses to officers and employees determined by the gross sales proceeds from the sale of each property and the date of sale.
	The Retention Bonus Plan consists of a bonus pool that would be funded with an amount equal to 5% of the specified appraised value of each of the Contributed Properties (to be set forth in the plan), so long as the gross selling price of a property is equal to or greater than 100% of its appraised value (based on appraisals utilized to support the value of the real estate included in the non-cash dividend distributed on December 30, 2013). Additional funding of the bonus pool would occur on a property-by-property basis when the gross sales price of a property is in excess of its appraised value as follows: 10% on the first 10% of appreciation, 15% on the next 10% of appreciation and 20% on appreciation greater than 20%. Furthermore, if a specified property is sold on or before a designated date to be specified in the Retention Bonus Plan, an additional amount equal to 2% of the gross selling price of such property also would be funded into the bonus pool.
	The bonus pool is distributable in the following proportions to the named participants in the bonus plan for so long as they are directors or employees of the Company, GSD or Gyrodyne, LLC: 15% for the Chairman, 50% for the directors other than the chairman (10% for each of the other five directors) and 35% (the Employee Pool”) for the Company’s executives and employees. Such share of the bonus pool is earned only upon the completion of the sale of a property at a gross selling price equal to or greater than its appraised value and is paid to the named beneficiaries of the Retention Bonus Plan or their designees within 60 days of the completion of such sale or, if later, within 60 days of receipt of any subsequent post-completion installment payment related to such sale. All allocations to individual beneficiaries in the Employee Pool are discretionary and shall be determined from time to time by the board of directors of the Company or its successor in consultation with its President.
	Pursuant to the terms of the Management Services Arrangement, the foregoing bonus payments made by the Company will be reimbursed by GSD (See “Management Services Arrangements”).

Note_17_Recent_Accounting_Pron

Note 17 - Recent Accounting Pronouncements:	9 Months Ended
	Sep. 30, 2014
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	17	Recent Accounting Pronouncements:
	In February 2013, the FASB issued ASU 2013-02, “Comprehensive Income (Topic 220), Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.” The amendments do not change the current requirements for reporting net income or other comprehensive income in financial statements. However, the amendments require an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of the net income but only if the amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required under U.S. GAAP that provide additional detail about those amounts. The pronouncement is effective for fiscal years and interim periods ending after December 15, 2012. The adoption of this pronouncement did not have a material effect on the Company’s consolidated financial position or results of operations.
	In July 2013, the FASB issued ASU 2013-11, “Income Taxes (Topic 740), Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists”. ASU 2013-11 amends the current guidance to eliminate the diversity in practice in the presentation of unrecognized tax benefits. An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. The pronouncement is effective prospectively for fiscal years and interim periods beginning after December 15, 2013, and retrospective application is permitted. The adoption of this pronouncement did not have a material effect on the Company’s consolidated financial position or results of operations.
	In April 2013, the FASB issued ASU 2013-07, “Presentation of Financial Statement (Topic 205), Liquidation Basis of Accounting.” The amendment requires an entity to prepare its financial statements using the liquidation basis of accounting when liquidation is imminent. Liquidation is imminent when the likelihood is remote that the entity will return from liquidation and either (a) a plan for liquidation is approved by the person or persons with the authority to make such a plan effective and the likelihood is remote that the plan execution of the plan will be blocked by other parties or (b) a plan for liquidation is being imposed by other forces. Financial statements prepared using the liquidation basis of accounting are required to present relevant information about an entity’s expected resources in liquidation by measuring and presenting assets at the amount of the expected cash proceeds from liquidation. The entity should include in its presentation of assets any item it had not previously recognized under U.S. GAAP but that it expects to either sell in liquidation or use in settling liabilities. An entity should recognize and measure liabilities in accordance with U.S. GAAP that otherwise applies to those liabilities. The entity is also required to accrue and separately present the costs that it expects to incur and the income that it expects to earn during the expected duration of the liquidation, including any costs associated with sale or settlement of those assets and liabilities. Additionally, the amendment requires disclosures about an entity’s plan for liquidation, the methods and significant assumptions used to measure assets and liabilities, the type and amount of costs and income accrued, and the expected duration of the liquidation process. The pronouncement is effective for entities that determine liquidation is imminent during annual reporting periods beginning after December 15, 2013 and interim reporting periods therein, early adoption is permitted. The adoption of this pronouncement did not have a material effect on the Company’s consolidated financial position and results of operations.
	In April 2014, the FASB issued ASU 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360), Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.” ASU 2014-08 on Discontinued Operations changes the criteria for determining which disposals can be presented as discontinued operations and modified related disclosure requirements.  Under the new guidance, a discontinued operation is defined as: (i) a disposal of a component or group of components that is disposed of or is classified as held for sale that represents a strategic shift that has or will have a major effect on an entity’s operations and financial results or (ii) an acquired business or nonprofit activity that is classified as held for sale on the date of acquisition.  The standard states that a strategic shift could include a disposal of (i) a major geographical area of operations, (ii) a major line of business, (iii) a major equity method investment, or (iv) other major parts of an entity.  Under the current US GAAP, an entity is prohibited from reporting a discontinued operation if it has certain continuing cash flows or involvement component after the disposal.  The new guidance eliminates these criteria. The pronouncement is effective for fiscal years and interim periods ending after December 15, 2014. The adoption of this pronouncement did not have a material effect on the Company’s consolidated financial position or results of operations.
	In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” The amendments in this Update create Topic 606, Revenue from Contracts with Customers, and supersede the revenue recognition requirements in Topic 605, Revenue Recognition, including most industry-specific revenue recognition guidance throughout the Industry Topics of the Codification. In addition, the amendments supersede the cost guidance in Subtopic 605-35, Revenue Recognition—Construction-Type and Production-Type Contracts, and create new Subtopic 340-40, Other Assets and Deferred Costs—Contracts with Customers. In summary, the core principle of Topic 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The amendments in this Update are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. The adoption of this pronouncement is not expected to have a material effect on the Company’s consolidated financial position or results of operations.
	In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements (Subtopic 205-40), Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU No. 2014-15”). The amendments in ASU No. 2014-15 require management to evaluate, for each annual and interim reporting period, whether there are conditions or events, considered in the aggregate, that raise substantial doubt about an entity’s ability to continue as a going concern within one year after the date that the financial statements are issued (or are available to be issued when applicable) and, if so, provide related disclosures. ASU No. 2014-15 is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early adoption is permitted for annual or interim reporting periods for which the financial statements have not previously been issued. The adoption of this pronouncement is not expected to have a material effect on Company’s consolidated financial position or results of operations.

Note_20_Accumulated_Other_Comp

Note 20 - Accumulated Other Comprehensive Income	9 Months Ended
	Sep. 30, 2014
Disclosure Text Block [Abstract]
Comprehensive Income (Loss) Note [Text Block]	20	Accumulated Other Comprehensive Income:
	Accumulated other comprehensive income as of September 30, 2014 and December 31, 2013 was $118,219 and $118,789, respectively. The balances were comprised of the following:
			30-Sep-14			31-Dec-13
	Unrecorded loss on investments		$	(65,743	)	$	(65,173	)
	Unrecorded gain on pension			183,962			183,962
	Accumulated other comprehensive income		$	118,219		$	118,789
	The change in other comprehensive income was restricted to unrealized gain or loss in marketable securities, a balance sheet item, and had no impact on net income. Therefore, there were no reclassifications from other comprehensive income to net income for the periods presented.

Note_21_Reclassifications

Note 21 - Reclassifications	9 Months Ended
	Sep. 30, 2014
Disclosure Text Block [Abstract]
Reclassifications [Text Block]	21	Reclassifications:
	Certain amounts in the prior period, including strategic alternative expenses previously included in general and administrative expenses in the condensed consolidated statement of operations have been reclassified to conform to the classification used in the current period.

Accounting_Policies_by_Policy_

Accounting Policies, by Policy (Policies)	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Accounting Policies, by Policy (Policies) [Line Items]
Consolidation, Policy [Policy Text Block]		Principles of consolidation - The accompanying consolidated financial statements include the accounts of Gyrodyne Company of America, Inc. and all majority owned subsidiaries.
		The Company consolidates its wholly-owned subsidiaries, partnerships and joint ventures which it controls (i) through voting rights or similar rights or (ii) by means other than voting rights if the Company is the primary beneficiary of a variable interest entity ("VIE"). If an investment is determined to be a VIE, the Company performs an analysis to determine if the Company is the primary beneficiary of the VIE. GAAP requires a VIE to be consolidated by its primary beneficiary. The primary beneficiary is the party that has a controlling financial interest in an entity. In order for a party to have a controlling financial interest in an entity, it must have (1) the power to direct the activities of a VIE that most significantly impact the entity's economic performance and (2) the obligation to absorb losses or the right to receive benefits of an entity that could potentially be significant to the VIE.
		The Company's consolidated VIE, GSD LLC, was determined to be a VIE primarily because the Company has the power to direct the activities of the VIE that most significantly impact the entity's economic performance and has the obligation to absorb losses or the right to receive benefits of the entity. The VIE owns all of the real estate that was previously owned by the Company prior to the distribution of ownership interests in GSD LLC. The VIE holds mortgage obligations payable to a wholly-owned subsidiary of the Company of $13,840,889 as of December 31, 2013. The fair value of the real estate net of its mortgage obligations and other direct liabilities was $30,685,000 on December 31, 2013. At December 31, 2013, the net book value of the assets and liabilities of GSD LLC is approximately $18,632,000. The VIE is essentially being managed and operated by the Company where the Company is the primary obligor for liabilities incurred on behalf of the VIE. As a result, the Company could be held liable for current and future obligations of the VIE, and in turn it would be the Company’s obligation to seek reimbursement from the VIE.
		Investments in affiliates in which the Company has the ability to exercise significant influence, but not control, are accounted for under the equity method. The Company did not have any such investments at December 31, 2013 and 2012. Investment interests in excess of 5% in limited partnerships are accounted for under the equity method. All consolidated subsidiaries are wholly owned. All inter-company balances and transactions have been eliminated.
Real Estate, Policy [Policy Text Block]		Rental real estate - Rental real estate assets, including land, buildings and improvements, furniture, fixtures and equipment, are stated at lower of cost or net realizable value, and reported net of accumulated depreciation and amortization. Tenant improvements, which are included in buildings and improvements, are also stated at cost. Expenditures for ordinary maintenance and repairs are expensed to operations as they are incurred. Renovations and or replacements, which improve or extend the life of the asset are capitalized and depreciated over their estimated useful lives. Tenant improvements that are unlikely to survive a change in tenants are amortized over the lesser of the estimated useful life of the asset or the lease term including any bargain renewals.
Real Estate Held for Development and Sale, Policy [Policy Text Block]		Real estate held for development - Real estate held for development is stated at the lower of cost or net realizable value. In addition to land, land development and construction costs, real estate held for development includes legal, engineering and other related soft development costs, interest, real estate taxes, and related development and construction overhead costs which are capitalized during the development and construction period.
		Net realizable value represents estimates, based on management's present plans and intentions, of sale price less development and disposition cost, assuming that disposition occurs in the normal course of business.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]		Long-lived assets - On an annual basis, or earlier when events and circumstances dictate, management assesses whether there are any indicators that the carrying value of the real estate properties may be impaired. A property's carrying value is impaired only if management's estimate of the aggregate future cash flows (undiscounted and without interest charges) to be generated by the property are less than the carrying value of the property. Such cash flows include factors such as expected future operating income, trends and prospects, as well as the effects of demand, competition and other factors. To the extent impairment occurs, the loss is measured as the excess of the carrying amount of the property over the estimated fair value of the property.
		The Company is required to make subjective assessments as to whether there are impairments in the carrying value of its real estate properties and other investments. Estimates are subjective and actual results could differ materially from such estimates. These assessments have a direct impact on the Company's net income, since an impairment charge results in an immediate negative adjustment to net income.
Depreciation, Depletion, and Amortization [Policy Text Block]		Depreciation and amortization - Depreciation and amortization are provided on the straight-line method over the estimated useful lives of the assets, as follows:
		Buildings and improvements (years)	5	to	39
		Machinery and equipment (years)	3	to	20
		Tenant improvements that are unlikely to have a life beyond the tenant life are amortized over the lesser of the useful life of the asset or the tenant lease term including bargain renewals.
Revenue Recognition, Policy [Policy Text Block]	Revenue recognition – Base rents from rental properties are recognized on a straight-line basis over the terms of the related leases. The excess of rents recognized over amounts contractually due, if any, are included in deferred rents receivable on the Company's balance sheets. Alternatively, rents received in advance of rents recognized, if any, are included in deferred rent liability on the Company’s balance sheet. Certain leases also provide for tenant reimbursements of common area maintenance, other operating expenses and real estate taxes all of which are reported in tenant reimbursements on the consolidated statements of operations. Ancillary and other property related income is recognized in the period earned.	Revenue recognition – Base rents from rental properties are recognized on a straight-line basis over the terms of the related leases. The excess of rents recognized over amounts contractually due, if any, are included in deferred rents receivable on the Company's balance sheets. Alternatively, rents received in advance of rents recognized, if any, are included in deferred rent liability on the Company’s balance sheet. Certain leases also provide for tenant reimbursements of common area maintenance, other operating expenses and real estate taxes all of which are reported in tenant reimbursements on the consolidated statements of operations. Ancillary and other property related income is recognized in the period earned.
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]		Allowance for doubtful accounts – Rent receivable is carried at Net Realizable Value. Management makes estimates of the collectability of rents receivable. Management specifically analyzes receivables and historical bad debts, customer concentrations, customer credit-worthiness, current economic trends and changes in customer payment terms when evaluating the adequacy of the allowance for doubtful accounts.
Equity Method Investments, Policy [Policy Text Block]		Investments - The Company has an estimated 9.32% limited partnership interest in Callery-Judge Grove, L.P. (the "Grove") that in 2013 sold its only property a 3700+ acre citrus grove in Palm Beach County, Florida. The Company is accounting for this investment under the equity method. The Company also follows applicable accounting guidance which addresses investments that do not have a readily determinable fair value.
Marketable Securities, Policy [Policy Text Block]		Investment in Marketable Securities - The Company determines the appropriate classification of securities at the time of purchase and reassesses the appropriateness of such classification at each reporting date. All marketable securities held by the Company have been classified as available-for-sale and, as a result, are stated at fair value, based on a pricing model that incorporates coupon type, prepayment speeds and the type of collateral backing the securities. Unrealized gains and losses on available-for-sale securities are recorded as a separate component of stockholders’ equity. Any realized gains and losses on the sale of securities, as determined on a first-in, first-out basis, will be included in the Consolidated Statements of Operations.
		The Company reviews its investments on a regular basis to evaluate whether or not each security has experienced an other-than-temporary decline in fair value. If it is believed that an other-than-temporary decline exists, the Company will write down the investment to fair market value and record the related write-down in the Consolidated Statements of Operations.
Finance, Loans and Leases Receivable, Policy [Policy Text Block]		Loans Receivable. Loans held for investment are intended to be held to maturity and, accordingly, are carried at cost, net of unamortized loan origination costs and fees, loan purchase discounts, and net of an allowance for loan losses when such loan is deemed to be impaired. Loan origination costs and fees and loan purchase discounts are amortized over the term of the loan. The Company considers a loan impaired when, based upon current information and events, it is probable that it will be unable to collect all amounts due for both principal and interest according to the contractual terms of the loan agreement. Significant judgments are required in determining whether impairment has occurred. The Company performs an impairment analysis by comparing either the present value of expected future cash flows discounted at the loan's effective interest rate, the loan's observable current market price or the fair value of the underlying collateral to the net carrying value of the loan, which may result in an allowance and corresponding loan loss charge. Interest income is recorded on a cash basis for impaired loans.
Cash and Cash Equivalents, Policy [Policy Text Block]		Cash equivalents - The Company considers all highly liquid debt instruments purchased with maturities of three months or less to be cash equivalents.
Income Tax, Policy [Policy Text Block]		Income taxes - Effective May 1, 2006, the Company operates as a REIT for federal and state income tax purposes. As a REIT, the Company is generally not subject to income taxes. To maintain its REIT status, the Company is required to distribute at least 90% of its annual REIT taxable income, as defined by the Code, to its shareholders, among other requirements. If the Company fails to qualify as a REIT in any taxable year, the Company will be subject to federal and state income tax on its taxable income at regular corporate tax rates. Although the Company qualified for taxation as a REIT, the Company may be subject to certain state and local taxes on its income and property and Federal income and excise taxes on its undistributed income. The Company believes that it has met the REIT distribution and technical requirements for the years ended December 31, 2013, 2012 and 2011 and therefore, qualified as a REIT and was not subject to any federal and state income taxes. Management intends to continue to adhere to these requirements and maintain the Company’s REIT status.
		The Company’s investment in the Grove is held in a TRS, of the Company and is subject to federal and state income taxes. Taxable REIT subsidiaries perform non-customary services for tenants, hold assets that the Company cannot hold directly and generally may engage in any real estate or non-real estate related business. Accordingly, through the investment in the Grove, the Company is subject to corporate federal and state income taxes on the Company’s share of the Grove’s taxable income for the years ended December 31, 2013, 2012 and 2011.
		Deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities, and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse.
		The Company follows the guidance of FASB Accounting Standards Codification, Accounting for Uncertainty in Income Taxes. This guidance, among other things, creates a two-step approach for evaluating uncertain tax positions. Recognition (step one) occurs when an enterprise concludes that a tax position, based solely on its technical merits, is more-likely-than-not to be sustained upon examination. Measurement (step two) determines the amount of benefit that more-likely-than-not will be realized upon settlement. Derecognition of a tax position that was previously recognized would occur when a company subsequently determines that a tax position no longer meets the more-likely-than-not threshold of being sustained. This interpretation specifically prohibits the use of a valuation allowance as a substitute for derecognition of tax positions, and it has expanded disclosure requirements. The Company’s open tax years are 2010, 2011, and 2012.
Deferred Charges, Policy [Policy Text Block]		Deferred expenses - Deferred expenses consist primarily of debt and leasing costs. Debt costs are amortized using the straight line method which approximates the interest method over the term of the related debt instruments and deferred leasing costs are amortized over term of the related lease including bargain renewals.
Use of Estimates, Policy [Policy Text Block]		Use of estimates - The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The most significant assumptions and estimates relate to depreciable lives and the valuation of real estate.
Inventory, Real Estate, Policy [Policy Text Block]		Purchase Accounting and Acquisition of Real Estate - The fair value of the real estate acquired including the impact of assumed debt, is allocated to the acquired tangible assets comprised of land, buildings and improvements and identifiable intangible assets and liabilities comprised of above-market and below-market leases, value of leases in place, tenant relationships, assumed debt and other assumed liabilities (example is environmental, legal, etc.), based on their relative fair values at the date of acquisition of each element.
Fair Value Measurement, Policy [Policy Text Block]		Fair Value Measurements – The Company follows the guidance of FASB Accounting Standards Codification, Fair Value Measurements and Disclosures to determine the fair value of financial and non-financial instruments. The guidance defines fair value, establishes a hierarchy framework for measuring fair value and expands disclosures related to the fair value. The guidance establishes a hierarchy breaking down observable and unobservable inputs into three levels: Level 1 – observable inputs in an active market on or around the measurement date, Level 2 – observable inputs that are based on prices not quoted on active markets but corroborated by market data and Level 3 – unobservable inputs utilized when no other data is available.
Comprehensive Income, Policy [Policy Text Block]		Comprehensive income - The Company reports comprehensive income in accordance with the guidance of FASB Accounting Standards Codification, Reporting Comprehensive Income. This statement defines comprehensive (loss) income as the changes in equity of an enterprise except those resulting from stockholders’ transactions. Accordingly, comprehensive (loss) income includes certain changes in equity that are excluded from net (loss) income. The Company’s comprehensive (loss) income items include net (loss) income, the unrealized change in fair value of marketable securities, interest rate swaps and unrecognized actuarial pension gains (loss).
New Accounting Pronouncements, Policy [Policy Text Block]		New accounting pronouncements
		In July, 2012, the FASB issued ASU 2012-02, “Intangibles – Goodwill and Other (Topic). ASU 2012-02 amends the required annual impairment testing of indefinite-lived intangible assets by providing an entity an option to first assess qualitative factors to determine whether it is more likely than not that the fair value of the indefinite-lived asset is less than its carrying amount. If, after assessing the totality of events and circumstances, an entity determines it is not more likely than not that the fair value of the indefinite-lived asset is less than its carrying amount, then performing the two-step impairment test under Topic 350-30 is unnecessary. However, if an entity concludes otherwise, then it is required to perform the impairment testing under Topic 350-30-35-18F by calculating the fair value of the reporting unit and comparing the results with the carrying amount. If the fair value exceeds the carrying amount, then the entity must perform the second step test of measuring the amount of the impairment test under Topic 350-30-35-19. An entity has the option to bypass the qualitative assessment and proceed directly to the two step goodwill impairment test. Additionally, the entity has the option to resume with the qualitative testing in any subsequent period. The pronouncement is effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012 and early adoption is permitted. The Company’s adoption of the new standard did not have a material effect on the Company’s consolidated financial position or results of operations.
		In February 2013, the FASB issued ASU 2013-02, “Comprehensive Income (Topic 220), Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.” The amendments do not change the current requirements for reporting net income or other comprehensive income in financial statements. However, the amendments require an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of the net income but only if the amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required under U.S. GAAP that provide additional detail about those amounts. The pronouncement is effective for fiscal years and interim periods ending after December 15, 2012. The adoption of this pronouncement did not have a material effect on the Company’s consolidated financial position or results of operations.
		In July 2013, the FASB issued ASU 2013-11, “Income Taxes (Topic 740), Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists”. ASU 2013-11 amends the current guidance to eliminate the diversity in practice in the presentation of unrecognized tax benefits. An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. The pronouncement is effective prospectively for fiscal years and interim periods beginning after December 15, 2013, and retrospective application is permitted. The adoption of this pronouncement did not have a material effect on the Company’s consolidated financial position or results of operations.
		In April 2013, the FASB issued ASU 2013-07, “Presentation of Financial Statement (Topic 205), Liquidation Basis of Accounting.” The amendment requires an entity to prepare its financial statements using the liquidation basis of accounting when liquidation is imminent. Liquidation is imminent when the likelihood is remote that the entity will return from liquidation and either (a) a plan for liquidation is approved by the person or persons with the authority to make such a plan effective and the likelihood is remote that the plan execution of the plan will be blocked by other parties or (b) a plan for liquidation is being imposed by other forces. Financial statements prepared using the liquidation basis of accounting are required to present relevant information about an entity’s expected resources in liquidation by measuring and presenting assets at the amount of the expected cash proceeds from liquidation. The entity should include in its presentation of assets any item it had not previously recognized under U.S. GAAP but that it expects to either sell in liquidation or use in settling liabilities. An entity should recognize and measure liabilities in accordance with U.S. GAAP that otherwise applies to those liabilities. The entity is also required to accrue and separately present the costs that it expects to incur and the income that it expects to earn during the expected duration of the liquidation, including any costs associated with sale or settlement of those assets and liabilities. Additionally, the amendment requires disclosures about an entity’s plan for liquidation, the methods and significant assumptions used to measure assets and liabilities, the type and amount of costs and income accrued, and the expected duration of the liquidation process. The pronouncement is effective for entities that determine liquidation is imminent during annual reporting periods beginning after December 15, 2013 and interim reporting periods therein, early adoption is permitted. The adoption of this pronouncement did not have a material effect on the Company’s consolidated financial position and results of operations including changing theCompany’s financial reporting to a “Consolidated Statement of Net Assets” and a “Consolidated Statement of Changes in Net Assets.”
Reclassification, Policy [Policy Text Block]		Reclassifications- Certain reclassifications have been made to the consolidated financial statements for the year ended December 31, 2012 and 2011 to conform to the classifications used in the current year.
Revenue Recognition, Real Estate Transactions, Policy [Policy Text Block]	Gains on sales of real estate - Gains on sales of real estate are recognized based upon the specific timing of the sale as measured against various criteria related to the terms of the transactions and any continuing involvement associated with the properties. If the sales criteria are not met, the gain is deferred and the finance, installment or cost recovery method, as appropriate, is applied until the sales criteria are met. To the extent GSD sells a property and retains a partial ownership interest in the property, the Company recognizes gain to the extent of the third-party ownership interest.
Discontinued Operations, Policy [Policy Text Block]	Assets Held For Sale and Discontinued Operations- Assets and liabilities of properties that meet various held for sale criteria, including whether it is probable that a sale will occur within 12 months, are presented separately in the Consolidated Balance Sheets as “Assets held for Sale”, with assets and liabilities being separately stated. The operating results of these properties are reflected as discontinued operations in the Consolidated Statements of Operations. Properties classified as held for sale are carried at the lower of net carrying value or estimated fair value less costs to sell and depreciation and amortization are no longer recognized. Properties that do not meet the held for sale criteria are accounted for as operating properties.
Impaired Real Estate Assets [Member]
Accounting Policies, by Policy (Policies) [Line Items]
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]		Impairment of real estate investments- The Company assesses on a regular basis whether there are any indicators that the carrying value of real estate assets may be impaired. Potential indicators may include an increase in vacancy at a property, tenant reduction in utilization of a property, tenant financial instability and the potential sale of the property in the near future. An asset is determined to be impaired if the asset's carrying value is in excess of its estimated fair value. During the third quarter of 2013, the Company recognized aggregate impairment charges of $2,100,000 on real estate assets classified in continuing operations. The Company has explored the possible disposition of its medical properties and determined that the expected undiscounted cash flows based upon revised estimated holding periods of one of its real estate properties is below the current carrying value. Accordingly, the Company reduced the carrying value of the property to its estimated fair value.

Note_2_Summary_of_Significant_1

Note 2 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]
Property, Plant and Equipment [Table Text Block]	Buildings and improvements (years)	5	to	39
	Machinery and equipment (years)	3	to	20

Note_3_Earnings_per_Share_Tabl

Note 3 - Earnings per Share (Tables)	9 Months Ended						12 Months Ended
	Sep. 30, 2014						Dec. 31, 2013
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]		Nine Months Ended September 30,						Years Ended December 31,
	BASIC	2014			2013		BASIC	2013		2012		2011
	Net (loss) income attributable to Gyrodyne:						Net income (loss) attributable to Gyrodyne	$	46,063,206	$	99,048,253	$	(1,124,665	)
	Continuing operations	$	(61,622	)	$	47,380,476	Weighted average number of common shares outstanding		1,482,680		1,482,680		1,340,706
	Discontinued operations		-			-	Net Income (loss) per common share attributable to Gyrodyne (“EPS”)	$	31.07	$	66.8	$	(0.84	)
	Net (loss) income attributable to Gyrodyne		(61,622	)		47,380,476
	Weighted average number of common shares outstanding		1,482,680			1,482,680
	Net (loss) income per common share attributable to Gyrodyne (“EPS”):
	Continuing operations	$	(0.04	)	$	31.96
	Discontinued operations		-			-
	Net (loss) income per common share attributable to Gyrodyne (“EPS”)	$	(0.04	)	$	31.96

Note_4_Investment_in_Marketabl1

Note 4 - Investment in Marketable Securities (Tables)	9 Months Ended							12 Months Ended
	Sep. 30, 2014							Dec. 31, 2013
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]		30-Sep-14			31-Dec-13			Mortgage-backed securities	2013			2012
	Amortized cost	$	6,137,249		$	3,446,037		Amortized Cost	$	3,446,037		$	4,442,185
	Gross Unrealized Losses		(65,743	)		(65,173	)	Gross Unrealized Gains (losses)		(65,173	)		74,287
	Fair Value*	$	6,071,506		$	3,380,864		Fair Value*	$	3,380,864		$	4,516,472

Note_6_Accrued_Liabilities_Tab

Note 6 - Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2013
Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]
Schedule of Accrued Liabilities [Table Text Block]		December 31,
		2013		2012
	Payroll and related taxes	$	137,389	$	108,931
	Professional fees		112,228		142,856
	Directors fees under the ICP		2,850,199		19,500
	Other		146,587		6,695
	Total	$	3,246,403	$	277,982

Note_7_Mortgage_Loans_Payable_

Note 7 - Mortgage Loans Payable (Tables)	9 Months Ended					12 Months Ended
	Sep. 30, 2014					Dec. 31, 2013
Mortgage Loans on Real Estate [Abstract]
Schedule of Debt [Table Text Block]		30-Jun-14		31-Dec-13			31-Dec-13		31-Dec-12
	Global Dividend Note Payable	$	16,144,614	$	16,144,614	Mortgage payable – Port Jefferson Professional Park (a)	$	-	$	5,013,415
	Global Note Payable		302,813		-		$	-	$	5,013,415
	Total Notes Payable	$	16,447,427	$	16,144,614

Note_8_Income_Taxes_Tables

Note 8 - Income Taxes (Tables)	9 Months Ended							12 Months Ended
	Sep. 30, 2014							Dec. 31, 2013
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]									Years Ended December 31,
									2013			2012			2011
								Current:
								Federal	$	95,558		$	-		$	-
								State		-			-			-
									$	95,558		$	-		$	-
								Deferred:
								Federal	$	(53,505,000	)	$	53,505,000		$	-
								State		(8,144,000	)		8,144,000			-
									$	(61,649,000	)	$	61,649,000		$	-
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]		September 30,			December 31,				December 31,
		2014			2013				2013			2012
	Deferred Tax Liabilities:							Deferred Tax Liabilities:
	Unrealized gain on investment in Citrus Grove	$	(1,315,000	)	$	(1,315,000	)
	Net Deferred Income Taxes	$	(1,315,000	)	$	(1,315,000	)	Gain on condemnation	$	-		$	(61,649,000	)
								Unrealized gain on investment in Citrus Grove		(1,315,000	)		(1,315,000	)
								Net Deferred Income Taxes	$	(1,315,000	)	$	(62,964,000	)
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]									Year Ended December 31,
									2013			2012			2011
								U.S. Federal Statutory Income Rate		-			-			-
								State Income Tax, net of federal tax benefits		-			-			-
								Deferred Taxes Resulting from REIT Election and Pending Reinvestment of Condemnation Proceeds		-	%*		38.4	%		-	%
								Differences Related to Investment in Citrus Grove		-	%		-	%		-	%
										-	%		38.4	%		-	%

Note_9_Retirement_Plans_Tables

Note 9 - Retirement Plans (Tables)	9 Months Ended													12 Months Ended
	Sep. 30, 2014													Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]															December 31,
															2013			2012			2011
														Pension Benefits
														Reconciliation of Benefit Obligation:
														Obligation	$	4,625,576		$	3,820,407		$	3,111,154
														Service cost		261,033			182,848			155,831
														Interest cost		251,634			180,173			172,147
														Actuarial (gain)loss		(1,080,104	)		1,475,649			225,968
														Benefit payments		(98,212	)		(1,033,501	)		(120,567	)
														Amendments		-			-			275,874
														Obligation	$	3,959,927		$	4,625,576		$	3,820,407
														Reconciliation at Fair Value of Plan Assets:
														Fair value of plan assets, beginning of year	$	4,132,920		$	4,885,250		$	4,131,332
														Actual return on plan assets		534,026			281,171			874,485
														Actual Contributions		-			-			-
														Benefit payments		(98,212	)		1,033,501			(120,567	)
														Fair Value of Plan Assets, end of year	$	4,568,734		$	4,132,920		$	4,885,250
														Funded Status:
														Asset(liability)	$	608,807		$	(492,656	)	$	1,064,843
														Unrecognized (gain) loss		(183,962	)		1,270,090			(292,031	)
														Net Amount Recognized	$	424,845		$	777,434		$	772,812
Schedule of Net Benefit Costs [Table Text Block]		Nine Months Ended						Three Months Ended							December 31,
		September 30,						September 30,							2013			2012			2011
		2014			2013			2014			2013
	Pension Benefits													Pension Benefits
	Service Cost	$	139,280		$	195,775		$	46,427		$	65,258		Service Cost	$	261,033		$	182,848		$	155,831
	Interest Cost		137,126			188,726			45,708			62,909		Interest Cost		251,634			180,173			172,147
	Expected Return on Plan Assets		(270,932	)		(244,639	)		(90,310	)		(81,546	)	Expected Return on Plan Assets		(326,186	)		(386,056	)		(324,970	)
	Amortization of prior service costs		16,932			16,932			5,644			5,644		Amortization of prior service cost		22,576			22,576			22,576
	Amortization of Actuarial Loss		-			107,648			-			35,883		Amortization of Actuarial Loss		143,532			(4,163	)		(1,203	)
	Net Periodic Pension Benefit Cost After Curtailments and Settlements	$	22,406		$	264,442		$	7,469		$	88,148		Net Periodic Benefit Cost After Curtailments and Settlements	$	352,589		$	(4,622	)	$	24,381
	Minimum required contribution	$	-		$	-		$	-		$	-
	Expected contribution	$	-		$	-		$	-		$	-
Schedule of Assumptions Used [Table Text Block]															December 31,
															2013			2012			2011
														Pension Benefits
														Weighted-Average Assumptions
														Discount rate		4.68	%		4.31	%		4.78	%
														Expected return on plan assets		8	%		8	%		8	%
														Rate of compensation increase		3	%		3	%		3	%
Schedule of Allocation of Plan Assets [Table Text Block]															December 31,
															2013			2012
														Common Stock – Gyrodyne Company of America, Inc.		9.5	%		59.9	%
														Gyrodyne Special Distribution, LLC		15.6	%
														Gyrodyne Company of America – dividend notes		8.2	%
														Fixed Income Funds		17.5	%		17.7	%
														Other Funds		49.2	%		22.4	%
														Total		100	%		100	%
Fair Value, Assets Measured on Recurring Basis [Table Text Block]														As of December 31, 2013	Quoted Prices In An Active Market			Values Based			Total
															(Level 1)			On A Level 3
																		Methodology
														Common Stock – Gyrodyne Company of America, Inc. (shares of 34,325)	$	436,271		$	-		$	436,271
														Gyrodyne Special Distribution LLC (34,325 units)					710,528			710,528
														Gyrodyne dividend notes					373,799			373,799
														Taxable Fixed Income Funds		800,153						800,153
														Corporate/Foreign Bonds		452,875						452,875
														US Government Agency		195,010						195,010
														Money Market Funds		1,595,818						1,595,818
														Accrued Income		4,280						4,280
														Total	$	3,484,407		$	1,084,327		$	4,568,734
Schedule of Expected Benefit Payments [Table Text Block]														Years Ending December 31,	Amount
														2014	$	129,026
														2015		121,567
														2016		115,318
														2017		113,161
														2018		108,949
														2019 – 2023		965,862
															$	1,553,883

Note_10_Incentive_Compensation1

Note 10 - Incentive Compensation Plan (Tables)	9 Months Ended					12 Months Ended
	Sep. 30, 2014					Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Activity [Table Text Block]						PLAN PARTICPANTS	COMPENSATION		DIRECTOR FEES		Total
						Board of Directors(1)	$	-	$	2,850,199	$	2,850,199
						Chief Operating Officer	$	681,021		-	$	681,021
						Former Chief Executive Officer	$	933,251		-	$	933,251
						Chief Executive Officer		-		-		-
						Chief Financial Officer		-		-		-
						Other Employees(2)	$	580,129		-	$	580,129
						Total	$	2,194,401	$	2,850,199	$	5,044,600
						PLAN PARTICPANTS	COMPENSATION		DIRECTOR FEES		Total
						Board of Directors			$	2,380,345	$	2,380,345
						Chief Operating Officer	$	568,755				568,755
						Former Chief Executive Officer		779,405				779,405
						Chief Financial Officer		-				-
						Other Employees *		484,495				484,495
						Total	$	1,832,655	$	2,380,345	$	4,213,000
Schedule of Other Share-based Compensation, Activity [Table Text Block]	Employees	Number of Units under Plan		Maximum Benefit relating to the 2013 Non-Cash Dividends		Employees	Number of Shares under Plan		Maximum Benefit relating to the 2013 Non-Cash Dividends		Total Maximum Benefit
	COO		14,850	$	31,482	Former CEO		20,350	$	43,142	$	259,870
	Employees		4,400	$	9,328	All other former employees		8,250	$	17,490	$	107,915
	Directors		53,900	$	114,268	Former director		8,250	$	17,490	$	105,728
	Total ICP excluding termed employees and directors		73,150	$	155,078	Total Maximum Benefit		36,850	$	78,122	$	473,513
	Former CEO		20,350	$	43,142
	All other former employees		8,250	$	17,490
	Former director		8,250	$	17,490
	Total former Board members and former employees		36,850	$	78,122
	Total maximum ICP to be paid		110,000	$	233,200

Note_11_Credit_Quality_of_Rent1

Note 11 - Credit Quality of Rents Receivable (Tables)	12 Months Ended
	Dec. 31, 2013
Receivables [Abstract]
Summary of Valuation Allowance [Table Text Block]	Allowance for Doubtful Accounts	31-Dec-13			31-Dec-12
	Beginning balance	$	67,000		$	103,000
	Bad debt expense		36,000			24,000
	Accounts receivable written off		(29,000	)		(60,000	)
	Ending Balance	$	74,000		$	67,000

Note_13_Commitments_Tables

Note 13 - Commitments (Tables)	9 Months Ended			12 Months Ended
	Sep. 30, 2014			Dec. 31, 2013
Disclosure Text Block Supplement [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Twelve Months Ending September 30,	Amount		Years Ending December 31,	Amount
	2015	$	3,789,000	2014	$	3,903,000
	2016		3,044,000	2015		2,987,000
	2017		2,262,000	2016		2,364,000
	2018		1,941,000	2017		1,728,000
	2019		1,567,000	2018		1,486,000
	Thereafter		3,126,000	Thereafter		3,060,000
		$	15,729,000		$	15,528,000
Other Commitments [Table Text Block]	Incentive Compensation Plan	$	233,200
	Management Employment agreements with bonus and severance commitment contingencies		600,000
	Other employee severance commitment contingencies		120,000
	Total	$	953,200

Note_14_Fair_Value_of_Financia1

Note 14 - Fair Value of Financial Instruments (Tables)	9 Months Ended									12 Months Ended
	Sep. 30, 2014									Dec. 31, 2013
Note 14 - Fair Value of Financial Instruments (Tables) [Line Items]
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]		Balance		Fair Value Measurements Using							31-Dec-13				31-Dec-12
	Description	30-Sep-14		(Level 1)		(Level 2)		(Level 3)		Description	Carrying Value		Fair Value		Carrying Value		Fair Value
	Impaired real estate assets	$	6,181,331	$	—	$	—	$	6,181,331
		Balance		Fair Value Measurements Using									(Level 2)				(Level 2)
	Description	31-Dec-13		(Level 1)		(Level 2)		(Level 3)		Investment in Marketable Securities	$	3,380,864*	$	3,380,864*	$	4,516,472	$	4,516,472
	Impaired real estate assets	$	6,508,394	$	—	$	—	$	6,508,394
Fair Value, Assets Measured on Recurring Basis [Table Text Block]										As of December 31, 2013	Quoted Prices In An Active Market		Values Based		Total
											(Level 1)		On A Level 3
													Methodology
										Common Stock – Gyrodyne Company of America, Inc. (shares of 34,325)	$	436,271	$	-	$	436,271
										Gyrodyne Special Distribution LLC (34,325 units)				710,528		710,528
										Gyrodyne dividend notes				373,799		373,799
										Taxable Fixed Income Funds		800,153				800,153
										Corporate/Foreign Bonds		452,875				452,875
										US Government Agency		195,010				195,010
										Money Market Funds		1,595,818				1,595,818
										Accrued Income		4,280				4,280
										Total	$	3,484,407	$	1,084,327	$	4,568,734
Fair Value, by Balance Sheet Grouping [Table Text Block]		30-Sep-14				31-Dec-13
	Description	Carrying Value		Fair Value		Carrying Value		Fair Value
				(Level 2)				(Level 2)
	Investment in Marketable Securities	$	6,071,506	$	6,071,506*	$	3,380,864	$	3,380,864
Impaired Real Estate Assets [Member]
Note 14 - Fair Value of Financial Instruments (Tables) [Line Items]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]											Balance		Fair Value Measurements Using
										Description	31-Dec-13		(Level 1)		(Level 2)		(Level 3)
										Impaired real estate assets	$	6,503,092	$	—	$	—	$	6,503,092

Note_16_Equity_Tables

Note 16 - Equity (Tables)	9 Months Ended							12 Months Ended
	Sep. 30, 2014							Dec. 31, 2013
Stockholders' Equity Note [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]		30-Sep-14			31-Dec-13				Pension Plan Adjustments			Unrealized Gains (Losses) on Investments			Unrealized Gains (Losses) on Interest Rate Swaps			Total
	Unrecorded loss on investments	$	(65,743	)	$	(65,173	)	Balance – January 1, 2011	$	222,985		$	-		$	(120,602	)	$	102,383
	Unrecorded gain on pension		183,962			183,962		Other comprehensive income before reclassifications		93,427			-			-			93,427
	Accumulated other comprehensive income	$	118,219		$	118,789		Amounts reclassified from accumulated other comprehensive income		(24,381	)		-			120,602			96,221
								Net current period other comprehensive income		69,046			-			120,602			189,648
								Balance – December 31, 2011		292,031			-			-			292,031
								Other comprehensive income before reclassifications		(1,566,743	)		74,287			-			(1,492,456	)
								Amounts reclassified from accumulated other comprehensive income		4,622			-			-			4,622
								Net current period other comprehensive income		(1,562,121	)		74,287			-			(1,487,834	)
								Balance – December 31, 2012		(1,270,090	)		74,287			-			(1,195,803	)
								Other comprehensive income before reclassifications		1,806,641			(139,460	)		-			1,667,181
								Amounts reclassified from accumulated other comprehensive income		(352,589	)		-			-			(352,589	)
								Net current period other comprehensive income		1,454,052			(139,460	)		-			1,314,592
								Balance – December 31, 2013	$	183,962		$	(65,173	)	$	-		$	118,789

Note_19_Supplementary_Informat1

Note 19 - Supplementary Information - Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information [Table Text Block]	Year Ended December 31, 2013	First			Second			Third			Fourth
	Rental Income	$	1,099,584		$	1,104,502		$	1,156,360		$	1,126,637
	Tenant reimbursements		189,640			115,756			124,090			113,400
	Total revenue		1,289,224			1,220,258			1,280,450			1,240,037
	Rental Property Expense		(662,670	)		(607,933	)		(606,722	)		(637,205	)
	Income from Rental Property		626,554			612,325			673,728			602,832
	(Expense) on Condemnation		(2,360	)		-			-			-
	Net (Loss) Income	$	(882,777	)	$	(444,737	)	$	48,707,990		$	(1,325,271	)
	Net (Loss) Per Common Share
	Basic and Diluted	$	(.60	)	$	(.30	)	$	32.85		$	(.89	)
	Year Ended December 31, 2012	First			Second			Third			Fourth
	Rental Income	$	1,187,267		$	1,101,161		$	1,059,576		$	1,100,398
	Tenant reimbursements		148,869			143,763			137,037			111,037
	Total revenue		1,336,136			1,244,924			1,196,613			1,211,435
	Rental Property Expense		(594,549	)		(555,633	)		(582,901	)		(574,953	)
	Income from Rental Property		741,587			689,291			613,712			636,482
	Income (expense) on condemnation		(63,199	)		100,111,890			(17,839	)		(2,050	)
	Interest income on condemnation		-			67,265,788			104,928			(29,000	)
	Net (Loss) Income	$	(268,944	)	$	105,494,044		$	(532,782	)	$	(5,644,065	)
	Net (Loss) Income Per Common Share
	Basic and Diluted	$	(.18	)	$	71.15		$	(.36	)	$	(3.81	)
	Year Ended December 31, 2011	First			Second			Third			Fourth
	Rental Income	$	1,260,181		$	1,206,799		$	1,224,553		$	1,195,290
	Tenant reimbursements		150,519			154,195			152,222			175,945
	Total Revenue		1,410,699			1,360,994			1,376,775			1,371,235
	Rental Property Expense		(625,449	)		(588,960	)		(562,898	)		(570,093	)
	Income from Rental Property		785,250			772,034			813,877			801,142
	Income (Expense) on Condemnation		(168,666	)		(53,024	)		(17,299	)		(94,319	)
	Interest income on condemnation		-			-			-			-
	Net (Loss)	$	(349,155	)	$	(244,729	)	$	(152,918	)	$	(377,863	)
	Net (Loss) Per Common Share
	Basic and Diluted	$	(.27	)	$	(.19	)	$	(.12	)	$	(.26	)

Note_5_Consolidating_Financial1

Note 5 - Consolidating Financial Information (Tables)	9 Months Ended
	Sep. 30, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Balance Sheet [Table Text Block]		Gyrodyne Company of America, Inc. and Subsidiaries			GSD, LLC			Total			Eliminations			Consolidated
	ASSETS
	REAL ESTATE
	Rental property:
	Land	$	-		$	1,733,693		$	1,733,693		$	-		$	1,733,693
	Building and improvements		-			11,307,442			11,307,442			-			11,307,442
	Machinery and equipment		-			344,733			344,733			-			344,733
			-			13,385,868			13,385,868			-			13,385,868
	Less accumulated depreciation		-			4,807,276			4,807,276			-			4,807,276
			-			8,578,592			8,578,592			-			8,578,592
	Land held for development:
	Land		-			558,466			558,466			-			558,466
	Land development costs		-			1,923,822			1,923,822			-			1,923,822
			-			2,482,288			2,482,288			-			2,482,288
	Total real estate, net		-			11,060,880			11,060,880			-			11,060,880
	Assets held for sale		-			22,411,392			22,411,392			-			22,411,392
	Cash and cash equivalents		4,377,093			-			4,377,093			-			4,377,093
	Investment in marketable securities		6,071,506			-			6,071,506			-			6,071,506
	Rent receivable, net of allowance for doubtful accounts of approximately $74,000		-			31,988			31,988			-			31,988
	Deferred rent receivable		-			48,365			48,365			-			48,365
	GSD Line of Credit		3,000,459			-			3,000,459			(3,000,459	)		-
	Prepaid expenses and other assets		92,246			258,602			350,848			-			350,848
	Prepaid pension costs		586,401			-			586,401			-			586,401
	Mortgage receivable		13,130,802			-			13,130,802			(13,130,802	)		-
	Total Assets	$	27,258,507		$	33,811,227		$	61,069,734		$	(16,131,261	)	$	44,938,473
	LIABILITIES AND EQUITY
	LIABILITIES:
	Accounts payable	$	105,743		$	144,780		$	250,523		$	-		$	250,523
	Accrued liabilities		513,515			-			513,515			-			513,515
	Deferred rent liability		-			23,557			23,557			-			23,557
	Tenant security deposits payable		-			253,100			253,100			-			253,100
	Liabilities related to assets held for sale		-			9,667,675			9,667,675			(9,301,752	)		365,923
	GSD Line of Credit		-			3,000,459			3,000,459			(3,000,459	)		-
	Mortgage Payable		-			3,829,050			3,829,050			(3,829,050	)		-
	Deferred income taxes		1,315,000			-			1,315,000			-			1,315,000
	Dividend payable		682,033						682,033						682,033
	Notes payable		16,447,427			-			16,447,427			-			16,447,427
	Total Liabilities		19,063,718			16,918,621			35,982,339			(16,131,261	)		19,851,078
	Commitments and contingencies
	EQUITY:
	Common stock, $1 par value; authorized 4,000,000 shares; 1,723,888 shares issued; 1,482,680 shares outstanding		1,723,888			-			1,723,888			-			1,723,888
	Additional paid-in capital		17,753,505			-			17,753,505			-			17,753,505
	Accumulated other comprehensive income		118,219			-			118,219			-			118,219
	Deficit		(9,863,126	)		(2,173,862	)		(12,036,988	)		2,173,862			(9,863,126	)
			9,732,486			(2,173,862	)		7,558,624			2,173,862			9,732,486
	Less cost of shares of common stock held in treasury; 241,208		(1,537,697	)		-			(1,537,697	)		-			(1,537,697	)
	Total Gyrodyne Stockholders’ Equity		8,194,789			(2,173,862	)		6,020,927			2,173,862			8,194,789
	Non-controlling interest in GSD, LLC					19,066,468			19,066,468			(2,173,862	)		16,892,606
	Total equity		8,194,789			16,892,606			25,087,395			-			25,087,395
	Total Liabilities and Equity	$	27,258,507		$	33,811,227		$	61,069,734		$	(16,131,261	)	$	44,938,473
Condensed Income Statement [Table Text Block]		Gyrodyne Company of America, Inc.			GSD, LLC			Total			Eliminations			Consolidated
	Revenues
	Rental income	$	-		$	1,762,890		$	1,762,890			-		$	1,762,890
	Rental income - tenant reimbursements		-			239,217			239,217			-			239,217
	Other income		3,883,142			-			3,883,142			(3,883,142	)		-
	Total		3,883,142			2,002,107			5,885,249			(3,883,142	)		2,002,107
	Expenses
	Reimbursable expenses		1,150,057			-			1,150,057			(1,150,057	)		-
	Rental expenses		-			1,178,942			1,178,942			(38,885	)		1,140,057
	General and administrative expenses		1,676,938			1,544,988			3,221,926			(1,544,988	)		1,676,938
	Strategic alternative expenses		1,246,096			1,149,212			2,395,308			(1,149,212	)		1,246,096
	Depreciation		-			249,660			249,660			-			249,660
	Insurance claim recoveries in excess of cost		-			(184,339	)		(184,339	)		-			(184,339	)
	Impairment charges		-			200,000			200,000			-			200,000
	Total		4,073,091			4,138,463			8,211,554			(3,883,142	)		4,328,412
	Other Income (Expense):
	Interest income		281,679			-			281,679			(203,153	)		78,526
	Interest expense		(542,570	)		(203,153	)		(745,723	)		203,153			(542,570	)
	Total		(260,891	)		(203,153	)		(464,044	)		-			(464,044	)
	Net Loss from continued operations		(450,840	)		(2,339,509	)		(2,790,349	)		-			(2,790,349	)
	Net Income from discontinued operations		389,218			173,648			562,866			-			562,866
	Net Loss	$	(61,622	)	$	(2,165,861	)	$	(2,227,483	)	$	-		$	(2,227,483	)
		Gyrodyne Company of America, Inc.			GSD, LLC			Total			Eliminations			Consolidated
	Revenues
	Rental income	$	-		$	578,148		$	578,148		$	-		$	578,148
	Rental income – tenant reimbursements		-			60,355			60,355			-			60,355
	Other income		1,227,109			-			1,227,109			(1,227,109	)		-
	Total rental income		1,227,109			638,503			1,865,612			(1,227,109	)		638,503
	Expenses
	Reimbursable expenses		383,935			-			383,935			(383,935	)		-
	Rental expenses		-			388,881			388,881			(14,946	)		373,935
	General and administrative expenses		526,572			483,717			1,010,289			(483,717	)		526,572
	Strategic alternative expenses		373,555			344,511			718,066			(344,511	)		373,555
	Depreciation		-			82,042			82,042			-			82,042
	Insurance claim recoveries in excess of cost		-			(184,339	)		(184,339	)		-			(184,339	)
	Impairment charges		-			-			-			-			-
	Total		1,284,062			1,114,812			2,398,874			(1,227,109	)		1,171,765
	Other income (expense):
	Interest income		115,632			-			115,632			(83,030	)		32,602
	Interest expense		(206,224	)		(83,030	)		(289,254	)		83,030			(206,224	)
	Total		(90,592	)		(83,030	)		(173,622	)		-			(173,622	)
	Net loss from continued operations		(147,545	)		(559,339	)		(706,884	)		-			(706,884	)
	Net income from discontinued operations		127,736			173,591			301,327			-			301,327
	Net loss	$	(19,809	)	$	(385,748	)	$	(405,557	)	$	-		$	(405,557	)

Note_6_Real_Estate_Assets_Held1

Note 6 - Real Estate Assets Held for Sale and Discontinued Operations: (Tables)	9 Months Ended
	Sep. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]
Disclosure of Long Lived Assets Held-for-sale [Table Text Block]		Assets Held for Sale
		9/30/14		12/31/13
	Property
	Cortlandt Manor Medical Center (1)	$	8,189,751	$	8,272,231
	Fairfax Medical Center		13,539,850		13,306,789
	Accounts receivable		11,626		13,166
	Deferred rent receivable		258,251		158,340
	Prepaid expenses and other		411,914		273,795
	Total Assets Held for Sale	$	22,411,392	$	22,024,321
		Liabilities Related to Real Estate Assets Held for Sale
		9/30/14		12/31/13
	Accounts payable	$	38,865	$	106,978
	Accrued liabilities		32,378		-
	Deferred rent liability		84,043		72,535
	Tenant security deposit payable		210,637		202,453
	Total Liabilities Related to Real Estate Assets Held for Sale	$	365,923	$	381,966
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]		Three Months Ended September 30,				Nine Months Ended September 30,
		2014		2013		2014		2013
	Revenues
	Rental income	$	533,784	$	488,603	$	1,575,875	$	1,457,539
	Rental income - tenant reimbursements		41,265		37,274		152,925		145,478
	Total rental income		575,049		525,877		1,728,800		1,603,017
	Expenses
	Rental Expenses		273,722		269,139		850,999		826,312
	Depreciation		-		151,827		314,935		449,234
	Total expenses		273,722		420,966		1,165,934		1,275,546
	Net income from discontinuing operations	$	301,327	$	104,911	$	562,866	$	327,471

Note_8_Notes_Payable_Tables

Note 8 - Notes Payable: (Tables)	9 Months Ended					12 Months Ended
	Sep. 30, 2014					Dec. 31, 2013
Disclosure Text Block [Abstract]
Schedule of Debt [Table Text Block]		30-Jun-14		31-Dec-13			31-Dec-13		31-Dec-12
	Global Dividend Note Payable	$	16,144,614	$	16,144,614	Mortgage payable – Port Jefferson Professional Park (a)	$	-	$	5,013,415
	Global Note Payable		302,813		-		$	-	$	5,013,415
	Total Notes Payable	$	16,447,427	$	16,144,614

Note_20_Accumulated_Other_Comp1

Note 20 - Accumulated Other Comprehensive Income (Tables)	9 Months Ended							12 Months Ended
	Sep. 30, 2014							Dec. 31, 2013
Disclosure Text Block [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]		30-Sep-14			31-Dec-13				Pension Plan Adjustments			Unrealized Gains (Losses) on Investments			Unrealized Gains (Losses) on Interest Rate Swaps			Total
	Unrecorded loss on investments	$	(65,743	)	$	(65,173	)	Balance – January 1, 2011	$	222,985		$	-		$	(120,602	)	$	102,383
	Unrecorded gain on pension		183,962			183,962		Other comprehensive income before reclassifications		93,427			-			-			93,427
	Accumulated other comprehensive income	$	118,219		$	118,789		Amounts reclassified from accumulated other comprehensive income		(24,381	)		-			120,602			96,221
								Net current period other comprehensive income		69,046			-			120,602			189,648
								Balance – December 31, 2011		292,031			-			-			292,031
								Other comprehensive income before reclassifications		(1,566,743	)		74,287			-			(1,492,456	)
								Amounts reclassified from accumulated other comprehensive income		4,622			-			-			4,622
								Net current period other comprehensive income		(1,562,121	)		74,287			-			(1,487,834	)
								Balance – December 31, 2012		(1,270,090	)		74,287			-			(1,195,803	)
								Other comprehensive income before reclassifications		1,806,641			(139,460	)		-			1,667,181
								Amounts reclassified from accumulated other comprehensive income		(352,589	)		-			-			(352,589	)
								Net current period other comprehensive income		1,454,052			(139,460	)		-			1,314,592
								Balance – December 31, 2013	$	183,962		$	(65,173	)	$	-		$	118,789

Note_1_The_Company_Details

Note 1 - The Company (Details) (USD $)	9 Months Ended	12 Months Ended	3 Months Ended	6 Months Ended	1 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Jun. 30, 2014	Apr. 30, 2014	Dec. 31, 2010	Dec. 31, 2009
Note 1 - The Company (Details) [Line Items]
Number of Operating Segments	1	1
Number of Mortgage Investments	3	3	3
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest		9.32%
Minimum Percentage of Taxable Income Distributed to Shareholders, Maintain REIT Status		90.00%
Gyrodyne Special Distribution LLC [Member] | Consolidation, Eliminations [Member]
Note 1 - The Company (Details) [Line Items]
Mortgage Loans on Real Estate (in Dollars)	13,130,800		$13,130,800
Financing Receivable, Gross (in Dollars)	3,000,459		3,000,459
Gyrodyne Special Distribution LLC [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Note 1 - The Company (Details) [Line Items]
Variable Interest Entity, Financial or Other Support, Amount (in Dollars)			3,500,000
Gyrodyne Special Distribution LLC [Member] | Maximum [Member]
Note 1 - The Company (Details) [Line Items]
Variable Interest Entity, Financial or Other Support, Amount (in Dollars)				2,500,000
Gyrodyne Special Distribution LLC [Member]
Note 1 - The Company (Details) [Line Items]
Percentage Of Real Estate Owned	100.00%		100.00%
Number of Real Estate Properties	4		4
Investment Interest Rate	5.00%
Variable Interest Entity, Primary Beneficiary [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Note 1 - The Company (Details) [Line Items]
Variable Interest Entity, Financial or Other Support, Amount (in Dollars)			3,500,000
Variable Interest Entity, Primary Beneficiary [Member] | Maximum [Member]
Note 1 - The Company (Details) [Line Items]
Variable Interest Entity, Financial or Other Support, Amount (in Dollars)					2,500,000
Medical office park [Member] | Controlled By Parent Company [Member]
Note 1 - The Company (Details) [Line Items]
Area of Real Estate Property				131,000
Number of Real Estate Properties	2		2
Number of Units in Real Estate Property				10
Medical office park [Member]
Note 1 - The Company (Details) [Line Items]
Area of Real Estate Property		131,000
Number of Units in Real Estate Property				14
Multi-Tenant Industrial Park [Member] | Controlled By Parent Company [Member]
Note 1 - The Company (Details) [Line Items]
Area of Real Estate Property				130,000
Multi-Tenant Industrial Park [Member]
Note 1 - The Company (Details) [Line Items]
Area of Real Estate Property		130,000
Controlled By Parent Company [Member] | St. James, New York [Member]
Note 1 - The Company (Details) [Line Items]
Area of Real Estate Property				68
The Grove [Member]
Note 1 - The Company (Details) [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest	9.32%					9.99%	20.00%
Consolidation, Eliminations [Member]
Note 1 - The Company (Details) [Line Items]
Financing Receivable, Gross (in Dollars)	-3,000,459		($3,000,459)
St. James, New York [Member]
Note 1 - The Company (Details) [Line Items]
Area of Real Estate Property		68

Note_2_Summary_of_Significant_2

Note 2 - Summary of Significant Accounting Policies (Details) (USD $)	3 Months Ended	6 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Minimum Ownership Percentage in Limited Partnerships, Equity Method					5.00%
Asset Impairment Charges	$2,100,000	$200,000	$200,000	$2,100,000	$2,100,000	$0
Minimum Percentage of Taxable Income Distributed to Shareholders, Maintain REIT Status					90.00%
GSD LLC [Member] | Mortgage Obligation [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities					13,840,889
GSD LLC [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Variable Interest Entity, Consolidated, Fair Value Disclosure, Net of Obligations and Direct Liabilities					30,685,000
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net					$18,632,000
Below Current Carrying Value [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Number of Real Estate Properties					1
Callery-Judge Grove, L.P. [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Equity Method Investment, Ownership Percentage					9.32%

Note_2_Summary_of_Significant_3

Note 2 - Summary of Significant Accounting Policies (Details) - Depreciation and Amortization	12 Months Ended
	Dec. 31, 2012
Building and Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment Useful Life	5 years
Building and Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment Useful Life	39 years
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment Useful Life	3 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment Useful Life	20 years

Note_3_Earnings_per_Share_Deta

Note 3 - Earnings per Share (Details) (USD $)	3 Months Ended	12 Months Ended
	Sep. 30, 2011	Dec. 31, 2011	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
Note 3 - Earnings per Share (Details) [Line Items]
Common Stock Equivalents Outstanding		0		0	0
Number of Subscriptions Received from Investors	294,685
Common Stock, Shares Authorized	173,305		4,000,000	4,000,000	4,000,000
Stock Issued During Period, Shares, New Issues	192,641
Percentage of Basic Subscriptions Allocated to Shareholders	100.00%
Proceeds from Issuance of Common Stock (in Dollars)	$9,961,476	$9,961,476
Additional Shares [Member]
Note 3 - Earnings per Share (Details) [Line Items]
Stock Issued During Period, Shares, New Issues	19,336
Minimum [Member]
Note 3 - Earnings per Share (Details) [Line Items]
Common Stock, Value, Subscriptions (in Dollars)	9,210,000
Maximum [Member]
Note 3 - Earnings per Share (Details) [Line Items]
Common Stock, Value, Subscriptions (in Dollars)	$10,210,000

Note_3_Earnings_per_Share_Deta1

Note 3 - Earnings per Share (Details) - Summary of Net Income (Loss) Earnings Per Share (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Summary of Net Income (Loss) Earnings Per Share [Abstract]
Net income (loss) attributable to Gyrodyne	($405,557)	$48,707,990	($2,227,483)	$47,380,476	$46,063,206	$99,048,253	($1,124,665)
Weighted average number of common shares outstanding	1,482,680	1,482,680	1,482,680	1,482,680	1,482,680	1,482,680	1,340,706
Net Income (loss) per common share attributable to Gyrodyne (bEPSb)	($0.01)	$32.85	($0.04)	$31.96	$31.07	$66.80	($0.84)

Note_4_Investment_in_Marketabl2

Note 4 - Investment in Marketable Securities (Details) (USD $)	9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Note 4 - Investment in Marketable Securities (Details) [Line Items]
Proceeds from Principal Repayments on Loans and Leases Held-for-investment (in Dollars)			$996,148	$890,470
Marketable Securities Estimated Yield	2.00%		2.00%	2.00%
Marketable Securities, Contractual Maturities			30 years	30 years
Marketable Securities Adjusted Duration	4 years		4 years	4 years
Proceeds from Sale and Maturity of Marketable Securities (in Dollars)	$447,731	$865,941	$996,148	$890,470
Minimum [Member]
Note 4 - Investment in Marketable Securities (Details) [Line Items]
Marketable Securities, Contractual Maturities	15 years		15 years
Maximum [Member]
Note 4 - Investment in Marketable Securities (Details) [Line Items]
Marketable Securities, Contractual Maturities	30 years		30 years

Note_4_Investment_in_Marketabl3

Note 4 - Investment in Marketable Securities (Details) - Historical Cost and Estimated Fair Value of Available for Sale Securities (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013		Dec. 31, 2012
Historical Cost and Estimated Fair Value of Available for Sale Securities [Abstract]
Amortized Cost	$6,137,249	$3,446,037		$4,442,185
Gross Unrealized Gains (losses)	-65,743	-65,173		74,287
Fair Value*	$6,071,506	$3,380,864	[1]	$4,516,472	[1]
[1]	The Company received $996,148 and $890,470 in principal repayments during the years ended December 31, 2013 and 2012, respectively

Note_5_Investment_in_Grove_Par1

Note 5 - Investment in Grove Partnership (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012	Jun. 30, 2006	Mar. 10, 2011	Sep. 19, 2013	Mar. 18, 2011	Dec. 31, 2010
				sqm
Note 5 - Investment in Grove Partnership (Details) [Line Items]
Area of Land (in Acres)				245.5
Equity Method Investments	$0
Deferred Tax Liabilities, Net	1,315,000	1,315,000	62,964,000
Offering Nonparticipation Ownership Percentage [Member] | The Grove, Florida [Member]
Note 5 - Investment in Grove Partnership (Details) [Line Items]
Equity Method Investment, Ownership Percentage					20.00%
Estimated Ownership Interest [Member] | The Grove, Florida [Member]
Note 5 - Investment in Grove Partnership (Details) [Line Items]
Area of Land (in Acres)					3,700
The Grove, Florida [Member]
Note 5 - Investment in Grove Partnership (Details) [Line Items]
Equity Method Investment, Ownership Percentage					9.32%			9.99%
Loans Payable							37,000,000
Interest Payable							8,000,000
Equity Method Investments		0	0			0
Deferred Tax Liabilities, Net						$1,315,000

Note_6_Accrued_Liabilities_Det

Note 6 - Accrued Liabilities (Details) - Summary of Accrued Liabilities (USD $)	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
Summary of Accrued Liabilities [Abstract]
Payroll and related taxes		$137,389	$108,931
Professional fees		112,228	142,856
Directors fees under the ICP		2,850,199	19,500
Other		146,587	6,695
Total	$513,515	$3,246,403	$277,982

Note_7_Mortgage_Loans_Payable_1

Note 7 - Mortgage Loans Payable (Details) (USD $)

0 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

Apr. 10, 2019

Dec. 31, 2011

Feb. 28, 2017

Dec. 31, 2012

Mar. 31, 2012

Feb. 29, 2012

Jun. 30, 2008

Jun. 30, 2007

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Jan. 31, 2013

Jul. 31, 2018

Apr. 10, 2014

Jan. 17, 2012

Nov. 30, 2011

Mar. 31, 2009

Note 7 - Mortgage Loans Payable (Details) [Line Items]

Loans Assumed

$5,551,191

Debt Instrument, Interest Rate, Stated Percentage

5.50%

5.00%

5.75%

4.71%

5.88%

5.75%

5.66%

Debt Instrument, Basis Spread on Variable Rate

3.00%

2.25%

2.75%

2.25%

Debt Instrument Minimum Periodic Payment and Modified Debt

31,086

33,439

Prepayment Penalty

133,401

Mortgage Loans on Real Estate, Face Amount of Mortgages

5,250,000

8,000,000

Debt Instrument, Periodic Payment, Principal

17,500

Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid

3,168,000

Interest Expense, Debt

5,000

963,000

1,194,000

Subsequent Event [Member]

Note 7 - Mortgage Loans Payable (Details) [Line Items]

Prepayment Penalty

$200,129

Cortlandt Mortgage [Member]

Note 7 - Mortgage Loans Payable (Details) [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

2.50%

2.50%

Maximum [Member]

Note 7 - Mortgage Loans Payable (Details) [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

5.75%

Note_7_Mortgage_Loans_Payable_2

Note 7 - Mortgage Loans Payable (Details) - Mortgage Loans Payable (USD $)	Dec. 31, 2013		Dec. 31, 2012
Note 7 - Mortgage Loans Payable (Details) - Mortgage Loans Payable [Line Items]
Mortgage payable			$5,013,415
Port Jefferson Professional Park [Member]
Note 7 - Mortgage Loans Payable (Details) - Mortgage Loans Payable [Line Items]
Mortgage payable		[1]	$5,013,415	[1]
[1]	In June 2007, in connection with the purchase of the Port Jefferson Professional Park, the Company assumed a $5,551,191 mortgage payable to a bank (the "Port Jefferson Mortgage"). The Port Jefferson Mortgage bears interest at 5.75% through February 1, 2012. Effective January 17, 2012, the Company negotiated an interest rate modification from 5.75% to 5% for the 5 year period February 1, 2012 through February 1, 2017 and adjusts to the higher of 5.75% or 275 basis points in excess of the Federal Home Loan Bank's five year Fixed Rate Advance ("Fixed Rate Advance") thereafter. The Port Jefferson Mortgage is payable in monthly installments of principal and interest totaling $33,439 through February 2012. From March 1, 2012 through February 1, 2022, the minimum monthly installment will be no less than $31,086 and will vary based upon the Fixed Rate Advance. The Port Jefferson Mortgage is collateralized by the Port Jefferson Professional Park in Port Jefferson Station, New York. The Port Jefferson Mortgage was prepaid in full in January 2013 through an assumption by a subsidiary of the Company and was subject to a prepayment penalty of $200,129.

Note_8_Income_Taxes_Details

Note 8 - Income Taxes (Details) (USD $)	0 Months Ended	9 Months Ended	12 Months Ended
	Sep. 13, 2013	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Note 8 - Income Taxes (Details) [Line Items]
Federal Net Built-In-Gains Tax				$34,057,000
Accrued Income Taxes				61,649,000
Excise Tax Percentage			4.00%	4.00%
Dividends	98,685,000		67,995,704	56,786,652
Dividends Payable, Amount Per Share (in Dollars per share)	$66.56		$10.89
Dividends, Cash	68,000,000		68,000,000
Deferred Income Tax Expense (Benefit)		-61,649,000	-61,649,000	61,649,000
Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax			$95,558
Cash Dividends [Member]
Note 8 - Income Taxes (Details) [Line Items]
Dividends Payable, Amount Per Share (in Dollars per share)	$45.86

Note_8_Income_Taxes_Details_Ta

Note 8 - Income Taxes (Details) - Tax Provision for Income Taxes (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Current:
Federal		$95,558
		95,558
Deferred:
Federal		-53,505,000	53,505,000
State		-8,144,000	8,144,000
	($61,649,000)	($61,649,000)	$61,649,000

Note_8_Income_Taxes_Details_De

Note 8 - Income Taxes (Details) - Deferred Tax Liabilites (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
Deferred Tax Liabilites [Abstract]
Gain on condemnation			($61,649,000)
Unrealized gain on investment in Citrus Grove	-1,315,000	-1,315,000	-1,315,000
Net Deferred Income Taxes	($1,315,000)	($1,315,000)	($62,964,000)

Note_8_Income_Taxes_Details_Re

Note 8 - Income Taxes (Details) - Reconciliation of the Federal Statutory Rate to the Companybs Effective Tax Rate	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012
Reconciliation of the Federal Statutory Rate to the Companybs Effective Tax Rate [Abstract]
Deferred Taxes Resulting from REIT Election and Pending Reinvestment of Condemnation Proceeds		[1]	38.40%
			38.40%
[1]	The company has no effective tax rate as it incurred alternative minimum taxes but has a book loss and has not recorded a deferred tax asset for the alternative minimum tax.

Note_9_Retirement_Plans_Detail

Note 9 - Retirement Plans (Details) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Compensation and Retirement Disclosure [Abstract]
Defined Benefit Plan Obligation, Underfunded			$1,600,000		$200,000
Defined Benefit Plan, Actuarial Gain (Loss)					1,454,052	-1,562,121	69,046
Accumulated Unrecognized Actuarial Pension (Gain) Loss Not Yet Recognized in Net Periodic Pension Benefit Cost					-183,962	1,270,090	-292,031
Defined Benefit Plan, Amount to be Amortized from Accumulated Other Comprehensive Income (Loss) Next Fiscal Year					30,000
Defined Benefit Plan, Accumulated Benefit Obligation					3,959,927	4,625,576	3,820,407
Defined Benefit Plan, Contributions by Employer	0	0	0	0
Defined Benefit Plans, Estimated Future Employer Contributions in Current Fiscal Year			$0

Note_9_Retirement_Plans_Detail1

Note 9 - Retirement Plans (Details) - Reconciliation of the Changes in the Plan's Benefit Obligations and Fair Value of Assets (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Pension Benefits
Obligation					$3,959,927	$4,625,576	$3,820,407
Service cost	46,427	65,258	139,280	195,775
Interest cost	45,708	62,909	137,126	188,726
Actuarial (gain)loss					1,454,052	-1,562,121	69,046
Fair value of plan assets, beginning of year			4,568,734	4,132,920	4,132,920	4,885,250
Obligation					3,959,927	4,625,576	3,820,407
Fair Value of Plan Assets, end of year					4,568,734	4,132,920	4,885,250
Funded Status:
Net Amount Recognized					424,845	777,434	772,812
Reconciliation of Benefit Obligation [Member]
Pension Benefits
Obligation					4,625,576	3,820,407	3,111,154
Service cost					261,033	182,848	155,831
Interest cost					251,634	180,173	172,147
Actuarial (gain)loss					-1,080,104	1,475,649	225,968
Benefit Payments					-98,212	-1,033,501	-120,567
Amendments							275,874
Asset (Liability) [Member]
Funded Status:
Funded Status					608,807	-492,656	1,064,843
Unrecognized (Gain) Loss [Member]
Funded Status:
Funded Status					-183,962	1,270,090	-292,031
Estimate of Fair Value Measurement [Member]
Pension Benefits
Fair value of plan assets, beginning of year				4,132,920	4,132,920	4,885,250	4,131,332
Actual return on plan assets					534,026	281,171	874,485
Benefit Payments					-98,212	1,033,501	-120,567
Fair Value of Plan Assets, end of year						$4,132,920	$4,885,250

Note_9_Retirement_Plans_Detail2

Note 9 - Retirement Plans (Details) - Components of Net Periodic Benefit Cost (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Note 9 - Retirement Plans (Details) - Components of Net Periodic Benefit Cost [Line Items]
Service Cost	$46,427	$65,258	$139,280	$195,775
Interest Cost	45,708	62,909	137,126	188,726
Expected Return on Plan Assets	-90,310	-81,546	-270,932	-244,639
Amortization of prior service cost	5,644	5,644	16,932	16,932
Amortization of Actuarial Loss		35,883		107,648
Net Periodic Benefit Cost After Curtailments and Settlements	7,469	88,148	22,406	264,442
Net Periodic Benefit Cost [Member]
Note 9 - Retirement Plans (Details) - Components of Net Periodic Benefit Cost [Line Items]
Service Cost					261,033	182,848	155,831
Interest Cost					251,634	180,173	172,147
Expected Return on Plan Assets					-326,186	-386,056	-324,970
Amortization of prior service cost					22,576	22,576	22,576
Amortization of Actuarial Loss					143,532	-4,163	-1,203
Net Periodic Benefit Cost After Curtailments and Settlements					$352,589	($4,622)	$24,381

Note_9_Retirement_Plans_Detail3

Note 9 - Retirement Plans (Details) - Weighted Average Assumptions Used	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Weighted-Average Assumptions
Discount rate	4.68%	4.31%	4.78%
Expected return on plan assets	8.00%	8.00%	8.00%
Rate of compensation increase	3.00%	3.00%	3.00%

Note_9_Retirement_Plans_Detail4

Note 9 - Retirement Plans (Details) - Asset Allocations	Dec. 31, 2013	Dec. 31, 2012
Note 9 - Retirement Plans (Details) - Asset Allocations [Line Items]
Actual Asset Allocation	100.00%	100.00%
Common Stock [Member]
Note 9 - Retirement Plans (Details) - Asset Allocations [Line Items]
Actual Asset Allocation	9.50%	59.90%
Special Distributions [Member]
Note 9 - Retirement Plans (Details) - Asset Allocations [Line Items]
Actual Asset Allocation	15.60%
Dividend Notes [Member]
Note 9 - Retirement Plans (Details) - Asset Allocations [Line Items]
Actual Asset Allocation	8.20%
Fixed Income Funds [Member]
Note 9 - Retirement Plans (Details) - Asset Allocations [Line Items]
Actual Asset Allocation	17.50%	17.70%
Other Funds [Member]
Note 9 - Retirement Plans (Details) - Asset Allocations [Line Items]
Actual Asset Allocation	49.20%	22.40%

Note_9_Retirement_Plans_Detail5

Note 9 - Retirement Plans (Details) - Fair Value of Investments (USD $)	Sep. 30, 2014	Dec. 31, 2013		Dec. 31, 2012
Note 9 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities	$6,071,506	$3,380,864	[1]	$4,516,472
Common Stock [Member] | Fair Value, Inputs, Level 1 [Member]
Note 9 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities		436,271
Common Stock [Member] | Estimate of Fair Value Measurement [Member]
Note 9 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities		436,271
Special Distributions [Member] | Fair Value, Inputs, Level 3 [Member]
Note 9 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities		710,528
Special Distributions [Member] | Estimate of Fair Value Measurement [Member]
Note 9 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities		710,528
Dividend Notes [Member] | Fair Value, Inputs, Level 3 [Member]
Note 9 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities		373,799
Dividend Notes [Member] | Estimate of Fair Value Measurement [Member]
Note 9 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities		373,799
Fixed Income Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Note 9 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities		800,153
Fixed Income Funds [Member] | Estimate of Fair Value Measurement [Member]
Note 9 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities		800,153
Corporate/Foreign Bonds [Member] | Fair Value, Inputs, Level 1 [Member]
Note 9 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities		452,875
Corporate/Foreign Bonds [Member] | Estimate of Fair Value Measurement [Member]
Note 9 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities		452,875
US Government Corporations and Agencies Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Note 9 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities		195,010
US Government Corporations and Agencies Securities [Member] | Estimate of Fair Value Measurement [Member]
Note 9 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities		195,010
Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Note 9 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities		1,595,818
Money Market Funds [Member] | Estimate of Fair Value Measurement [Member]
Note 9 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities		1,595,818
Accrued Income [Member] | Fair Value, Inputs, Level 1 [Member]
Note 9 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities		4,280
Accrued Income [Member] | Estimate of Fair Value Measurement [Member]
Note 9 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities		4,280
Fair Value, Inputs, Level 1 [Member]
Note 9 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities		3,484,407
Fair Value, Inputs, Level 3 [Member]
Note 9 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities		1,084,327
Estimate of Fair Value Measurement [Member]
Note 9 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities		$4,568,734
[1]	During 2013, the Company received $996,148 in principal repayments.

Note_9_Retirement_Plans_Detail6

Note 9 - Retirement Plans (Details) - Expected Approximate Future Benefit Payments (USD $)	Dec. 31, 2013
Expected Approximate Future Benefit Payments [Abstract]
2014	$129,026
2015	121,567
2016	115,318
2017	113,161
2018	108,949
2019 b 2023	965,862
	$1,553,883

Note_10_Incentive_Compensation2

Note 10 - Incentive Compensation Plan (Details) (USD $)	0 Months Ended	12 Months Ended		0 Months Ended	1 Months Ended	0 Months Ended
	Sep. 13, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 30, 2013	Nov. 19, 2012	Dec. 14, 2012	Sep. 30, 2014	Dec. 31, 2011
Note 10 - Incentive Compensation Plan (Details) [Line Items]
Common Stock, Value, Issued		$1,723,888	$1,723,888				$1,723,888
Common Stock, Shares, Outstanding (in Shares)		1,482,680	1,482,680				1,482,680
Dividends	98,685,000	67,995,704	56,786,652
Dividends, Cash	68,000,000	68,000,000
Common Stock, Dividends, Per Share, Cash Paid (in Dollars per share)		$66.56	$38.30
Noninterest Expense Directors Fees		2,850,199	2,380,345
Allocated Share-based Compensation Expense		2,194,401	1,832,655
Accrued Liabilities		3,246,403	277,982				513,515
Special Dividend [Member] | Incentive Compensation Plan [Member]
Note 10 - Incentive Compensation Plan (Details) [Line Items]
Dividends				98,685,000
Dividends, Cash				68,000,000
Incentive Compensation Plan Payments				5,277,800
Incentive Compensation Plan Payments Cash				5,044,600
Special Distributions [Member] | Required Cash Payment [Member]
Note 10 - Incentive Compensation Plan (Details) [Line Items]
Dividends, Cash	5,044,600
Special Distributions [Member] | Incentive Compensation Plan [Member]
Note 10 - Incentive Compensation Plan (Details) [Line Items]
Dividends, Cash	68,000,000
Common Stock, Dividends, Per Share, Cash Paid (in Dollars per share)	$45.86
Minimum [Member] | Incentive Compensation Plan [Member]
Note 10 - Incentive Compensation Plan (Details) [Line Items]
Weighted Percentage of Elligibility		0.50%
Maximum [Member] | Incentive Compensation Plan [Member]
Note 10 - Incentive Compensation Plan (Details) [Line Items]
Weighted Percentage of Elligibility		18.50%
Former Director [Member] | Incentive Compensation Plan [Member]
Note 10 - Incentive Compensation Plan (Details) [Line Items]
Noninterest Expense Directors Fees	378,345
Employees Not Folowing Restructuring [Member] | Incentive Compensation Plan [Member]
Note 10 - Incentive Compensation Plan (Details) [Line Items]
Allocated Share-based Compensation Expense	378,345				315,975
Incentive Compensation Plan [Member]
Note 10 - Incentive Compensation Plan (Details) [Line Items]
Share Price (in Dollars per share)		$15.39
Common Stock, Value, Issued		100,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares)		110,000
Common Stock, Shares, Outstanding (in Shares)		110,000	110,000					110,000
Minimum Percentage of Disposition of Total Assets Necessary for Benefits			15.00%
Dividends	98,685,000				56,786,652
Common Stock, Dividends, Per Share, Declared (in Dollars per share)	$66.56
Dividends, Cash						4,213,000
Common Stock, Dividends, Per Share, Cash Paid (in Dollars per share)					$38.30
Noninterest Expense Directors Fees	2,850,199
Allocated Share-based Compensation Expense	580,129				484,495
Remaining Liability Under Incentive Plan, Aggregative Maximum		233,200		233,200
Accrued Liabilities			$0

Note_10_Incentive_Compensation3

Note 10 - Incentive Compensation Plan (Details) - Summary of Allocation to Plan Participants (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012
Note 10 - Incentive Compensation Plan (Details) - Summary of Allocation to Plan Participants [Line Items]
Plan Participants Director Fees	$2,850,199		$2,380,345
Plan Participants Total	2,850,199		2,380,345
Plan Participants Compensation	2,194,401		1,832,655
Plan Participants Compensation	2,194,401		1,832,655
Plan Participants Director Fees	2,850,199		2,380,345
Plan Participants Total	2,194,401		1,832,655
Plan Participants Compensation	2,194,401		1,832,655
Plan Participants Director Fees	2,850,199		2,380,345
Plan Participants Total	5,044,600		4,213,000
Director [Member]
Note 10 - Incentive Compensation Plan (Details) - Summary of Allocation to Plan Participants [Line Items]
Plan Participants Director Fees	2,850,199	[1]	2,380,345
Plan Participants Total	2,850,199	[1]	2,380,345
Plan Participants Compensation		[1]
Plan Participants Compensation		[1]
Plan Participants Director Fees	2,850,199	[1]	2,380,345
Plan Participants Total		[1]
Plan Participants Compensation		[1]
Plan Participants Director Fees	2,850,199	[1]	2,380,345
Chief Operating Officer [Member]
Note 10 - Incentive Compensation Plan (Details) - Summary of Allocation to Plan Participants [Line Items]
Plan Participants Compensation	681,021		568,755
Plan Participants Compensation	681,021		568,755
Plan Participants Total	681,021		568,755
Plan Participants Compensation	681,021		568,755
Chief Executive Officer [Member]
Note 10 - Incentive Compensation Plan (Details) - Summary of Allocation to Plan Participants [Line Items]
Plan Participants Compensation	933,251
Plan Participants Compensation	933,251
Plan Participants Total	933,251
Plan Participants Compensation	933,251
Other Employees [Member]
Note 10 - Incentive Compensation Plan (Details) - Summary of Allocation to Plan Participants [Line Items]
Plan Participants Director Fees		[2]
Plan Participants Total		[2]
Plan Participants Compensation	580,129	[2]	484,495	[3]
Plan Participants Compensation	580,129	[2]	484,495	[3]
Plan Participants Director Fees		[2]
Plan Participants Total	580,129	[2]	484,495	[3]
Plan Participants Compensation	580,129	[2]	484,495	[3]
Plan Participants Director Fees		[2]
Former Chief Executive Officer [Member]
Note 10 - Incentive Compensation Plan (Details) - Summary of Allocation to Plan Participants [Line Items]
Plan Participants Compensation			779,405
Plan Participants Compensation			779,405
Plan Participants Total			779,405
Plan Participants Compensation			$779,405
[1]	$378,345 of the $2,850,199 relate to a former Director who resigned in September 2013.
[2]	Approximately $378,345 of the $580,129 relate to 2012 employees who are no longer employees following the restructuring in early 2013.
[3]	Approximately $315,975 of the $484,495 relate to 2012 employees which are no longer employees following the restructuring in early 2013.

Note_10_Incentive_Compensation4

Note 10 - Incentive Compensation Plan (Details) - Vested Maximum Benefit Payable to Ex-Employees (USD $)	Jun. 30, 2014	Dec. 31, 2013
Note 10 - Incentive Compensation Plan (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Benefit Payble Number of Shares under Plan (in Shares)	110,000	36,850
Benefit Payble Maximum Benefit		$473,513
Non-Cash Dividends [Member] | Former Chief Executive Officer [Member]
Note 10 - Incentive Compensation Plan (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Benefit Payble Maximum Benefit	43,142	43,142
Non-Cash Dividends [Member] | Other Employees [Member]
Note 10 - Incentive Compensation Plan (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Benefit Payble Maximum Benefit		17,490
Non-Cash Dividends [Member] | Former Director [Member]
Note 10 - Incentive Compensation Plan (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Benefit Payble Maximum Benefit	17,490	17,490
Non-Cash Dividends [Member]
Note 10 - Incentive Compensation Plan (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Benefit Payble Maximum Benefit	233,200	78,122
Former Chief Executive Officer [Member]
Note 10 - Incentive Compensation Plan (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Benefit Payble Number of Shares under Plan (in Shares)	20,350	20,350
Benefit Payble Maximum Benefit		259,870
Other Employees [Member]
Note 10 - Incentive Compensation Plan (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Benefit Payble Number of Shares under Plan (in Shares)		8,250
Benefit Payble Maximum Benefit		107,915
Former Director [Member]
Note 10 - Incentive Compensation Plan (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Benefit Payble Number of Shares under Plan (in Shares)	8,250	8,250
Benefit Payble Maximum Benefit		$105,728

Note_11_Credit_Quality_of_Rent2

Note 11 - Credit Quality of Rents Receivable (Details) (USD $)	9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Receivables [Abstract]
Provision for Doubtful Accounts	$45,000	$30,000	$36,000	$24,000	$21,000

Note_11_Credit_Quality_of_Rent3

Note 11 - Credit Quality of Rents Receivable (Details) - Allowance For Doubtful Accounts (USD $)	9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Allowance For Doubtful Accounts [Abstract]
Beginning balance	$74,000	$67,000	$67,000	$103,000
Bad debt expense	45,000	30,000	36,000	24,000	21,000
Accounts receivable written off			-29,000	-60,000
Ending Balance	$74,000		$74,000	$67,000	$103,000

Note_12_Concentration_of_Credi1

Note 12 - Concentration of Credit Risk (Details)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Note 12 - Concentration of Credit Risk (Details) [Line Items]
Number of Major Customers	3	3	3
Customer 1 [Member]
Note 12 - Concentration of Credit Risk (Details) [Line Items]
Concentration Risk, Percentage	11.00%	11.00%	8.00%
Customer 2 [Member]
Note 12 - Concentration of Credit Risk (Details) [Line Items]
Concentration Risk, Percentage	5.00%	5.00%	4.00%
Customer 3 [Member]
Note 12 - Concentration of Credit Risk (Details) [Line Items]
Concentration Risk, Percentage	5.00%	5.00%	4.00%

Note_13_Commitments_Details

Note 13 - Commitments (Details) (USD $)	Dec. 31, 2013	Jun. 30, 2014
Note 13 - Commitments (Details) [Line Items]
Supplemental Unemployment Benefits, Severance Benefits	$600,000
Compensation Agreements With CEO And CFO Member] | CEO and President Each [Member]
Note 13 - Commitments (Details) [Line Items]
Other Commitment		125,000
Other Employees [Member]
Note 13 - Commitments (Details) [Line Items]
Other Commitment		120,000
CEO and President Each [Member]
Note 13 - Commitments (Details) [Line Items]
Accrued Salaries	250,000
Accrued Bonuses	$125,000

Note_13_Commitments_Details_Le

Note 13 - Commitments (Details) - Lease Revenue Commitments (USD $)	Sep. 30, 2014	Dec. 31, 2013
Lease Revenue Commitments [Abstract]
2014	$3,789,000	$3,903,000
2015	3,044,000	2,987,000
2016	2,262,000	2,364,000
2017	1,941,000	1,728,000
2018	1,567,000	1,486,000
Thereafter	3,126,000	3,060,000
	$15,729,000	$15,528,000

Note_14_Fair_Value_of_Financia2

Note 14 - Fair Value of Financial Instruments (Details) (USD $)	3 Months Ended	6 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2010	Dec. 31, 2009	Mar. 18, 2011	Sep. 19, 2013
Note 14 - Fair Value of Financial Instruments (Details) [Line Items]
Proceeds from Principal Repayments on Loans and Leases Held-for-investment					$996,148	$890,470
Equity Method Investments		0	0
Proceeds from Sale and Maturity of Marketable Securities			447,731	865,941	996,148	890,470
Asset Impairment Charges	2,100,000	200,000	200,000	2,100,000	2,100,000	0
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest					9.32%
The Grove [Member]
Note 14 - Fair Value of Financial Instruments (Details) [Line Items]
Equity Method Investments		0	0
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest			9.32%				9.99%	20.00%
Grove Property Loan Principal									37,000,000
Grove Property Loan Interest And Fees									8,000,000
Deferred Tax Liabilities, Other		1,315,000	1,315,000
Fair Value, Inputs, Level 3 [Member] | The Grove, Florida [Member]
Note 14 - Fair Value of Financial Instruments (Details) [Line Items]
Equity Method Investments, Fair Value Disclosure					0
The Grove, Florida [Member]
Note 14 - Fair Value of Financial Instruments (Details) [Line Items]
Equity Method Investments					$0	$0				$0

Note_14_Fair_Value_of_Financia3

Note 14 - Fair Value of Financial Instruments (Details) - Carrying Value and Fair Value of Financial Assets and Liabilities (USD $)	Sep. 30, 2014	Dec. 31, 2013		Dec. 31, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in Marketable Securities	$6,071,506	$3,380,864	[1]	$4,516,472
Investment in Marketable Securities	6,071,506	3,380,864	[2]	4,516,472	[2]
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in Marketable Securities	$6,071,506	$3,380,864	[1]	$4,516,472
[1]	During 2013, the Company received $996,148 in principal repayments.
[2]	The Company received $996,148 and $890,470 in principal repayments during the years ended December 31, 2013 and 2012, respectively

Note_14_Fair_Value_of_Financia4

Note 14 - Fair Value of Financial Instruments (Details) - Impaired Real Estated Assets Measured at Fair Value on Recurring Basis (Impaired Real Estate Assets [Member], USD $)	Dec. 31, 2013
Note 14 - Fair Value of Financial Instruments (Details) - Impaired Real Estated Assets Measured at Fair Value on Recurring Basis [Line Items]
Impaired real estate assets	$6,503,092
Fair Value, Inputs, Level 3 [Member]
Note 14 - Fair Value of Financial Instruments (Details) - Impaired Real Estated Assets Measured at Fair Value on Recurring Basis [Line Items]
Impaired real estate assets	$6,503,092

Note_15_Impairment_of_Real_Est1

Note 15 - Impairment of Real Estate Investments: (Details) (USD $)	3 Months Ended	6 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Disclosure Text Block Supplement [Abstract]
Asset Impairment Charges	$2,100,000	$200,000	$200,000	$2,100,000	$2,100,000	$0

Note_16_Equity_Details

Note 16 - Equity (Details) (USD $)	0 Months Ended	3 Months Ended	12 Months Ended
	Sep. 13, 2013	Sep. 30, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Sep. 30, 2014	Sep. 30, 2013
Note 16 - Equity (Details) [Line Items]
Common Stock, Dividends, Per Share, Cash Paid (in Dollars per share)			$66.56	$38.30
Dividends Payable, Amount Per Share (in Dollars per share)	$66.56		$10.89
Dividends, Cash	$68,000,000		$68,000,000
Dividends Payable			16,144,614			682,033	98,685,000
Dividends	98,685,000		67,995,704	56,786,652
Number of Subscriptions Received from Investors		294,685
Common Stock, Shares Authorized (in Shares)		173,305	4,000,000	4,000,000		4,000,000
Stock Issued During Period, Shares, New Issues (in Shares)		192,641
Percentage of Basic Subscriptions Allocated to Shareholders		100.00%
Proceeds from Issuance of Common Stock		9,961,476			9,961,476
Adjustments to Additional Paid in Capital, Other				6,436
Additional Shares [Member] | Rights [Member]
Note 16 - Equity (Details) [Line Items]
Stock Issued During Period, Shares, New Issues (in Shares)					19,336
Additional Shares [Member]
Note 16 - Equity (Details) [Line Items]
Stock Issued During Period, Shares, New Issues (in Shares)		19,336
Meet Minimum REIT Distribution Requirement [Member]
Note 16 - Equity (Details) [Line Items]
Dividends Payable			16,145,000
Rights [Member] | Minimum [Member]
Note 16 - Equity (Details) [Line Items]
Common Stock, Value, Subscriptions					9,210,000
Rights [Member] | Maximum [Member]
Note 16 - Equity (Details) [Line Items]
Common Stock, Value, Subscriptions					10,210,000
Rights [Member]
Note 16 - Equity (Details) [Line Items]
Number of Subscriptions Received from Investors					294,685
Common Stock, Shares Authorized (in Shares)					173,305
Stock Issued During Period, Shares, New Issues (in Shares)					192,641
Percentage of Basic Subscriptions Allocated to Shareholders					100.00%
Proceeds from Issuance of Common Stock					9,961,476
Increase Common Stock Balance					192,641
Adjustments to Additional Paid in Capital, Other					9,768,835
Minimum [Member]
Note 16 - Equity (Details) [Line Items]
Common Stock, Value, Subscriptions		9,210,000
Maximum [Member]
Note 16 - Equity (Details) [Line Items]
Common Stock, Value, Subscriptions		10,210,000
GSD LLC [Member]
Note 16 - Equity (Details) [Line Items]
Dividends, Equity Ownership Interest			$30,685,000

Note_16_Equity_Details_Accumul

Note 16 - Equity (Details) - Accumulated Other Comprehensive Income (Loss) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	($1,195,803)	$292,031	$102,383	$118,219
Other Comprehensive Income Before Reclassifications	1,667,181	-1,492,456	93,427
Amounts Reclassified from AOCI	-352,589	4,622	96,221
Net Current Period Other Comprehensive Income	1,314,592	-1,487,834	189,648
Balance	118,789	-1,195,803	292,031	118,219
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	-1,270,090	292,031	222,985
Other Comprehensive Income Before Reclassifications	1,806,641	-1,566,743	93,427
Amounts Reclassified from AOCI	-352,589	4,622	-24,381
Net Current Period Other Comprehensive Income	1,454,052	-1,562,121	69,046
Balance	183,962	-1,270,090	292,031
Accumulated Net Unrealized Investment Gain (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	74,287
Other Comprehensive Income Before Reclassifications	-139,460	74,287
Net Current Period Other Comprehensive Income	-139,460	74,287
Balance	-65,173	74,287
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance			-120,602
Amounts Reclassified from AOCI			120,602
Net Current Period Other Comprehensive Income			$120,602

Note_17_Related_Party_Transact1

Note 17 - Related Party Transactions (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Related Party Transactions [Abstract]
Short Swing Profits Received		$8,586
Related Party Transaction, Amounts of Transaction	$0		$0

Note_19_Supplementary_Informat2

Note 19 - Supplementary Information - Quarterly Financial Data (Unaudited) (Details) - Quarterly Financial Data (Unaudited) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Note 19 - Supplementary Information - Quarterly Financial Data (Unaudited) (Details) - Quarterly Financial Data (Unaudited) [Line Items]
Rental Income	$578,148	$667,757	$1,762,890	$1,902,907	$4,487,083	$4,448,402	$4,886,823
Tenant reimbursements	60,355	86,816	239,217	284,008	542,886	540,706	632,881
Total revenue	638,503	754,573	2,002,107	2,186,915	5,029,969	4,989,108	5,519,704
Rental Property Expense	373,935	337,583	1,140,057	1,051,013	2,514,530	2,308,036	2,347,400
Income (expense) on condemnation				-2,360	-2,360	100,028,802	-333,308
Interest income on condemnation						67,341,716
Net Income (Loss)	-19,809	48,707,990	-61,622	47,380,476	46,055,205	99,048,253	-1,124,665
Net (Loss) Per Common Share
Basic and Diluted (in Dollars per share)	($0.01)	$32.85	($0.04)	$31.96	$31.07	$66.80	($0.84)
First Quarter [Member]
Note 19 - Supplementary Information - Quarterly Financial Data (Unaudited) (Details) - Quarterly Financial Data (Unaudited) [Line Items]
Rental Income					1,099,584	1,187,267	1,260,181
Tenant reimbursements					189,640	148,869	150,519
Total revenue					1,289,224	1,336,136	1,410,699
Rental Property Expense					-662,670	-594,549	-625,449
Income from Rental Property					626,554	741,587	785,250
Income (expense) on condemnation					-2,360	-63,199	-168,666
Net Income (Loss)					-882,777	-268,944	-349,155
Net (Loss) Per Common Share
Basic and Diluted (in Dollars per share)					($0.60)	($0.18)	($0.27)
Second Quarter [Member]
Note 19 - Supplementary Information - Quarterly Financial Data (Unaudited) (Details) - Quarterly Financial Data (Unaudited) [Line Items]
Rental Income					1,104,502	1,101,161	1,206,799
Tenant reimbursements					115,756	143,763	154,195
Total revenue					1,220,258	1,244,924	1,360,994
Rental Property Expense					-607,933	-555,633	-588,960
Income from Rental Property					612,325	689,291	772,034
Income (expense) on condemnation						100,111,890	-53,024
Interest income on condemnation						67,265,788
Net Income (Loss)					-444,737	105,494,044	-244,729
Net (Loss) Per Common Share
Basic and Diluted (in Dollars per share)					($0.30)	$71.15	($0.19)
Third Quarter [Member]
Note 19 - Supplementary Information - Quarterly Financial Data (Unaudited) (Details) - Quarterly Financial Data (Unaudited) [Line Items]
Rental Income					1,156,360	1,059,576	1,224,553
Tenant reimbursements					124,090	137,037	152,222
Total revenue					1,280,450	1,196,613	1,376,775
Rental Property Expense					-606,722	-582,901	-562,898
Income from Rental Property					673,728	613,712	813,877
Income (expense) on condemnation						-17,839	-17,299
Interest income on condemnation						104,928
Net Income (Loss)					48,707,990	-532,782	-152,918
Net (Loss) Per Common Share
Basic and Diluted (in Dollars per share)					$32.85	($0.36)	($0.12)
Fourth Quarter [Member]
Note 19 - Supplementary Information - Quarterly Financial Data (Unaudited) (Details) - Quarterly Financial Data (Unaudited) [Line Items]
Rental Income					1,126,637	1,100,398	1,195,290
Tenant reimbursements					113,400	111,037	175,945
Total revenue					1,240,037	1,211,435	1,371,235
Rental Property Expense					-637,205	-574,953	-570,093
Income from Rental Property					602,832	636,482	801,142
Income (expense) on condemnation						-2,050	-94,319
Interest income on condemnation						-29,000
Net Income (Loss)					($1,325,271)	($5,644,065)	($377,863)
Net (Loss) Per Common Share
Basic and Diluted (in Dollars per share)					($0.89)	($3.81)	($0.26)

Note_20_Condemnation_Details

Note 20 - Condemnation (Details) (USD $)	0 Months Ended		1 Months Ended		12 Months Ended		80 Months Ended	3 Months Ended
	Sep. 13, 2013	Jul. 03, 2012	Jun. 30, 2010	Mar. 31, 2006	Dec. 31, 2013	Dec. 31, 2012	Jul. 03, 2012	Mar. 31, 2013	Jun. 30, 2006
									sqm
Note 20 - Condemnation (Details) [Line Items]
Proceeds from Legal Settlements		$167,530,657		$26,315,000
Area of Land (in Square Meters)									245.5
Litigation Settlement, Amount			125,000,000
Statutory Interest Rate							9.00%
Payments for Delayed Tax Exempt Exchange					26,315,000
Gain (Loss) on Condemnation						61,649,000
Excise Tax Percentage					4.00%	4.00%
Dividends	98,685,000				67,995,704	56,786,652
Dividends Payable, Amount Per Share (in Dollars per share)	$66.56				$10.89
Dividends, Cash	68,000,000				68,000,000
Deferred Recognition of Property Sales Gain [Member]
Note 20 - Condemnation (Details) [Line Items]
Gain (Loss) on Condemnation					98,685,000
Cash Dividends [Member]
Note 20 - Condemnation (Details) [Line Items]
Dividends Payable, Amount Per Share (in Dollars per share)	$45.86
Subsequent Event [Member]
Note 20 - Condemnation (Details) [Line Items]
Payments for Legal Settlements								29,000
Additional Damanges [Member]
Note 20 - Condemnation (Details) [Line Items]
Proceeds from Legal Settlements		98,685,000
Costs, Disbursements and Expenses [Member]
Note 20 - Condemnation (Details) [Line Items]
Proceeds from Legal Settlements		1,474,941
Interest [Member]
Note 20 - Condemnation (Details) [Line Items]
Proceeds from Legal Settlements		$67,370,716

Note_22_Subsequent_Events_Deta

Note 22 - Subsequent Events (Details) (Rothschild [Member], USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Note 22 - Subsequent Events (Details) [Line Items]
Loss on Contract Termination		$850,000
Repayment of Contract Termination Costs		629,032.26
Strategic Alternative Expense		3,637,123	1,013,043	29,383
Subsequent Event [Member]
Note 22 - Subsequent Events (Details) [Line Items]
Termination Cost, Amount Agreed to Pay	970,967.14
Loss on Contract Termination	$120,000

Note_4_Principles_of_Consolida1

Note 4 - Principles of Consolidation (Details) (USD $)	3 Months Ended	6 Months Ended
	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Note 4 - Principles of Consolidation (Details) [Line Items]
Limited Partnership Equity Method Threshold	5.00%
Equity Method Investments	$0
Gyrodyne Special Distribution LLC [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Note 4 - Principles of Consolidation (Details) [Line Items]
Variable Interest Entity, Financial or Other Support, Amount	3,500,000
Gyrodyne Special Distribution LLC [Member] | Maximum [Member]
Note 4 - Principles of Consolidation (Details) [Line Items]
Variable Interest Entity, Financial or Other Support, Amount		2,500,000
Gyrodyne Special Distribution LLC [Member] | General And Administrative Expenses [Member]
Note 4 - Principles of Consolidation (Details) [Line Items]
Variable Interest Entity Management Fee Mark Up	8.50%
Gyrodyne Special Distribution LLC [Member] | Rental Expense [Member]
Note 4 - Principles of Consolidation (Details) [Line Items]
Variable Interest Entity Reimbursemnt Percentage	8.50%
Gyrodyne Special Distribution LLC [Member]
Note 4 - Principles of Consolidation (Details) [Line Items]
Loans Receivable, Gross, Commercial, Mortgage	13,130,802		13,840,889
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net	16,893,000		19,058,000
Variable Interest Entity Reimbursemnt Percentage	100.00%
Variable Interest Entity Funds Advanced Interest Rate	5.00%
Gyrodyne Special Distribution LLC [Member] | Estimate of Fair Value Measurement [Member]
Note 4 - Principles of Consolidation (Details) [Line Items]
Real Estate Investment Property, Net			$30,685,000
Variable Interest Entity, Not Primary Beneficiary [Member] | General And Administrative Expenses [Member]
Note 4 - Principles of Consolidation (Details) [Line Items]
Variable Interest Entity Reimbursemnt Percentage	85.00%

Note_5_Consolidating_Financial2

Note 5 - Consolidating Financial Information (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
Note 5 - Consolidating Financial Information (Details) [Line Items]
Deferred Rent Receivables, Net	$48,365	$215,709	$225,432
Receivables, Net, Current	31,988	95,829	142,478
Prepaid Expense and Other Assets	350,848	892,074	662,481
Security Deposit Liability	253,100	474,111	463,706
Accounts Payable	250,523	1,710,257	486,887
Accrued Liabilities	513,515	3,246,403	277,982
Deferred Rent Credit	23,557	93,922	52,351
Variable Interest Entity, Primary Beneficiary [Member] | Mortgages [Member]
Note 5 - Consolidating Financial Information (Details) [Line Items]
Loans Payable	13,130,802	13,840,889
Variable Interest Entity, Primary Beneficiary [Member]
Note 5 - Consolidating Financial Information (Details) [Line Items]
Variable Interest Entity, Consolidated, Carrying Amount, Assets	33,811,227	33,730,130
Real Estate Investments, Net	32,790,481	32,739,678
Deferred Rent Receivables, Net	306,616	215,709
Receivables, Net, Current	43,614	0
Prepaid Expense and Other Assets	670,516	774,743
Security Deposit Liability	463,737	474,111
Accounts Payable	183,645	0
Accrued Liabilities	32,378	0
Deferred Rent Credit	107,600	93,922
Long-term Line of Credit	$3,000,459	$254,740

Note_5_Consolidating_Financial3

Note 5 - Consolidating Financial Information (Details) - Consolidated Balance Sheet (USD $)	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013		Sep. 30, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Rental property:
Land	$1,733,693		$4,621,293			$5,163,093
Building and improvements	11,307,442		32,626,185			33,307,858
Machinery and equipment	344,733		344,733			343,272
	13,385,868		37,592,211			38,814,223
Less accumulated depreciation	4,807,276		7,234,846			6,281,121
	8,578,592		30,357,365			32,533,102
Land held for development:
Land	558,466		558,466			558,466
Land development costs	1,923,822		1,823,847			1,715,846
	2,482,288		2,382,313			2,274,312
Total real estate, net	11,060,880		32,739,678			34,807,414
Assets held for sale	22,411,392		22,024,321
Cash and cash equivalents	4,377,093		13,048,827			94,164,722	10,375,994	2,141,522
Investment in marketable securities	6,071,506		3,380,864	[1]		4,516,472
Rent receivable, net of allowance for doubtful accounts of approximately $74,000	31,988		95,829			142,478
Deferred rent receivable	48,365		215,709			225,432
Prepaid expenses and other assets	350,848		892,074			662,481
Prepaid pension costs	586,401		608,807
Total Assets	44,938,473		50,981,788			134,518,999
LIABILITIES:
Accounts payable	250,523		1,710,257			486,887
Accrued liabilities	513,515		3,246,403			277,982
Deferred rent liability	23,557		93,922			52,351
Tenant security deposits payable	253,100		474,111			463,706
Liabilities related to assets held for sale	365,923		381,966
Deferred income taxes	1,315,000		1,315,000			62,964,000
Dividend payable	682,033		16,144,614		98,685,000
Notes payable	16,447,427	16,447,427	16,144,614
Total Liabilities	19,851,078		22,984,307			69,750,997
EQUITY:
Common stock, $1 par value; authorized 4,000,000 shares; 1,723,888 shares issued; 1,482,680 shares outstanding	1,723,888		1,723,888			1,723,888
Additional paid-in capital	17,753,505		17,753,505			17,753,505
Accumulated other comprehensive income	118,219		118,789			-1,195,803	292,031	102,383
Deficit	-9,863,126		-8,693,390			48,024,109
	9,732,486		10,902,792			66,305,699
Less cost of shares of common stock held in treasury; 241,208	-1,537,697		-1,537,697			-1,537,697
Total Gyrodyne Stockholdersb Equity	8,194,789		9,365,095			64,768,002
Non-controlling interest in GSD, LLC	16,892,606		18,632,386
Total equity	25,087,395		27,997,481			64,768,002	23,987,799	14,961,340
Total Liabilities and Equity	44,938,473		50,981,788			134,518,999
Consolidation, Eliminations [Member]
Land held for development:
GSD Line of Credit	-3,000,459
Mortgage receivable	-13,130,802
Total Assets	-16,131,261
LIABILITIES:
Liabilities related to assets held for sale	-9,301,752
GSD Line of Credit	-3,000,459
Mortgage Payable	-3,829,050
Total Liabilities	-16,131,261
EQUITY:
Deficit	2,173,862
	2,173,862
Total Gyrodyne Stockholdersb Equity	2,173,862
Non-controlling interest in GSD, LLC	-2,173,862
Total Liabilities and Equity	-16,131,261
Parent Company [Member]
Land held for development:
Cash and cash equivalents	4,377,093
Investment in marketable securities	6,071,506
GSD Line of Credit	3,000,459
Prepaid expenses and other assets	92,246
Prepaid pension costs	586,401
Mortgage receivable	13,130,802
Total Assets	27,258,507
LIABILITIES:
Accounts payable	105,743
Accrued liabilities	513,515
Deferred income taxes	1,315,000
Dividend payable	682,033
Notes payable	16,447,427
Total Liabilities	19,063,718
EQUITY:
Common stock, $1 par value; authorized 4,000,000 shares; 1,723,888 shares issued; 1,482,680 shares outstanding	1,723,888
Additional paid-in capital	17,753,505
Accumulated other comprehensive income	118,219
Deficit	-9,863,126
	9,732,486
Less cost of shares of common stock held in treasury; 241,208	-1,537,697
Total Gyrodyne Stockholdersb Equity	8,194,789
Total equity	8,194,789
Total Liabilities and Equity	27,258,507
GSD LLC [Member]
Rental property:
Land	1,733,693
Building and improvements	11,307,442
Machinery and equipment	344,733
	13,385,868
Less accumulated depreciation	4,807,276
	8,578,592
Land held for development:
Land	558,466
Land development costs	1,923,822
	2,482,288
Total real estate, net	11,060,880
Assets held for sale	22,411,392
Rent receivable, net of allowance for doubtful accounts of approximately $74,000	31,988
Deferred rent receivable	48,365
Prepaid expenses and other assets	258,602
Total Assets	33,811,227
LIABILITIES:
Accounts payable	144,780
Deferred rent liability	23,557
Tenant security deposits payable	253,100
Liabilities related to assets held for sale	9,667,675
GSD Line of Credit	3,000,459
Mortgage Payable	3,829,050
Total Liabilities	16,918,621
EQUITY:
Deficit	-2,173,862
	-2,173,862
Total Gyrodyne Stockholdersb Equity	-2,173,862
Non-controlling interest in GSD, LLC	19,066,468
Total equity	16,892,606
Total Liabilities and Equity	33,811,227
Consolidated Entities [Member]
Rental property:
Land	1,733,693
Building and improvements	11,307,442
Machinery and equipment	344,733
	13,385,868
Less accumulated depreciation	4,807,276
	8,578,592
Land held for development:
Land	558,466
Land development costs	1,923,822
	2,482,288
Total real estate, net	11,060,880
Assets held for sale	22,411,392
Cash and cash equivalents	4,377,093
Investment in marketable securities	6,071,506
Rent receivable, net of allowance for doubtful accounts of approximately $74,000	31,988
Deferred rent receivable	48,365
GSD Line of Credit	3,000,459
Prepaid expenses and other assets	350,848
Prepaid pension costs	586,401
Mortgage receivable	13,130,802
Total Assets	61,069,734
LIABILITIES:
Accounts payable	250,523
Accrued liabilities	513,515
Deferred rent liability	23,557
Tenant security deposits payable	253,100
Liabilities related to assets held for sale	9,667,675
GSD Line of Credit	3,000,459
Mortgage Payable	3,829,050
Deferred income taxes	1,315,000
Dividend payable	682,033
Notes payable	16,447,427
Total Liabilities	35,982,339
EQUITY:
Common stock, $1 par value; authorized 4,000,000 shares; 1,723,888 shares issued; 1,482,680 shares outstanding	1,723,888
Additional paid-in capital	17,753,505
Accumulated other comprehensive income	118,219
Deficit	-12,036,988
	7,558,624
Less cost of shares of common stock held in treasury; 241,208	-1,537,697
Total Gyrodyne Stockholdersb Equity	6,020,927
Non-controlling interest in GSD, LLC	19,066,468
Total equity	25,087,395
Total Liabilities and Equity	$61,069,734
[1]	During 2013, the Company received $996,148 in principal repayments.

Note_5_Consolidating_Financial4

Note 5 - Consolidating Financial Information (Details) - Consolidated Balance Sheet (Parentheticals) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Sep. 30, 2011
Condensed Balance Sheet Statements, Captions [Line Items]
Allowance for doubtful accounts (in Dollars)	$74,000	$74,000	$67,000	$103,000
Common stock, par value (in Dollars per share)	$1	$1	$1
Common stock, authorized	4,000,000	4,000,000	4,000,000		173,305
Common stock, shares issued	1,723,888	1,723,888	1,723,888
Common stock, shares outstanding	1,482,680	1,482,680	1,482,680
Common stock held in treasury	241,208	241,208	241,208

Note_5_Consolidating_Financial5

Note 5 - Consolidating Financial Information (Details) - Consolidated Statement of Operations (USD $)	3 Months Ended		6 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Revenues
Rental income	$578,148	$667,757		$1,762,890	$1,902,907	$4,487,083	$4,448,402	$4,886,823
Rental income	60,355	86,816		239,217	284,008	542,886	540,706	632,881
Total	638,503	754,573		2,002,107	2,186,915	5,029,969	4,989,108	5,519,704
Expenses
Rental expenses	373,935	337,583		1,140,057	1,051,013	2,514,530	2,308,036	2,347,400
General and administrative expenses	526,572	5,713,020		1,676,938	7,277,635	11,551,674	6,561,910	1,862,466
Strategic alternative expenses	373,555	2,151,392		1,246,096	2,803,021	3,637,123	1,013,043	29,383
Depreciation	82,042	91,058		249,660	264,321	953,725	900,095	876,101
Insurance claim recoveries in excess of cost	-184,339			-184,339
Impairment charges		2,100,000	200,000	200,000	2,100,000	2,100,000	0
Total	1,171,765	10,393,053		4,328,412	13,495,990	20,757,052	10,783,084	5,115,350
Other Income (Expense):
Interest income	32,602	59,437		78,526	188,066	236,954	86,217	1,696
Interest expense	-206,224			-542,570	-5,748	-5,748	-965,506	-1,197,407
Total	-173,622	59,437		-464,044	182,318	231,206	-879,289	-1,195,711
Net Loss from continued operations	-706,884	48,603,079		-2,790,349	47,053,005
Net Income from discontinued operations	301,327	104,911		562,866	327,471
Net Loss	-405,557	48,707,990		-2,227,483	47,380,476	46,063,206	99,048,253	-1,124,665
Consolidation, Eliminations [Member]
Revenues
Other income	-1,227,109			-3,883,142
Total	-1,227,109			-3,883,142
Expenses
Reimbursable expenses	-383,935			-1,150,057
Rental expenses	-14,946			-38,885
General and administrative expenses	-483,717			-1,544,988
Strategic alternative expenses	-344,511			-1,149,212
Total	-1,227,109			-3,883,142
Other Income (Expense):
Interest income	-83,030			-203,153
Interest expense	83,030			203,153
Parent Company [Member]
Revenues
Other income	1,227,109			3,883,142
Total	1,227,109			3,883,142
Expenses
Reimbursable expenses	383,935			1,150,057
General and administrative expenses	526,572			1,676,938
Strategic alternative expenses	373,555			1,246,096
Total	1,284,062			4,073,091
Other Income (Expense):
Interest income	115,632			281,679
Interest expense	-206,224			-542,570
Total	-90,592			-260,891
Net Loss from continued operations	-147,545			-450,840
Net Income from discontinued operations	127,736			389,218
Net Loss	-19,809			-61,622
GSD LLC [Member]
Revenues
Rental income	578,148			1,762,890
Rental income	60,355			239,217
Total	638,503			2,002,107
Expenses
Rental expenses	388,881			1,178,942
General and administrative expenses	483,717			1,544,988
Strategic alternative expenses	344,511			1,149,212
Depreciation	82,042			249,660
Insurance claim recoveries in excess of cost	-184,339			-184,339
Impairment charges				200,000
Total	1,114,812			4,138,463
Other Income (Expense):
Interest expense	-83,030			-203,153
Total	-83,030			-203,153
Net Loss from continued operations	-559,339			-2,339,509
Net Income from discontinued operations	173,591			173,648
Net Loss	-385,748			-2,165,861
Consolidated Entities [Member]
Revenues
Rental income	578,148			1,762,890
Rental income	60,355			239,217
Other income	1,227,109			3,883,142
Total	1,865,612			5,885,249
Expenses
Reimbursable expenses	383,935			1,150,057
Rental expenses	388,881			1,178,942
General and administrative expenses	1,010,289			3,221,926
Strategic alternative expenses	718,066			2,395,308
Depreciation	82,042			249,660
Insurance claim recoveries in excess of cost	-184,339			-184,339
Impairment charges				200,000
Total	2,398,874			8,211,554
Other Income (Expense):
Interest income	115,632			281,679
Interest expense	-289,254			-745,723
Total	-173,622			-464,044
Net Loss from continued operations	-706,884			-2,790,349
Net Income from discontinued operations	301,327			562,866
Net Loss	($405,557)			($2,227,483)

Note_6_Real_Estate_Assets_Held2

Note 6 - Real Estate Assets Held for Sale and Discontinued Operations: (Details) (USD $)	3 Months Ended
	Jun. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]
Impairment of Real Estate	$200,000

Note_6_Real_Estate_Assets_Held3

Note 6 - Real Estate Assets Held for Sale and Discontinued Operations: (Details) - Properties and Related Liabilities Held-for-Sale (USD $)	Sep. 30, 2014	Dec. 31, 2013
Property
Accounts receivable	$11,626	$13,166
Deferred rent receivable	258,251	158,340
Prepaid expenses and other	411,914	273,795
Total Assets Held for Sale	22,411,392	22,024,321
Accounts payable	38,865	106,978
Accrued liabilities	32,378
Deferred rent liability	84,043	72,535
Tenant security deposit payable	210,637	202,453
Total Liabilities Related to Real Estate Assets Held for Sale	365,923	381,966
Cortland Manor Medical Center [Member]
Property
Property	8,189,751	8,272,231
Fair fax Medical Center [Member]
Property
Property	$13,539,850	$13,306,789

Note_6_Real_Estate_Assets_Held4

Note 6 - Real Estate Assets Held for Sale and Discontinued Operations: (Details) - Discontinued Operations (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenues
Revenues	$575,049	$525,877	$1,728,800	$1,603,017
Expenses
Expenses	273,722	420,966	1,165,934	1,275,546
Depreciation		151,827	314,935	449,234
Net income from discontinuing operations	301,327	104,911	562,866	327,471
Rental Income [Member]
Revenues
Revenues	533,784	488,603	1,575,875	1,457,539
Rental Income Tenant Reimbursements [Member]
Revenues
Revenues	41,265	37,274	152,925	145,478
Rental Expense [Member]
Expenses
Expenses	$273,722	$269,139	$850,999	$826,312

Note_7_Investment_in_Marketabl

Note 7 - Investment in Marketable Securities (Details) - Historical Cost and Estimated Fair Value of Available-for-sale Securities (Under Review) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013		Dec. 31, 2012
Historical Cost and Estimated Fair Value of Available-for-sale Securities (Under Review) [Abstract]
Amortized cost	$6,137,249	$3,446,037		$4,442,185
Gross Unrealized Losses	-65,743	-65,173		74,287
Fair Value*	$6,071,506	$3,380,864	[1]	$4,516,472	[1]
[1]	The Company received $996,148 and $890,470 in principal repayments during the years ended December 31, 2013 and 2012, respectively

Note_8_Notes_Payable_Details

Note 8 - Notes Payable: (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Apr. 10, 2019	Feb. 28, 2017	Sep. 30, 2014	Jun. 30, 2014	Apr. 10, 2014	Sep. 13, 2013	Feb. 29, 2012	Jan. 17, 2012	Nov. 30, 2011	Jun. 30, 2008	Jun. 16, 2014
Note 8 - Notes Payable: (Details) [Line Items]
Income (Loss) before Gain or Loss on Sale of Properties, and Extraordinary Items	$18,000,000
Notes Payable	16,144,614			16,447,427	16,447,427
Dividends Payable, Amount Per Share (in Dollars per share)	$10.89						$66.56
Debt Instrument, Interest Rate, Stated Percentage		5.50%	5.00%			5.88%		5.75%	5.75%	5.66%	4.71%
Global Dividend Note Payable [Member]
Note 8 - Notes Payable: (Details) [Line Items]
Notes Payable	16,144,614			16,150,000	16,144,614
Dividends Payable, Amount Per Share (in Dollars per share)				$10.89
Debt Instrument, Interest Rate, Stated Percentage				5.00%
Global Note Payable [Member]
Note 8 - Notes Payable: (Details) [Line Items]
Notes Payable					302,813							302,813
GSD LLC [Member]
Note 8 - Notes Payable: (Details) [Line Items]
Gain (Loss) on Sale of Properties	$28,400,000

Note_8_Notes_Payable_Details_S

Note 8 - Notes Payable: (Details) - Summary of Notes Payable (USD $)	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013	Jun. 16, 2014
Note 8 - Notes Payable: (Details) - Summary of Notes Payable [Line Items]
Notes Payable	$16,447,427	$16,447,427	$16,144,614
Global Dividend Note Payable [Member]
Note 8 - Notes Payable: (Details) - Summary of Notes Payable [Line Items]
Notes Payable	16,150,000	16,144,614	16,144,614
Global Note Payable [Member]
Note 8 - Notes Payable: (Details) - Summary of Notes Payable [Line Items]
Notes Payable		$302,813		$302,813

Note_9_Dividend_payable_Detail

Note 9 - Dividend payable (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Sep. 13, 2013	Sep. 12, 2014
Note 9 - Dividend payable (Details) [Line Items]
Dividends Payable	$682,033	$16,144,614	$98,685,000
Dividends Payable, Amount Per Share		$10.89		$66.56
Special Supplemental Dividend [Member]
Note 9 - Dividend payable (Details) [Line Items]
Dividends Payable					$682,033
Dividends Payable, Amount Per Share					$0.46

Note_10_Earnings_per_Share_Det

Note 10 - Earnings per Share: (Details) - Summary of Net Income (Loss) Earnings Per Share (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Net (loss) income attributable to Gyrodyne:
Continuing operations			($61,622)	$47,380,476
Net (loss) income attributable to Gyrodyne	($19,809)	$48,707,990	($61,622)	$47,380,476	$46,055,205	$99,048,253	($1,124,665)
Weighted average number of common shares outstanding	1,482,680	1,482,680	1,482,680	1,482,680	1,482,680	1,482,680	1,340,706
Net (loss) income per common share attributable to Gyrodyne (bEPSb):
Continuing operations	($0.01)	$32.85	($0.04)	$31.96
Net (loss) income per common share attributable to Gyrodyne (bEPSb)	($0.01)	$32.85	($0.04)	$31.96	$31.07	$66.80	($0.84)

Note_11_Income_Taxes_Details_D

Note 11 - Income Taxes: (Details) - Deferred Tax Liabilites (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
Deferred Tax Liabilites [Abstract]
Unrealized gain on investment in Citrus Grove	($1,315,000)	($1,315,000)	($1,315,000)
Net Deferred Income Taxes	($1,315,000)	($1,315,000)	($62,964,000)

Note_12_Retirement_Plans_Detai

Note 12 - Retirement Plans: (Details) - Components of Net Periodic Benefit Cost (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Pension Benefits
Service Cost	$46,427	$65,258	$139,280	$195,775
Interest Cost	45,708	62,909	137,126	188,726
Expected Return on Plan Assets	-90,310	-81,546	-270,932	-244,639
Amortization of prior service costs	5,644	5,644	16,932	16,932
Amortization of Actuarial Loss		35,883		107,648
Net Periodic Pension Benefit Cost After Curtailments and Settlements	$7,469	$88,148	$22,406	$264,442

Note_13_Incentive_Compensation

Note 13 - Incentive Compensation Plan: (Details) - Vested Maximum Benefit Payable to Ex-Employees (USD $)	Jun. 30, 2014	Dec. 31, 2013
Note 13 - Incentive Compensation Plan: (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Number of Units Under Plan	110,000	36,850
Maximum Benefit Relating to Non-Cash Dividends		$473,513
Non-Cash Dividends [Member] | Chief Operating Officer [Member]
Note 13 - Incentive Compensation Plan: (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Maximum Benefit Relating to Non-Cash Dividends	31,482
Non-Cash Dividends [Member] | Current Employees [Member]
Note 13 - Incentive Compensation Plan: (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Maximum Benefit Relating to Non-Cash Dividends	9,328
Non-Cash Dividends [Member] | Director [Member]
Note 13 - Incentive Compensation Plan: (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Maximum Benefit Relating to Non-Cash Dividends	114,268
Non-Cash Dividends [Member] | Current COO Employees And Directors [Member]
Note 13 - Incentive Compensation Plan: (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Maximum Benefit Relating to Non-Cash Dividends	155,078
Non-Cash Dividends [Member] | Former Chief Executive Officer [Member]
Note 13 - Incentive Compensation Plan: (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Maximum Benefit Relating to Non-Cash Dividends	43,142	43,142
Non-Cash Dividends [Member] | Other Former Employees [Member]
Note 13 - Incentive Compensation Plan: (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Maximum Benefit Relating to Non-Cash Dividends	17,490
Non-Cash Dividends [Member] | Former Director [Member]
Note 13 - Incentive Compensation Plan: (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Maximum Benefit Relating to Non-Cash Dividends	17,490	17,490
Non-Cash Dividends [Member] | Former Board Members And Employees [Member]
Note 13 - Incentive Compensation Plan: (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Maximum Benefit Relating to Non-Cash Dividends	78,122
Non-Cash Dividends [Member]
Note 13 - Incentive Compensation Plan: (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Maximum Benefit Relating to Non-Cash Dividends	233,200	78,122
Chief Operating Officer [Member]
Note 13 - Incentive Compensation Plan: (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Number of Units Under Plan	14,850
Current Employees [Member]
Note 13 - Incentive Compensation Plan: (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Number of Units Under Plan	4,400
Director [Member]
Note 13 - Incentive Compensation Plan: (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Number of Units Under Plan	53,900
Current COO Employees And Directors [Member]
Note 13 - Incentive Compensation Plan: (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Number of Units Under Plan	73,150
Former Chief Executive Officer [Member]
Note 13 - Incentive Compensation Plan: (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Number of Units Under Plan	20,350	20,350
Maximum Benefit Relating to Non-Cash Dividends		259,870
Other Former Employees [Member]
Note 13 - Incentive Compensation Plan: (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Number of Units Under Plan	8,250
Former Director [Member]
Note 13 - Incentive Compensation Plan: (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Number of Units Under Plan	8,250	8,250
Maximum Benefit Relating to Non-Cash Dividends		$105,728
Former Board Members And Employees [Member]
Note 13 - Incentive Compensation Plan: (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Number of Units Under Plan	36,850

Note_14_Retention_Incentive_Bo1

Note 14 - Retention/ Incentive Bonus Plan: (Details)	Sep. 30, 2014
Note 14 - Retention/ Incentive Bonus Plan: (Details) [Line Items]
Bonus Pool Funding As Percentage Of Appraised Value Of Contributed Properties	5.00%
Retention Bonus Plan Gross Selling Price Requirement Percentage	100.00%
Additional Bonus Pool Funding Percentage Of Gross Sales Price On First Ten Percent Off Property Appreciation	10.00%
Additional Bonus Pool Funding Percentage Of Gross Sales Price On Second Ten Percent Of Property Appreciation	15.00%
Additional Bonus Pool Funding Percentage Of Gross Sales Price On Property Appreciation Greater Than Twenty Percent	20.00%
Additional Bonus Pool Funding Additional Percentage Of Gross Sales Price On Property Appreciation	2.00%
Board of Directors Chairman [Member]
Note 14 - Retention/ Incentive Bonus Plan: (Details) [Line Items]
Bonus Pool Distribution Proportions	15.00%
Directors Other Than Chairman [Member]
Note 14 - Retention/ Incentive Bonus Plan: (Details) [Line Items]
Bonus Pool Distribution Proportions	50.00%
Other 5 Directors [Member]
Note 14 - Retention/ Incentive Bonus Plan: (Details) [Line Items]
Bonus Pool Distribution Proportions	10.00%
Executives And Employees [Member]
Note 14 - Retention/ Incentive Bonus Plan: (Details) [Line Items]
Bonus Pool Distribution Proportions	35.00%

Note_16_Commitments_and_Contin

Note 16 - Commitments and Contingencies: (Details) - Lease Revenue Commitments (USD $)	Sep. 30, 2014	Dec. 31, 2013
Lease Revenue Commitments [Abstract]
2015	$3,789,000	$3,903,000
2016	3,044,000	2,987,000
2017	2,262,000	2,364,000
2018	1,941,000	1,728,000
2019	1,567,000	1,486,000
Thereafter	3,126,000	3,060,000
	$15,729,000	$15,528,000

Note_16_Commitments_and_Contin1

Note 16 - Commitments and Contingencies: (Details) - Other Commitments and Contingencies (USD $)	Sep. 30, 2014
Other Commitments [Line Items]
Contractual Obligation	$953,200
Employment Agreement With Serverance Contingencies [Member]
Other Commitments [Line Items]
Contractual Obligation	600,000
Other Employee Severance Commitment Contingencies [Member]
Other Commitments [Line Items]
Contractual Obligation	$120,000

Note_18_Fair_Value_of_Financia

Note 18 - Fair Value of Financial Instruments: (Details) - Carrying Value and Fair Value of Financial Assets and Liabilities (USD $)	Sep. 30, 2014	Dec. 31, 2013		Dec. 31, 2012
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment in Marketable Securities	$6,071,506	$3,380,864	[1]	$4,516,472
Investment in Marketable Securities	6,071,506	3,380,864	[2]	4,516,472	[2]
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment in Marketable Securities	$6,071,506	$3,380,864	[1]	$4,516,472
[1]	During 2013, the Company received $996,148 in principal repayments.
[2]	The Company received $996,148 and $890,470 in principal repayments during the years ended December 31, 2013 and 2012, respectively

Note_18_Fair_Value_of_Financia1

Note 18 - Fair Value of Financial Instruments: (Details) - Assets and Liabilities from Continuing Operations At Fair Value Recurring and Non-Recurring (Impaired Real Estate Assets [Member], USD $)	Sep. 30, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired real estate assets	$6,181,331	$6,508,394
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired real estate assets	$6,181,331	$6,508,394

Note_20_Accumulated_Other_Comp2

Note 20 - Accumulated Other Comprehensive Income (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Disclosure Text Block [Abstract]
Accumulated Other Comprehensive Income (Loss), Net of Tax	$118,219	$118,789	($1,195,803)	$292,031	$102,383

Note_20_Accumulated_Other_Comp3

Note 20 - Accumulated Other Comprehensive Income (Details) - Accumulated Other Comprehensive Income (USD $)	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Accumulated Other Comprehensive Income [Abstract]
Unrecorded loss on investments	($65,743)	($65,173)
Unrecorded gain on pension	183,962	183,962
Accumulated other comprehensive income	$118,219	$118,789	($1,195,803)	$292,031	$102,383