Gyrodyne Co Of America 10-K 31 Mar 15 2014 FY Annual report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
	Dec. 31, 2014	Mar. 31, 2015	Jun. 30, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	GYRODYNE CO OF AMERICA INC
Document Type	10-K
Current Fiscal Year End Date	-19
Entity Common Stock, Shares Outstanding		1,482,680
Entity Public Float			$7,190,875
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	31-Dec-14
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2014		Dec. 31, 2013
Rental property:
Land	$4,569,693		$4,621,293
Building and improvements	33,405,129		32,626,185
Machinery and equipment	344,733		344,733
	38,319,555		37,592,211
Less Accumulated Depreciation	8,204,417		7,234,846
	30,115,138		30,357,365
Land held for development:
Land	558,466		558,466
Land development costs	1,961,345		1,823,847
	2,519,811		2,382,313
Total Real Estate, net	32,634,949		32,739,678
Cash and Cash Equivalents	4,028,337		13,048,827
Investment in Marketable Securities	5,950,098	[1]	3,380,864
Rent Receivable, net of allowance for doubtful accounts of $89,000 and $74,000 respectively	7,452		95,829
Deferred Rent Receivable	334,914		215,709
Prepaid Expenses and Other Assets	920,614		892,074
Prepaid Pension Costs			608,807
Total Assets(a)	43,876,364		50,981,788
Liabilities:
Accounts payable	793,262		1,710,257
Accrued liabilities	220,573		3,246,403
Deferred rent liability	94,737		93,922
Tenant security deposits payable	474,425		474,111
Income tax payable	750,000
Deferred income taxes			1,315,000
Pension Costs	552,546
Notes payable	17,533,210		16,144,614
Total Liabilities(a)	20,418,753		22,984,307
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
Additional paid-in capital	17,753,505		17,753,505
Accumulated other comprehensive income	-633,682		118,789
Deficit retained earnings	-9,653,951		-9,119,471
	9,189,760		10,476,711
Less Cost of 241,208 Shares of Common Stock Held in Treasury	-1,537,697		-1,537,697
Total Gyrodyne Stockholders' Equity	7,652,063		8,939,014
Non-controlling interest in GSD, LLC	15,805,548		19,058,467
Total Equity	23,457,611		27,997,481
Total Liabilities and Equity	43,876,364		50,981,788
Variable Interest Entity, Primary Beneficiary [Member]
Land held for development:
Rent Receivable, net of allowance for doubtful accounts of $89,000 and $74,000 respectively	7,452		0
Deferred Rent Receivable	334,914		215,709
Prepaid Expenses and Other Assets	785,964		774,743
Liabilities:
Accounts payable	218,163		0
Deferred rent liability	94,737		93,922
Tenant security deposits payable	$474,425		$474,111
[1]	During 2014, the Company received $653,593 in principal repayments.

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parentheticals) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Allowance for doubtful accounts	$89,000	$74,000	$67,000
Common stock, par value (in Dollars per share)	$1	$1
Common stock, shares authorized (in Shares)	4,000,000	4,000,000
Common stock, shares issued (in Shares)	1,723,888	1,723,888
Common stock, shares outstanding (in Shares)	1,482,680	1,482,680
Less common stock held in treasury, shares (in Shares)	241,208	241,208
Variable Interest Entity, Primary Beneficiary [Member] | Mortgages [Member]
Mortgages Payable, VIE	12,889,463	13,840,889
Variable Interest Entity, Primary Beneficiary [Member]
Total Assets, VIE	33,763,279	33,730,130
Real Estate, VIE	32,634,949	32,739,678
Line of Credit, VIE	$4,280,943	$262,741

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Revenues
Rental income	$4,439,467	$4,487,083
Rental income - tenant reimbursements	509,221	542,886
Total Rental income	4,948,688	5,029,969
Expenses
Rental expenses	2,605,844	2,514,530
General and administrative expenses	2,552,871	11,554,034
Strategic alternative expenses	1,836,476	3,637,123
Impairment charges	200,000	2,100,000
Depreciation	969,571	953,725
Insurance claim recoveries in excess of costs	-184,401
Total	7,980,361	20,759,412
Other Income (Expense):
Interest income	110,311	236,954
Interest expense	-749,004	-5,748
Total	-638,693	231,206
Net Loss Before Benefit for Income Taxes	-3,670,366	-15,498,237
Benefit for Income Taxes	-565,000	-61,553,442
Net (loss) income	-3,105,366	46,055,205
Net Loss from Non-Controlling Interest in GSD, LLC	-3,252,919	-8,001
Net income Attributable to Gyrodyne	$147,553	$46,063,206
Net income attributable to Gyrodyne per common share:
Basic and diluted (in Dollars per share)	$0.10	$31.07
Weighted Average Number of Common Shares Outstanding:
Basic and Diluted (in Shares)	1,482,680	1,482,680

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive (Loss) Income (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Net Income Attributable to Gyrodyne	$147,553	$46,063,206
Other Comprehensive (loss) income:
Unrecognized actuarial pension (loss) gain	-836,355	1,454,052
Unrealized gain (loss) on investments	83,884	-139,460
Other Comprehensive (Loss) Income Attributable to Gyrodyne	-752,471	1,314,592
Comprehensive (Loss) Income Attributable to Gyrodyne	-604,918	47,377,798
Comprehensive Loss Attributable to Non-Controlling Interest in GSD, LLC	-3,252,919	-8,001
Comprehensive (Loss) Income	($3,857,837)	$47,369,797

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, 2013 at Dec. 31, 2012	$1,723,888	$17,753,505	($1,195,803)		$48,024,109	$1,537,697			$64,768,002
Balance, January 1, 2013 (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	-87,062,172		19,066,468	-16,144,614	-67,995,704
Ending Balance at Dec. 31, 2013	1,723,888	17,753,505	118,789		-9,119,471	1,537,697	19,058,467		27,997,481
Ending Balance (in Shares) at Dec. 31, 2013	1,723,888					241,208
Net Income (Loss)					147,553		-3,252,919		-3,105,366
Other comprehensive income (loss)			-752,471						-752,471
Special Dividend					-682,033				-682,033
Ending Balance at Dec. 31, 2014	$1,723,888	$17,753,505	($633,682)		($9,653,951)	$1,537,697	$15,805,548		$23,457,611
Ending Balance (in Shares) at Dec. 31, 2014	1,723,888					241,208

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Cash Flows from Operating Activities:
Net (Loss) Income	($3,105,366)	$46,055,205
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Depreciation and amortization	969,571	1,000,442
Impairment charge	200,000	2,100,000
Bad debt expense	51,000	36,000
Net periodic pension benefit cost	324,998	352,589
Deferred income taxes		-61,649,000
Noncash interest expense	706,563
Decrease (increase) in assets:
Rent receivable	37,377	10,649
Deferred rent receivable	-119,205	9,723
Prepaid expenses and other assets	-28,540	-264,714
(Decrease) increase in liabilities:
Accounts payable	-916,995	1,223,370
Accrued liabilities	-3,025,830	2,968,421
Income taxes payable and deferred taxes	-565,000
Deferred rent liability	815	41,571
Tenant security deposits	314	10,405
Total adjustments	-2,364,932	-54,160,544
Net cash used in operating activities	-5,470,298	-8,105,339
Cash Flows from Investing Activities:
Purchase of building improvements and equipment	-927,344	-889,584
Land development costs	-137,498	-108,001
Purchase of marketable securities	-3,138,943
Principal repayments on investment in marketable securities	653,593	996,148
Net cash used in investing activities	-3,550,192	-1,437
Cash Flows from Financing Activities:
Principal payments on mortgage loans payable		-5,013,415
Cash distributions paid		-67,995,704
Net cash used in financing activities		-73,009,119
Net decrease in cash and cash equivalents	-9,020,490	-81,115,895
Cash and cash equivalents at beginning of year	13,048,827	94,164,722
Cash and cash equivalents at end of year	4,028,337	13,048,827
Supplemental cash flow information:
Interest paid	7,570	26,637
Income and excise taxes paid	83,679	3,466,878
Non-cash investing and financing activities:
Distribution in ownership interests in GSD, LLC		18,640,387
Dividend Note Payable		16,144,614
Payment in Kind (PIK) Note [Member]
Non-cash investing and financing activities:
Notes Issued	706,563
Dividend Note Issued [Member]
Non-cash investing and financing activities:
Notes Issued	$16,826,647

Note_1_The_Company

Note 1 - The Company	12 Months Ended
	Dec. 31, 2014
Disclosure Text Block [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	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. 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.
	As of December 31, 2014, 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 10.12% limited partnership interest (the “Grove”) in a Florida property (the “Grove Property”).
	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.
	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 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 was a property owner subsidiary and in 2014 is a variable interest entity (“VIE”) 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.

Note_2_Summary_of_Significant_

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	2. Summary of Significant Accounting Policies
	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 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 has mortgage obligations payable and a revolving line of credit with an outstanding balance payable to a wholly-owned subsidiary of the Company of $12,889,463 and $4,280,943, respectively, as of December 31, 2014. At December 31, 2014, the net book value of the assets and liabilities of GSD LLC is $15,805,548. 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, 2014 and 2013. 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 is one investment, The Grove, accounted for under the equity method in 2014 and 2013. Accumulated distributions and losses reduced the book basis of the investment to $0 and accordingly the company ceased recording losses for book purposes but had a deferred tax liability reflecting the losses recorded for tax purposes in excess of book. As a result, as of December 31, 2013, the Company had approximately $1,315,000 of deferred tax liabilities. During 2014, approximately $618,000 of deferred taxes are currently payable with the balance recognized as a tax benefit. Such tax benefit was partially offset by tax liabilities of the taxable REIT subsidiary related to its management services agreement with GSD.
	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 second quarter of 2014 and the third quarter of 2013, the Company recognized aggregate impairment charges of $200,000 and $2,100,000, respectively, on real estate assets. 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 10.12% 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, 2014 and 2013 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, 2014 and 2013. In addition the TRS provides management services to GSD which is also subject to corporate federal and state income taxes.
	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 the Financial Accounting Standards Board (“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 2011, 2012, and 2013.
	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).
	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 that 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.
	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.
	A discontinued operation is 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 an acquired business or nonprofit activity that is classified as held for sale on the date of acquisition.  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.
	As of the years ended December 31, 2014 and 2013, there were no assets and liabilities held for sale and discontinued operations. However, this is due to a change in circumstances as the Company did report assets and liabilities held for sale and discontinued operations in the second and third quarter of 2014. See footnote #5
	New 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 including changing the Company’s financial reporting to a “Consolidated Statement of Net Assets” and a “Consolidated Statement of Changes in Net Assets.”
	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.
	Early adoption is permitted for disposals or assets held for sale that have not been reported in the financial statements previously issued or available for issuance. The Company has elected to early adopt this standard as of January 1, 2014.
	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.
	In February 2015, the FASB issued ASU No. 2015-02, “Consolidation (Topic 810) - Amendments to the Consolidation Analysis.” The amendments in this update provide guidance on evaluating whether a company should consolidate certain legal entities. In accordance with the guidance, all legal entities are subject to reevaluation under the revised consolidation model. The pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is allowed. The adoption of this pronouncement is not expected to have a material effect on Company’s consolidated financial position or results of operations.
	Reclassifications - Certain reclassifications have been made to the consolidated financial statements for the year ended December 31, 2013 to conform to the classifications used in the current year. Such reclassifications include the reclassification of condemnation expenses of $2,360 into general and administrative expenses.

Note_3_Management_Services_Arr

Note 3 - Management Services Arrangements	12 Months Ended
	Dec. 31, 2014
Management Service Arrangements [Abstract]
Management Service Arrangements [Text Block]	3. Management Services Arrangements
	All references to Gyrodyne within the Management Services Arrangment and referenced below refer to Flowerfield Properties, Inc.
	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 was 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 and subsequently to $5.5 million.
	Taking into account a number of factors, including a management services benchmarking study commissioned by Gyrodyne, Gyrodyne Company of America, Inc. (the “Company”) entered into a Management Services Agreement (the “Agreement”) between the Company and GSD, on December 24, 2014 pursuant to which the Company agreed to continue providing certain management services to GSD. The management services include acquisition and disposition services, asset management services, accounting and other administrative services, property management services and shareholder services.
	Pursuant to the Agreement, in consideration for these services:
	●     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 a bonus plan (See note 15) 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.
	Between December 30, 2013 and December 24, 2014, the Company had been providing the foregoing services under substantially the same terms now set forth in the Agreement pursuant to the management provisions contained in GSD’s limited liability company agreement which designates sole management authority in the Company and which entitles the Company to market-rate compensation for its services as well as reimbursement for any costs and expenses incurred by and properly allocable to GSD.

Note_4_Consolidating_Financial

Note 4 - Consolidating Financial Information	12 Months Ended
	Dec. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Financial Information of Parent Company Only Disclosure [Text Block]	4.     Consolidating Financial Information
	Our consolidated assets at December 31, 2014 and 2013 include total assets of $33,763,279 and $33,730,130, respectively, of a variable interest entity (VIE) that can only be used to settle liabilities of that VIE. These assets include real estate of $32,634,949 and $32,739,678, deferred rent of $334,914 and $215,709, rent receivable of $7,452 and $0, and prepaid and other assets of $785,964 and $774,743, respectively. Our consolidated liabilities at December 31, 2014 and 2013 include liabilities of a VIE consisting of $474,425 and $474,111, respectively of tenant security deposits, accounts payable of $218,163 and $0, respectively, and deferred rent liability of $94,737 and $93,922, respectively. The VIE also has mortgages payable to a wholly-owned subsidiary of Gyrodyne of $12,889,463 and $13,840,889, respectively, and an outstanding balance in a revolving debt facility of $4,280,943 and $262,741 at December 31, 2014 and 2013, respectively, that are eliminated in consolidation.
	The tables below are the unaudited consolidating December 31, 2014 and 2013 Balance Sheets and December 31, 2014 Statement of Operations reflecting the operations of Gyrodyne Company of America, Inc. and subsidiaries and GSD.
	Consolidating Balance Sheet as of December 31, 2014 (unaudited)
	ASSETS	Gyrodyne Company of America, Inc. and Subsidiaries			GSD, LLC			Total			Eliminations			Consolidated
	REAL ESTATE
	Rental property:
	Land	$	-		$	4,569,693		$	4,569,693		$	-		$	4,569,693
	Building and improvements		-			33,405,129			33,405,129			-			33,405,129
	Machinery and equipment		-			344,733			344,733			-			344,733
			-			38,319,555			38,319,555			-			38,319,555
	Less accumulated depreciation		-			8,204,417			8,204,417			-			8,204,417
			-			30,115,138			30,115,138			-			30,115,138
	Land held for development:
	Land		-			558,466			558,466			-			558,466
	Land development costs		-			1,961,345			1,961,345			-			1,961,345
			-			2,519,811			2,519,811			-			2,519,811
	Total real estate, net		-			32,634,949			32,634,949			-			32,634,949
	Cash and cash equivalents		4,028,337			-			4,028,337			-			4,028,337
	Investment in marketable securities		5,950,098			-			5,950,098			-			5,950,098
	Rent receivable, net of allowance for doubtful accounts of approximately $89,000		-			7,452			7,452			-			7,452
	Deferred rent receivable		-			334,914			334,914			-			334,914
	GSD Line of Credit		4,280,943			-			4,280,943			(4,280,943	)		-
	Prepaid expenses and other assets		134,650			785,964			920,614			-			920,614
	Mortgage receivable		12,889,463			-			12,889,463			(12,889,463	)		-
	Total Assets	$	27,283,491		$	33,763,279		$	61,046,770		$	(17,170,406	)	$	43,876,364
	LIABILITIES AND EQUITY
	LIABILITIES:
	Accounts payable	$	575,099		$	218,163		$	793,262		$	-		$	793,262
	Accrued liabilities		220,573			-			220,573			-			220,573
	Deferred rent liability		-			94,737			94,737			-			94,737
	Tenant security deposits payable		-			474,425			474,425			-			474,425
	GSD Line of Credit		-			4,280,943			4,280,943			(4,280,943	)		-
	Mortgage Payable		-			12,889,463			12,889,463			(12,889,463	)		-
	Income taxes payable		750,000			-			750,000			-			750,000
	Pension Costs		552,546			-			552,546			-			552,546
	Notes payable		17,533,210			-			17,533,210			-			17,533,210
	Total Liabilities		19,631,428			17,957,731			37,589,159			(17,170,406	)		20,418,753
	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		(633,682	)		-			(633,682	)		-			(633,682	)
	Deficit		(9,653,951	)		(3,260,920	)		(12,914,871	)		3,260,920			(9,653,951	)
			9,189,760			(3,260,920	)		5,928,840			3,260,920			9,189,760
	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		7,652,063			(3,260,920	)		4,391,143			3,260,920			7,652,063
	Non-controlling interest in GSD, LLC		-			19,066,468			19,066,468			(3,260,920	)		15,805,548
	Total equity		7,652,063			15,805,548			23,457,611			-			23,457,611
	Total Liabilities and Equity	$	27,283,491		$	33,763,279		$	61,046,770		$	(17,170,406	)	$	43,876,364
	Consolidating Balance Sheet as of December 31, 2013 (unaudited)
	ASSETS	Gyrodyne Company of America, Inc. and Subsidiaries			GSD, LLC			Total			Eliminations			Consolidated
	REAL ESTATE
	Rental property:
	Land	$	-		$	4,621,293		$	4,621,293		$	-		$	4,621,293
	Building and improvements		-			32,626,185			32,626,185			-			32,626,185
	Machinery and equipment		-			344,733			344,733			-			344,733
			-			37,592,211			37,592,211			-			37,592,211
	Less accumulated depreciation		-			7,234,846			7,234,846			-			7,234,846
			-			30,357,365			30,357,365			-			30,357,365
	Land held for development:
	Land		-			558,466			558,466			-			558,466
	Land development costs		-			1,823,847			1,823,847			-			1,823,847
			-			2,382,313			2,382,313			-			2,382,313
Total real estate, net		-			32,739,678			32,739,678			-			32,739,678
Cash and cash equivalents		13,048,827			-			13,048,827			-			13,048,827
Investment in marketable securities		3,380,864			-			3,380,864			-			3,380,864
Rent receivable, net of allowance for doubtful accounts of approximately $74,000		95,829			-			95,829			-			95,829
Deferred rent receivable		-			215,709			215,709			-			215,709
GSD Line of Credit		262,741			-			262,741			(262,741	)		-
Prepaid expenses and other assets		117,331			774,743			892,074			-			892,074
Prepaid pension costs		608,807			-			608,807			-			608,807
Mortgage receivable		13,840,889			-			13,840,889			(13,840,889	)		-
Total Assets	$	31,355,288		$	33,730,130		$	65,085,418		$	(14,103,630	)	$	50,981,788
LIABILITIES AND EQUITY
LIABILITIES:
Accounts payable	$	1,710,257		$	-		$	1,710,257		$	-		$	1,710,257
Accrued liabilities		3,246,403			-			3,246,403			-			3,246,403
Deferred rent liability		-			93,922			93,922			-			93,922
Tenant security deposits payable		-			474,111			474,111			-			474,111
GSD Line of Credit		-			262,741			262,741			(262,741	)		-
Mortgage Payable		-			13,840,889			13,840,889			(13,840,889	)		-
Deferred income taxes		1,315,000			-			1,315,000			-			1,315,000
Notes payable		16,144,614			-			16,144,614			-			16,144,614
Total Liabilities		22,416,274			14,671,663			37,087,937			(14,103,630	)		22,984,307
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		118,789			-			118,789			-			118,789
Deficit		(9,119,471	)		(8,001	)		(9,127,472	)		8,001			(9,119,471	)
		10,476,711			(8,001	)		10,468,710			8,001			10,476,711
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		8,939,014			(8,001	)		8,931,013			8,001			8,939,014
Non-controlling interest in GSD, LLC		-			19,066,468			19,066,468			(8,001	)		19,058,467
Total equity		8,939,014			19,058,467			27,997,481			-			27,997,481
Total Liabilities and Equity	$	31,355,288		$	33,730,130		$	65,085,418		$	(14,103,630	)	$	50,981,788
Consolidated Statement of Operations – Year Ended December 31, 2014 (unaudited)
	Gyrodyne Company of America, Inc.			GSD, LLC			Total			Eliminations			Consolidated
Revenues
Rental income	$	-		$	4,439,467		$	4,439,467		$	-		$	4,439,467
Rental income - tenant reimbursements		-			509,221			509,221			-			509,221
Other income		6,518,350			-			6,518,350			(6,518,350	)		-
Total		6,518,350			4,948,688			11,467,038			(6,518,350	)		4,948,688
Expenses
Reimbursable expenses		2,673,932			-			2,673,932			(2,673,932	)		-
Rental expenses		-			2,702,536			2,702,536			(96,692	)		2,605,844
General and administrative expenses		2,552,871			2,051,060			4,603,931			(2,051,060	)		2,552,871
Strategic alternative expenses		1,836,476			1,696,666			3,533,142			(1,696,666	)		1,836,476
Impairment charges		-			200,000			200,000			-			200,000
Depreciation		-			969,571			969,571			-			969,571
Insurance claim recoveries in excess of cost		-			(184,401	)		(184,401	)		-			(184,401	)
Total		7,063,279			7,435,432			14,498,711			(6,518,350	)		7,980,361
Other Income (Expense):
Interest income		876,486			-			876,486			(766,175	)		110,311
Interest expense		(749,004	)		(766,175	)		(1,515,179	)		766,175			(749,004	)
Total		127,482			(766,175	)		(638,693	)		-			(638,693	)
Net loss before benefit from income taxes		(417,447	)		(3,252,919	)		(3,670,366	)		-			(3,670,366	)
Income tax benefit		(565,000	)		-			(565,000	)		-			(565,000	)
Net Income (Loss)	$	147,553		$	(3,252,919	)	$	(3,105,366	)	$	-		$	(3,105,366	)

Note_5_Real_Estate_Assets_Held

Note 5 - Real Estate Assets Held for Sale and Discontinued Operations	12 Months Ended
	Dec. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	5. Real Estate Assets Held For Sale and Discontinued Operations
	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.
	A discontinued operation is 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 an acquired business or nonprofit activity that is classified as held for sale on the date of acquisition.  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.
	As of and for the years ended December 31, 2014 and 2013, there were no assets and liabilities held for sale or discontinued operations. However, during the year ended December 31, 2014 the Company did report assets and liabilities held for sale and discontinued operations in the second and third quarter. The Company has not sold the Cortlandt Manor and Fairfax properties. In addition, in early 2015, the Company became aware that various aspects of the plaintiff’s claims in a putative class action lawsuit against the Company, members of the Company’s board of directors, GSD and Gyrodyne, LLC were interfering with the aforementioned proposed sale of such properties. The Company will vigorously defend such action and take steps to seek to eliminate the issues created by the pending action that are impeding the sale. The Company believes that the issues will be resolved in the Company’s favor and that it will be able to liquidate the properties proposed to be sold with no impact to fair value, assuming the market itself does not materially change during the period the Company needs to resolve such issues. As a result of this interference in the sale process, however, the Company believes that as of December 31, 2014, it no longer met the requirements for such assets and liabilities to qualify as assets and liabilities as held for sale and discontinued operations and therefore has reclassified them to operating assets and liabilities and continuing operations and is not reporting discontinued operations for the year ended December 31, 2014.

Note_6_Earnings_per_Share

Note 6 - Earnings per Share	12 Months Ended
	Dec. 31, 2014
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	6.  Earnings per Share
	Basic earnings per common share are computed by dividing net income, 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, 2014 and 2013.
		Years Ended December 31,
	BASIC	2014		2013
	Net income attributable to Gyrodyne	$	147,553	$	46,063,206
	Weighted average number of common shares outstanding		1,482,680		1,482,680
	Net Income per common share attributable to Gyrodyne (“EPS”)	$	0.1	$	31.07

Note_7_Investment_in_Marketabl

Note 7 - Investment in Marketable Securities	12 Months Ended
	Dec. 31, 2014
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
	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 historical cost and estimated fair value of investments in marketable securities available for sale as of December 31, 2014 and 2013 are as follows:
	Mortgage-backed securities	2014		2013
	Amortized Cost	$	5,931,387	$	3,446,037
	Gross Unrealized Gains (Losses)		18,711		(65,173	)
	Fair Value*	$	5,950,098	$	3,380,864
	*The Company received $653,593 and $996,148 in principal repayments during the years ended December 31, 2014 and 2013, 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, 2014 and December 31, 2013, marketable securities based on amortized cost, reflect a yield of approximately 2%, have contractual maturities of 30 years and an adjusted duration of approximately 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 16 – Fair Value of Financial Instruments. None of the securities with an unrealized loss at December 31, 2014 are considered to be other-than-temporarily impaired; therefore the unrealized gain (loss) was reported in the Consolidated Statements of Comprehensive Income (Loss).

Note_8_Investment_in_Grove_Par

Note 8 - Investment in Grove Partnership	12 Months Ended
	Dec. 31, 2014
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments and Joint Ventures Disclosure [Text Block]	8.   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 owned 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 through 2013 was further diluted to approximately 9.32%. During 2014, certain limited partners voluntarily forfeited their interests back to the partnership which increased Gyrodyne’s interest to 10.12%.
	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, 2014 and 2013, the investment is held in a taxable REIT subsidiary of the Company with $0 value. Furthermore, as of December 31, 2013, the Company had a $1,315,000 deferred tax liability related to the Grove, which represented taxable losses not yet recorded pursuant to the equity method of accounting. Following certain taxable gains received in 2014 but not yet recorded, the Company reversed the deferred tax liability in total in 2014 and recorded a current tax liability of approximately $618,000 and a tax benefit of $697,000, accordingly. The Company did not receive any distribution in connection with the sale. Under the agreement with the purchaser, the 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 the Grove.
	The Company is a limited partner in the Grove. The Grove does not have an audit, review or compilation of its financial statements, therefore, the Company is challenged to determine the collectability of any income generated by the Grove. As a result, the company will not recognize income from the Grove until the earlier of when cash distributions are received or upon receiving financial data that substantiates its results of operations.

Note_9_Accrued_Liabilities

Note 9 - Accrued Liabilities	12 Months Ended
	Dec. 31, 2014
Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]
Other Liabilities Disclosure [Text Block]	9. Accrued Liabilities
	Accrued liabilities at December 31, 2014 and 2013 are as follows:
		December 31,
		2014		2013
	Payroll and related taxes	$	51,057	$	137,389
	Professional fees		117,633		112,228
	Directors fees under the ICP		-		2,850,199
	Other		51,883		146,587
	Total	$	220,573	$	3,246,403

Note_10_Income_Taxes

Note 10 - Income Taxes	12 Months Ended
	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	10. Income Taxes
	The Company files federal and state income tax returns that include all 100% owned nontaxable REIT subsidiaries. The Company files separate federal and state income tax returns for its TRS.
	The tax benefit for income taxes is comprised of the following:
		Years Ended December 31,
		2014			2013
	Current:
	Federal	$	641,640		$	95,558
	State		108,360			-
		$	750,000		$	95,558
	Deferred:
	Federal	$	(1,315,000	)	$	(53,505,000	)
	State		-			(8,144,000	)
			(1,315,000	)		(61,649,000	)
	Income tax benefit	$	(565,000	)	$	(61,553,442	)
	The effective income tax rate is approximately 38% for the year ended December 31, 2014 and zero for the prior year due to a pre-tax loss in 2013. The actual provision differed from that computed at the federal statutory corporate rate as follows:
		31-Dec-14			31-Dec-13
	Federal tax benefit at 34% statutory rate	$	(647,460	)	$	(53,505,000	)
	State income tax expense (benefit), net of federal benefit		82,460			(8,144,000	)
	Income tax benefit	$	(565,000	)	$	(61,649,000	)
	Current and deferred income tax liabilities consist of the following:
		December 31,
		2014			2013
	Current Tax Liabilities:				$	-
	Flowerfield Properties, excluding recognized gain on the Grove	$	132,000			-
	Recognized tax gain on the Grove		618,000		$	-
	Total current tax payable	$	750,000
	Deferred Tax Liabilities:
	Unrealized gain on investment in Citrus Grove	$	-		$	1,315,000
	Net Deferred Income Taxes	$	-		$	1,315,000
	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 was 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 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.
	As of December 31, 2013, the Company had approximately $1,315,000 of deferred tax liabilities due resulting from its investment in the Grove. As of December 31, 2014, mainly as a result of the sale, approximately $618,000 of deferred taxes is currently payable with the balance recognized as a tax benefit. Such tax benefit is partially offset by tax liabilities of the taxable REIT subsidiary related to its management services agreement with GSD, the net impact of which was an increase in the current tax payable from $618,000 to $750,000.
	Flowerfield Properties, Inc. is the Company’s taxable REIT subsidiary which files separate federal and state tax returns. For the year ended December 31, 2014, the taxable REIT subsidiary had taxable income related to the management of GSD of approximately $321,000 resulting in a tax liability and related expense of $132,000. Flowerfield Properties Inc. did not have any taxable income in 2013.

Note_11_Retirement_Plans

Note 11 - Retirement Plans	12 Months Ended
	Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	11. Retirement Plans
	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 2014 and 2013, the Company was not required to, and did not make any contributions to the Plan.
	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 submitted documentation 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 first half of 2015. Obligations to participants will be funded and distributions made to all remaining participants based on their elections within 120 days of the date of the IRS determination letter.
	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 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. During 2014, the Company satisfied the elections made by all former employees and retirees resulting in the purchase of an annuity at a cost of $251,620 and lump sum distributions of $2,012,832. The Company recognized an expense associated with the funding of annuities or lump sum benefits versus the PBO obligation associated with the former vested employees of $324,998 which also is the net total pension expense for the year.
	Five active employees remain vested and unfunded in the plan. The Company estimates up to approximately $2.9 million in underfunded obligations based on the cost to meet employee pending elections for lump sum distributions or annuities, taking into consideration the potential impact of illiquid assets in the pension plan. The Company is required to fund the obligations within 120 days of the receipt of the IRS clearance letter which is expected in the first half of 2015.
	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, 2014 and 2013, and a statement of the funded status as of December 31, 2014 and 2013:
		December 31,
		2014			2013
	Pension Benefits
	Reconciliation of Benefit Obligation:
	Obligation	$	3,959,927		$	4,625,576
	Service cost		-			261,033
	Interest cost		182,835			251,634
	Actuarial loss (gain)		409,450			(1,080,104	)
	Benefit payments		(89,275	)		(98,212	)
	Settlements- lump sums paid		(2,264,452	)		-
	Obligation	$	2,198,485		$	3,959,927
	Reconciliation at Fair Value of Plan Assets:
	Fair value of plan assets, beginning of year	$	4,568,734		$	4,132,920
	Actual return on plan assets		(569,068	)		534,026
	Actual Contributions		-			-
	Benefit payments		(89,275	)		(98,212	)
	Settlements		(2,264,452	)		-
	Fair Value of Plan Assets, end of year	$	1,645,939		$	4,568,734
	Funded Status:
	(Liability) asset	$	(552,546	)	$	608,807
	Unrecognized loss (gain)		652,393			(183,962	)
	Net Amount Recognized	$	99,847		$	424,845
	For the years ended December 31, 2014 and 2013, the actuarial pension (loss) gain recognized in other comprehensive income was $(836,355) and $1,454,052, respectively. At December 31, 2014 and 2013, accumulated unrecognized actuarial pension gain/(losses) of $652,393 and $(183,962) have not yet been recognized as a component of net periodic pension benefit cost. The Company expects to complete the termination of the pension plan and related funding in 2015. As a result, the Company expects to recognize the remaining balance of the pension amounts in accumulated other comprehensive income as an expense in 2015. Any remaining obligations to terminate the plan that have not yet been recorded in the consolidated financial statements will be recorded and disclosed as a pension expense in the 2015 consolidated financial statements.
	The accumulated benefit obligation was $2,198,485 and $3,959,927 as of December 31, 2014 and 2013, respectively.
	The following table provides the components of net periodic benefit cost for the plans for the years ended December 31, 2014 and 2013:
		December 31,
		2014			2013
	Pension Benefits
	Service Cost	$	-		$	261,033
	Interest Cost		182,835			251,634
	Expected Return on Plan Assets		(361,243	)		(326,186	)
	Amortization of prior service cost		22,576			22,576
	Amortization of Actuarial Loss		-			143,532
	Recognized loss due to settlement		480,830			-
	Net Periodic Benefit Cost After Curtailments and Settlements	$	324,998		$	352,589
		December 31,
		2014			2013
	Pension Benefits
	Weighted-Average Assumptions
	Discount rate		4.68%			4.68%
	Expected return on plan assets		3.00%			8.00%
	Rate of compensation increase		3.00%			3.00%
	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,
		2014			2013
	Common Stock – Gyrodyne Company of America, Inc.		8.6	%		9.5	%
	Gyrodyne Special Distribution, LLC		23.9	%		15.6	%
	Gyrodyne Company of America – dividend notes		24.7	%		8.2	%
	Fixed Income Funds		23.9	%		17.5	%
	Other Funds		18.9	%		49.2	%
	Total		100	%		100	%
	As of December 31, 2014	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)	$	140,733		$	-		$	140,733
	Gyrodyne Special Distribution LLC (34,325 units)		-			394,051			394,051
	Gyrodyne dividend notes		-			406,716			406,716
Taxable Fixed Income Funds		393,619			-			393,619
Corporate/Foreign Bonds		149,853			-			149,853
US Government Agency		142,241			-			142,241
Money Market Funds		17,267			-			17,267
Accrued Income		1,459			-			1,459
Total	$	845,172		$	800,767		$	1,645,939
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 16 - 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 and supplemented with three additional notes in 2014. As such, there have been changes in value, changes in valuation techniques and inputs, transfers in but not out of level 3 and 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 as well as valuations of the underlying real estate valuations based on comparable sales methodology and 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. There have been changes in value, 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
2015	$	2,921,599
Thereafter		-
	$	2,921,599

Note_12_Incentive_Compensation

Note 12 - Incentive Compensation Plan	12 Months Ended
	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	12. Incentive Compensation Plan
	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.
	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 December 31, 2014 and 2013.
	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.
	In the event of death of a participant, the beneficiary of the participant in the Incentive Plan is entitled to a death benefit.
	On September 13, 2013, the 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/share 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:
	PLAN PARTICPANTS	COMPENSATION		DIRECTOR FEES		Total
	Board of Directors1	$	-	$	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.
	2Approximately $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 holders receive cash in respect of their GSD interests, is estimated to be not more than $233,200 in the aggregate.
	As of December 31, 2014 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_13_Credit_Quality_of_Rent

Note 13 - Credit Quality of Rents Receivable	12 Months Ended
	Dec. 31, 2014
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	13. 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 minimize material losses from defaults. During the years ended December 31, 2014 and 2013, the Company’s bad debt expense was $51,000 and $36,000, 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, 2014 and 2013, respectively, the Company’s Allowance For Doubtful Accounts reflected the following activity:
	Allowance for Doubtful Accounts	31-Dec-14			31-Dec-13
	Beginning balance	$	74,000		$	67,000
	Bad debt expense		51,000			36,000
	Accounts receivable written off		(36,000	)		(29,000	)
	Ending Balance	$	89,000		$	74,000

Note_14_Concentration_of_Credi

Note 14 - Concentration of Credit Risk	12 Months Ended
	Dec. 31, 2014
Credit Concentration Risk [Member]
Note 14 - Concentration of Credit Risk [Line Items]
Concentration Risk Disclosure [Text Block]	14. 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, 2014 and 2013.
Customer Concentration Risk [Member]
Note 14 - Concentration of Credit Risk [Line Items]
Concentration Risk Disclosure [Text Block]	19. Significant Tenants
	For the year ended December 31, 2014, rental income from the three largest tenants represented 8%, 5% and 5% of total rental income.
	For the years ended December 31, 2013, rental income from the three largest tenants represented 11%, 5% and 5% of total rental income.

Note_15_Commitments

Note 15 - Commitments	12 Months Ended
	Dec. 31, 2014
Disclosure Text Block Supplement [Abstract]
Commitments Disclosure [Text Block]	15. Commitments
	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:
	Years Ending December 31,	Amount
	2015	$	3,864,000
	2016		3,088,000
	2017		2,320,000
	2018		2,096,000
	2019		1,590,000
	Thereafter		3,602,000
		$	16,560,000
	Other commitments and contingencies-As of December 31, 2014, other commitments and contingencies are summarized in the below table:
	Incentive Compensation Plan	$	233,200
	Management Employment agreements with bonus and severance commitment contingencies		600,000
	Other employee severance commitment contingencies		76,000
	Total	$	*909,200
	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 $76,000.
	As of December 31, 2014, the commitment related to severance is approximately $676,000.
	Excluded from the above contingency amounts are retention bonuses that may ultimately be payable under the Retention Bonus Plan, but which the amounts, if any, or top end of the range cannot be determined at this time.
	Retention Bonus Plan –In May 2014, our board of directors authorized a Retention Bonus Plan designed to recognize the nature and scope of the responsibilities related to the Company’s 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 funded with an amount equal to 5% of the specified appraised value of each of the Contributed Properties (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 will 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 specified in the Retention Bonus Plan, an additional amount equal to 2% of the gross selling price of such property also is 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 of the Employee Pool shall be determined by the board of directors of the Company or its successor in consultation with its President.

Note_16_Fair_Value_of_Financia

Note 16 - Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	16. 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.
	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 following table represents the carrying value and fair value of the Company’s financial assets and liabilities as of December 31, 2014 and 2013.
		31-Dec-14				31-Dec-13
	Description	Carrying Value		Fair Value		Carrying Value		Fair Value
				(Level 2)				(Level 2)
	Investment in Marketable Securities	$	5,950,098*	$	5,950,098*	$	3,380,864	$	3,380,864
	*During 2014, the Company received $653,593 in principal repayments.
	The Company has investments 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). During 2014, the Company made additional investments in such securities. 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.
	Fair Value Measurements:
	The following tables present the Company's impaired real estate assets measured at fair value on a recurring and non-recurring basis as of December 31, 2014 and December 31, 2013, aggregated by the level in the fair value hierarchy within which those measurements fall:
		Balance		Fair Value Measurements Using
	Description	31-Dec-14		(Level 1)		(Level 2)		(Level 3)
	Impaired real estate assets	$	6,146,952	$	—	$	—	$	6,146,952
		Balance		Fair Value Measurements Using
	Description	31-Dec-13		(Level 1)		(Level 2)		(Level 3)
	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 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, 2014 and 2013, the carrying value of the Company’s investment was $0.

Note_17_Impairment_of_Real_Est

Note 17 - Impairment of Real Estate Investments:	12 Months Ended
	Dec. 31, 2014
Disclosure Text Block Supplement [Abstract]
Asset Impairment Charges [Text Block]	17. 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 second quarter of 2014 and the third quarter of 2013, the Company recognized aggregate impairment charges of $200,000 and $2,100,000, respectively on real estate assets. 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.

Note_18_Equity

Note 18 - Equity	12 Months Ended
	Dec. 31, 2014
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	18. Equity
	There were no equity transactions during 2014 other than a dividend note of $0.46 per share issued on December 31, 2014 to stockholders of record on September 26, 2014. The dividend note of $682,033 was intended to prevent the imposition of federal corporate income tax on Gyrodyne’s undistributed 2013 REIT taxable income.
	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) enabled the Company to meet the forecasted minimum REIT taxable income distribution requirement for 2013.
	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			Total
	Balance – January 1, 2013		(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
	Other comprehensive income before reclassifications		(511,357	)		83,884			(427,473	)
	Amounts reclassified from accumulated other comprehensive income		(324,998	)		-			(324,998	)
	Net current period other comprehensive loss		(836,355	)		83,884			(752,471	)
	Balance – December 31, 2014	$	(652,393	)	$	18,711		$	(633,682	)
	On March 6, 2015, the Company filed a registration statement on Form S-1 with the SEC for a rights offering to Gyrodyne’s existing shareholders. The Company’s board of directors believes that the rights offering will facilitate the vote of two-thirds of the outstanding shares needed under New York law to approve the proposed merger. Given the small size of holdings of many Gyrodyne shareholders and the nature of various holders, the Company believes many holders may not have paid enough attention to the Merger to exercise their right to vote. The board believes, however, that shareholders who exercise their subscription rights in the rights offering are more likely to vote their shares on the Merger proposal.
	The Company is also conducting the rights offering because it provides the Company’s shareholders the opportunity to participate in an offering of its shares on a pro rata basis without diluting their ownership interest in the Company. The proceeds of the rights offering will provide Gyrodyne with needed liquidity as it pursues an orderly liquidation of the properties currently owned by GSD and managed by Gyrodyne.
	Gyrodyne plans to make the rights offering through the distribution of non-transferable subscription rights to purchase shares of Gyrodyne’s common stock at a subscription price to be determined and subject to certain aggregate ownership limitations. The proposed rights offering will also include an over-subscription privilege, which will entitle each rights holder that exercises its basic subscription privilege in full, the right to purchase additional shares of common stock that remain unsubscribed at the expiration of the rights offering, subject to the availability and pro rata allocation of shares among persons exercising this over-subscription right. Assuming it is fully subscribed, Gyrodyne currently expects to receive gross proceeds of approximately $5,560,000 from the rights offering. Gyrodyne intends to conduct the special meeting to authorize the Merger as soon as reasonably possible after the consummation of the rights offering.
	The registration statement filed with the SEC has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The rights will be issued to all shareholders as of a record date which has yet to be determined. The subscription price and number of rights needed in order to purchase one share of the Company’s stock also has yet to be determined. Gyrodyne will provide notice of the record date and subscription price in the future at such time as they are determined. This disclosure shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
	In addition, this report is not to be considered material to solicit proxies related to the special meeting or deemed an offer to sell the Gyrodyne, LLC equity interests (“Gyrodyne, LLC Shares”), which solicitation and offer will only be made through a definitive proxy statement/prospectus relating to the Merger and the issuance of the Gyrodyne, LLC Shares. Gyrodyne filed definitive proxy materials with the SEC on July 1, 2014 with respect to the Plan of Merger. If the Company’s board determines to try again to hold the special meeting to authorize the Plan of Merger, which is our current intention, Gyrodyne will solicit proxies through such definitive proxy statement or, if necessary, a post-effective amendment thereto.

Note_20_Supplementary_Informat

Note 20 - Supplementary Information - Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information [Text Block]	20. Supplementary Information - Quarterly Financial Data (Unaudited)
	Year Ended December 31, 2014	First			Second			Third			Fourth
	Rental Income	$	1,120,645		$	1,106,188		$	1,111,932		$	1,100,702
	Tenant reimbursements		179,390			111,132			101,620			117,079
	Total revenue		1,300,035			1,217,320			1,213,552			1,217,781
	Rental Property Expense		(711,602	)		(631,798	)		(647,657	)		(614,787	)
	Income from Rental Property		588,433			585,522			565,895			602,994
	Net (Loss) Income	$	(671,658	)	$	(1,150,268	)	$	(405,557	)	$	(877,883	)
	Net income (loss) attributable to Gyrodyne	$	12,072		$	(53,885	)	$	(19,809	)	$	209,175
	Net income (loss) Per Common Share attributed to Gyrodyne
	Basic and diluted	$	0.01		$	(0.04	)	$	(0.01	)	$	0.14
	Net Loss Per Common Share
	Basic and Diluted	$	(0.45	)	$	(0.78	)	$	(0.27	)	$	(0.55	)
	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
	Net (Loss) Income	$	(882,777	)	$	(444,737	)	$	48,707,990		$	(1,325,271	)
	Net income (loss) attributable to Gyrodyne		-			-			-			-
	Net income (loss) Per Common Share attributed to Gyrodyne
	Basic and diluted		-			-			-			-
	Net (Loss) Per Common Share
	Basic and Diluted	$	(0.60	)	$	(0.30	)	$	32.85		$	(0.89	)

Note_21_Condemnation

Note 21 - Condemnation	12 Months Ended
	Dec. 31, 2014
Disclosure Text Block Supplement [Abstract]
Legal Matters and Contingencies [Text Block]	21. 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 September 12, 2013. 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_22_Contingencies

Note 22 - Contingencies	12 Months Ended
	Dec. 31, 2014
Loss Contingency [Abstract]
Contingencies Disclosure [Text Block]	22. Contingencies
	Putative Class Action Lawsuit
	On July 3, 2014, a purported stockholder of Gyrodyne filed a putative class action lawsuit against Gyrodyne and members of its board of directors (the "Individual Defendants"), and against GSD and Gyrodyne, LLC (collectively, the "Defendants"), in the Supreme Court of the State of New York, County of Suffolk (the "Court"), captioned Cashstream Fund, on Behalf of Itself and All Others Similarly Situated v. Paul L. Lamb, et al., Index No. 065134/2014 (the "Action"). The plaintiff in the Action alleges that (i) the Individual Defendants breached their fiduciary duties or aided and abetted the breach of those duties in connection with the Merger and (ii) Gyrodyne and the Individual Defendants breached their fiduciary duties by failing to disclose material information in the Joint Proxy Statement/Prospectus. The plaintiff in the Action seeks, among other things, injunctive relief enjoining the Merger, and the other transactions relating to the Plan of Liquidation, requiring corrective disclosures in the Joint Proxy Statement/Prospectus, compensatory and/or rescissory damages, and interest, attorney’s fees, expert fees and other costs. On July 17, 2014, the Court signed an Order to Show Cause submitted by the plaintiff setting a return date of August 5, 2014 on plaintiff's motion for an order (a) preliminarily enjoining consummation of the Merger and (b) granting expedited discovery. The plaintiff subsequently withdrew its motion without prejudice and the Court scheduled a preliminary conference in the case for October 20, 2014, which has been adjourned until September 14, 2015. The Defendants believe the lawsuit is without merit.
	In addition, in early 2015, the Company became aware that various aspects of the plaintiff’s claims in the Action were interfering with the proposed sale of certain of the Company’s real properties. As stated above, the Defendants believe the lawsuit is without merit. The Company will vigorously defend such action and take steps to seek to eliminate the issues created by the pending action that are impeding the sale of such properties. The Company believes that the issues will be resolved in the Company’s favor and that it will be able to liquidate the properties proposed to be sold with no impact to fair value, assuming the market itself does not materially change during the period the Company needs to resolve such issues. As a result of this interference in the sale process, however, the Company believes that as of December 31, 2014, it no longer met the requirements for such assets and liabilities to qualify as assets and liabilities as held for sale and discontinued operations and therefore has reclassified them to operating assets and liabilities and continuing operations and is not reporting discontinued operations for the year ended December 31, 2014.
	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_23_Subsequent_Events

Note 23 - Subsequent Events	12 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
Subsequent Events [Text Block]	23. Subsequent Events
	Rights Offering – On March 6, 2015, the Company filed a registration statement on Form S-1 with the SEC for a rights offering to Gyrodyne’s existing shareholders (See note 18).

Accounting_Policies_by_Policy_

Accounting Policies, by Policy (Policies)	12 Months Ended
	Dec. 31, 2014
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 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 has mortgage obligations payable and a revolving line of credit with an outstanding balance payable to a wholly-owned subsidiary of the Company of $12,889,463 and $4,280,943, respectively, as of December 31, 2014. At December 31, 2014, the net book value of the assets and liabilities of GSD LLC is $15,805,548. 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, 2014 and 2013. 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 is one investment, The Grove, accounted for under the equity method in 2014 and 2013. Accumulated distributions and losses reduced the book basis of the investment to $0 and accordingly the company ceased recording losses for book purposes but had a deferred tax liability reflecting the losses recorded for tax purposes in excess of book. As a result, as of December 31, 2013, the Company had approximately $1,315,000 of deferred tax liabilities. During 2014, approximately $618,000 of deferred taxes are currently payable with the balance recognized as a tax benefit. Such tax benefit was partially offset by tax liabilities of the taxable REIT subsidiary related to its management services agreement with GSD.
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.
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 10.12% 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, 2014 and 2013 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, 2014 and 2013. In addition the TRS provides management services to GSD which is also subject to corporate federal and state income taxes.
	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 the Financial Accounting Standards Board (“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 2011, 2012, and 2013.
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).
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 that 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.
	A discontinued operation is 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 an acquired business or nonprofit activity that is classified as held for sale on the date of acquisition.  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.
	As of the years ended December 31, 2014 and 2013, there were no assets and liabilities held for sale and discontinued operations. However, this is due to a change in circumstances as the Company did report assets and liabilities held for sale and discontinued operations in the second and third quarter of 2014. See footnote #5
New Accounting Pronouncements, Policy [Policy Text Block]	New 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 including changing the Company’s financial reporting to a “Consolidated Statement of Net Assets” and a “Consolidated Statement of Changes in Net Assets.”
	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.
	Early adoption is permitted for disposals or assets held for sale that have not been reported in the financial statements previously issued or available for issuance. The Company has elected to early adopt this standard as of January 1, 2014.
	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.
	In February 2015, the FASB issued ASU No. 2015-02, “Consolidation (Topic 810) - Amendments to the Consolidation Analysis.” The amendments in this update provide guidance on evaluating whether a company should consolidate certain legal entities. In accordance with the guidance, all legal entities are subject to reevaluation under the revised consolidation model. The pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is allowed. The adoption of this pronouncement is not expected to have a material effect on Company’s consolidated financial position or results of operations.
Reclassification, Policy [Policy Text Block]	Reclassifications - Certain reclassifications have been made to the consolidated financial statements for the year ended December 31, 2013 to conform to the classifications used in the current year. Such reclassifications include the reclassification of condemnation expenses of $2,360 into general and administrative expenses.
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 second quarter of 2014 and the third quarter of 2013, the Company recognized aggregate impairment charges of $200,000 and $2,100,000, respectively, on real estate assets. 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, 2014
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_4_Consolidating_Financial1

Note 4 - Consolidating Financial Information (Tables)	12 Months Ended
	Dec. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Balance Sheet [Table Text Block]	ASSETS	Gyrodyne Company of America, Inc. and Subsidiaries			GSD, LLC			Total			Eliminations			Consolidated
	REAL ESTATE
	Rental property:
	Land	$	-		$	4,569,693		$	4,569,693		$	-		$	4,569,693
	Building and improvements		-			33,405,129			33,405,129			-			33,405,129
	Machinery and equipment		-			344,733			344,733			-			344,733
			-			38,319,555			38,319,555			-			38,319,555
	Less accumulated depreciation		-			8,204,417			8,204,417			-			8,204,417
			-			30,115,138			30,115,138			-			30,115,138
	Land held for development:
	Land		-			558,466			558,466			-			558,466
	Land development costs		-			1,961,345			1,961,345			-			1,961,345
			-			2,519,811			2,519,811			-			2,519,811
	Total real estate, net		-			32,634,949			32,634,949			-			32,634,949
	Cash and cash equivalents		4,028,337			-			4,028,337			-			4,028,337
	Investment in marketable securities		5,950,098			-			5,950,098			-			5,950,098
	Rent receivable, net of allowance for doubtful accounts of approximately $89,000		-			7,452			7,452			-			7,452
	Deferred rent receivable		-			334,914			334,914			-			334,914
	GSD Line of Credit		4,280,943			-			4,280,943			(4,280,943	)		-
	Prepaid expenses and other assets		134,650			785,964			920,614			-			920,614
	Mortgage receivable		12,889,463			-			12,889,463			(12,889,463	)		-
	Total Assets	$	27,283,491		$	33,763,279		$	61,046,770		$	(17,170,406	)	$	43,876,364
	LIABILITIES AND EQUITY
	LIABILITIES:
	Accounts payable	$	575,099		$	218,163		$	793,262		$	-		$	793,262
	Accrued liabilities		220,573			-			220,573			-			220,573
	Deferred rent liability		-			94,737			94,737			-			94,737
	Tenant security deposits payable		-			474,425			474,425			-			474,425
	GSD Line of Credit		-			4,280,943			4,280,943			(4,280,943	)		-
	Mortgage Payable		-			12,889,463			12,889,463			(12,889,463	)		-
	Income taxes payable		750,000			-			750,000			-			750,000
	Pension Costs		552,546			-			552,546			-			552,546
	Notes payable		17,533,210			-			17,533,210			-			17,533,210
	Total Liabilities		19,631,428			17,957,731			37,589,159			(17,170,406	)		20,418,753
	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		(633,682	)		-			(633,682	)		-			(633,682	)
	Deficit		(9,653,951	)		(3,260,920	)		(12,914,871	)		3,260,920			(9,653,951	)
			9,189,760			(3,260,920	)		5,928,840			3,260,920			9,189,760
	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		7,652,063			(3,260,920	)		4,391,143			3,260,920			7,652,063
	Non-controlling interest in GSD, LLC		-			19,066,468			19,066,468			(3,260,920	)		15,805,548
	Total equity		7,652,063			15,805,548			23,457,611			-			23,457,611
	Total Liabilities and Equity	$	27,283,491		$	33,763,279		$	61,046,770		$	(17,170,406	)	$	43,876,364
	ASSETS	Gyrodyne Company of America, Inc. and Subsidiaries			GSD, LLC			Total			Eliminations			Consolidated
	REAL ESTATE
	Rental property:
	Land	$	-		$	4,621,293		$	4,621,293		$	-		$	4,621,293
	Building and improvements		-			32,626,185			32,626,185			-			32,626,185
	Machinery and equipment		-			344,733			344,733			-			344,733
			-			37,592,211			37,592,211			-			37,592,211
	Less accumulated depreciation		-			7,234,846			7,234,846			-			7,234,846
			-			30,357,365			30,357,365			-			30,357,365
	Land held for development:
	Land		-			558,466			558,466			-			558,466
	Land development costs		-			1,823,847			1,823,847			-			1,823,847
			-			2,382,313			2,382,313			-			2,382,313
	Total real estate, net		-			32,739,678			32,739,678			-			32,739,678
	Cash and cash equivalents		13,048,827			-			13,048,827			-			13,048,827
	Investment in marketable securities		3,380,864			-			3,380,864			-			3,380,864
	Rent receivable, net of allowance for doubtful accounts of approximately $74,000		95,829			-			95,829			-			95,829
	Deferred rent receivable		-			215,709			215,709			-			215,709
GSD Line of Credit		262,741			-			262,741			(262,741	)		-
Prepaid expenses and other assets		117,331			774,743			892,074			-			892,074
Prepaid pension costs		608,807			-			608,807			-			608,807
Mortgage receivable		13,840,889			-			13,840,889			(13,840,889	)		-
Total Assets	$	31,355,288		$	33,730,130		$	65,085,418		$	(14,103,630	)	$	50,981,788
LIABILITIES AND EQUITY
LIABILITIES:
Accounts payable	$	1,710,257		$	-		$	1,710,257		$	-		$	1,710,257
Accrued liabilities		3,246,403			-			3,246,403			-			3,246,403
Deferred rent liability		-			93,922			93,922			-			93,922
Tenant security deposits payable		-			474,111			474,111			-			474,111
GSD Line of Credit		-			262,741			262,741			(262,741	)		-
Mortgage Payable		-			13,840,889			13,840,889			(13,840,889	)		-
Deferred income taxes		1,315,000			-			1,315,000			-			1,315,000
Notes payable		16,144,614			-			16,144,614			-			16,144,614
Total Liabilities		22,416,274			14,671,663			37,087,937			(14,103,630	)		22,984,307
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		118,789			-			118,789			-			118,789
Deficit		(9,119,471	)		(8,001	)		(9,127,472	)		8,001			(9,119,471	)
		10,476,711			(8,001	)		10,468,710			8,001			10,476,711
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		8,939,014			(8,001	)		8,931,013			8,001			8,939,014
Non-controlling interest in GSD, LLC		-			19,066,468			19,066,468			(8,001	)		19,058,467
Total equity		8,939,014			19,058,467			27,997,481			-			27,997,481
Total Liabilities and Equity	$	31,355,288		$	33,730,130		$	65,085,418		$	(14,103,630	)	$	50,981,788
Condensed Income Statement [Table Text Block]		Gyrodyne Company of America, Inc.			GSD, LLC			Total			Eliminations			Consolidated
	Revenues
	Rental income	$	-		$	4,439,467		$	4,439,467		$	-		$	4,439,467
	Rental income - tenant reimbursements		-			509,221			509,221			-			509,221
	Other income		6,518,350			-			6,518,350			(6,518,350	)		-
	Total		6,518,350			4,948,688			11,467,038			(6,518,350	)		4,948,688
	Expenses
	Reimbursable expenses		2,673,932			-			2,673,932			(2,673,932	)		-
	Rental expenses		-			2,702,536			2,702,536			(96,692	)		2,605,844
	General and administrative expenses		2,552,871			2,051,060			4,603,931			(2,051,060	)		2,552,871
	Strategic alternative expenses		1,836,476			1,696,666			3,533,142			(1,696,666	)		1,836,476
	Impairment charges		-			200,000			200,000			-			200,000
	Depreciation		-			969,571			969,571			-			969,571
	Insurance claim recoveries in excess of cost		-			(184,401	)		(184,401	)		-			(184,401	)
	Total		7,063,279			7,435,432			14,498,711			(6,518,350	)		7,980,361
	Other Income (Expense):
	Interest income		876,486			-			876,486			(766,175	)		110,311
	Interest expense		(749,004	)		(766,175	)		(1,515,179	)		766,175			(749,004	)
	Total		127,482			(766,175	)		(638,693	)		-			(638,693	)
	Net loss before benefit from income taxes		(417,447	)		(3,252,919	)		(3,670,366	)		-			(3,670,366	)
	Income tax benefit		(565,000	)		-			(565,000	)		-			(565,000	)
	Net Income (Loss)	$	147,553		$	(3,252,919	)	$	(3,105,366	)	$	-		$	(3,105,366	)

Note_6_Earnings_per_Share_Tabl

Note 6 - Earnings per Share (Tables)	12 Months Ended
	Dec. 31, 2014
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]		Years Ended December 31,
	BASIC	2014		2013
	Net income attributable to Gyrodyne	$	147,553	$	46,063,206
	Weighted average number of common shares outstanding		1,482,680		1,482,680
	Net Income per common share attributable to Gyrodyne (“EPS”)	$	0.1	$	31.07

Note_7_Investment_in_Marketabl1

Note 7 - Investment in Marketable Securities (Tables)	12 Months Ended
	Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	Mortgage-backed securities	2014		2013
	Amortized Cost	$	5,931,387	$	3,446,037
	Gross Unrealized Gains (Losses)		18,711		(65,173	)
	Fair Value*	$	5,950,098	$	3,380,864

Note_9_Accrued_Liabilities_Tab

Note 9 - Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2014
Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]
Schedule of Accrued Liabilities [Table Text Block]		December 31,
		2014		2013
	Payroll and related taxes	$	51,057	$	137,389
	Professional fees		117,633		112,228
	Directors fees under the ICP		-		2,850,199
	Other		51,883		146,587
	Total	$	220,573	$	3,246,403

Note_10_Income_Taxes_Tables

Note 10 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]		Years Ended December 31,
		2014			2013
	Current:
	Federal	$	641,640		$	95,558
	State		108,360			-
		$	750,000		$	95,558
	Deferred:
	Federal	$	(1,315,000	)	$	(53,505,000	)
	State		-			(8,144,000	)
			(1,315,000	)		(61,649,000	)
	Income tax benefit	$	(565,000	)	$	(61,553,442	)
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]		31-Dec-14			31-Dec-13
	Federal tax benefit at 34% statutory rate	$	(647,460	)	$	(53,505,000	)
	State income tax expense (benefit), net of federal benefit		82,460			(8,144,000	)
	Income tax benefit	$	(565,000	)	$	(61,649,000	)
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]		December 31,
		2014			2013
	Current Tax Liabilities:				$	-
	Flowerfield Properties, excluding recognized gain on the Grove	$	132,000			-
	Recognized tax gain on the Grove		618,000		$	-
	Total current tax payable	$	750,000
	Deferred Tax Liabilities:
	Unrealized gain on investment in Citrus Grove	$	-		$	1,315,000
	Net Deferred Income Taxes	$	-		$	1,315,000

Note_11_Retirement_Plans_Table

Note 11 - Retirement Plans (Tables)	12 Months Ended
	Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]		December 31,
		2014			2013
	Pension Benefits
	Reconciliation of Benefit Obligation:
	Obligation	$	3,959,927		$	4,625,576
	Service cost		-			261,033
	Interest cost		182,835			251,634
	Actuarial loss (gain)		409,450			(1,080,104	)
	Benefit payments		(89,275	)		(98,212	)
	Settlements- lump sums paid		(2,264,452	)		-
	Obligation	$	2,198,485		$	3,959,927
	Reconciliation at Fair Value of Plan Assets:
	Fair value of plan assets, beginning of year	$	4,568,734		$	4,132,920
	Actual return on plan assets		(569,068	)		534,026
	Actual Contributions		-			-
	Benefit payments		(89,275	)		(98,212	)
	Settlements		(2,264,452	)		-
	Fair Value of Plan Assets, end of year	$	1,645,939		$	4,568,734
	Funded Status:
	(Liability) asset	$	(552,546	)	$	608,807
	Unrecognized loss (gain)		652,393			(183,962	)
	Net Amount Recognized	$	99,847		$	424,845
Schedule of Net Benefit Costs [Table Text Block]		December 31,
		2014			2013
	Pension Benefits
	Service Cost	$	-		$	261,033
	Interest Cost		182,835			251,634
	Expected Return on Plan Assets		(361,243	)		(326,186	)
	Amortization of prior service cost		22,576			22,576
	Amortization of Actuarial Loss		-			143,532
	Recognized loss due to settlement		480,830			-
	Net Periodic Benefit Cost After Curtailments and Settlements	$	324,998		$	352,589
Schedule of Assumptions Used [Table Text Block]		December 31,
		2014			2013
	Pension Benefits
	Weighted-Average Assumptions
	Discount rate		4.68%			4.68%
	Expected return on plan assets		3.00%			8.00%
	Rate of compensation increase		3.00%			3.00%
Schedule of Allocation of Plan Assets [Table Text Block]		December 31,
		2014			2013
	Common Stock – Gyrodyne Company of America, Inc.		8.6	%		9.5	%
	Gyrodyne Special Distribution, LLC		23.9	%		15.6	%
	Gyrodyne Company of America – dividend notes		24.7	%		8.2	%
	Fixed Income Funds		23.9	%		17.5	%
	Other Funds		18.9	%		49.2	%
	Total		100	%		100	%
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	As of December 31, 2014	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)	$	140,733		$	-		$	140,733
	Gyrodyne Special Distribution LLC (34,325 units)		-			394,051			394,051
	Gyrodyne dividend notes		-			406,716			406,716
	Taxable Fixed Income Funds		393,619			-			393,619
	Corporate/Foreign Bonds		149,853			-			149,853
	US Government Agency		142,241			-			142,241
	Money Market Funds		17,267			-			17,267
	Accrued Income		1,459			-			1,459
	Total	$	845,172		$	800,767		$	1,645,939
Schedule of Expected Benefit Payments [Table Text Block]	Expected approximate future benefit payments are as follows:
	Years Ending December 31,	Amount
	2015	$	2,921,599
	Thereafter		-
		$	2,921,599

Note_12_Incentive_Compensation1

Note 12 - Incentive Compensation Plan (Tables)	12 Months Ended
	Dec. 31, 2014
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 Directors1	$	-	$	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
Schedule of Other Share-based Compensation, Activity [Table Text Block]	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_13_Credit_Quality_of_Rent1

Note 13 - Credit Quality of Rents Receivable (Tables)	12 Months Ended
	Dec. 31, 2014
Receivables [Abstract]
Summary of Valuation Allowance [Table Text Block]	Allowance for Doubtful Accounts	31-Dec-14			31-Dec-13
	Beginning balance	$	74,000		$	67,000
	Bad debt expense		51,000			36,000
	Accounts receivable written off		(36,000	)		(29,000	)
	Ending Balance	$	89,000		$	74,000

Note_15_Commitments_Tables

Note 15 - Commitments (Tables)	12 Months Ended
	Dec. 31, 2014
Disclosure Text Block Supplement [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Years Ending December 31,	Amount
	2015	$	3,864,000
	2016		3,088,000
	2017		2,320,000
	2018		2,096,000
	2019		1,590,000
	Thereafter		3,602,000
		$	16,560,000
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		76,000
	Total	$	*909,200

Note_16_Fair_Value_of_Financia1

Note 16 - Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping [Table Text Block]		31-Dec-14				31-Dec-13
	Description	Carrying Value		Fair Value		Carrying Value		Fair Value
				(Level 2)				(Level 2)
	Investment in Marketable Securities	$	5,950,098*	$	5,950,098*	$	3,380,864	$	3,380,864
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]		Balance		Fair Value Measurements Using
	Description	31-Dec-14		(Level 1)		(Level 2)		(Level 3)
	Impaired real estate assets	$	6,146,952	$	—	$	—	$	6,146,952
		Balance		Fair Value Measurements Using
	Description	31-Dec-13		(Level 1)		(Level 2)		(Level 3)
	Impaired real estate assets	$	6,508,394	$	—	$	—	$	6,508,394

Note_18_Equity_Tables

Note 18 - Equity (Tables)	12 Months Ended
	Dec. 31, 2014
Stockholders' Equity Note [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]		Pension Plan Adjustments			Unrealized Gains (Losses) on Investments			Total
	Balance – January 1, 2013		(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
	Other comprehensive income before reclassifications		(511,357	)		83,884			(427,473	)
	Amounts reclassified from accumulated other comprehensive income		(324,998	)		-			(324,998	)
	Net current period other comprehensive loss		(836,355	)		83,884			(752,471	)
	Balance – December 31, 2014	$	(652,393	)	$	18,711		$	(633,682	)

Note_20_Supplementary_Informat1

Note 20 - Supplementary Information - Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information [Table Text Block]	Year Ended December 31, 2014	First			Second			Third			Fourth
	Rental Income	$	1,120,645		$	1,106,188		$	1,111,932		$	1,100,702
	Tenant reimbursements		179,390			111,132			101,620			117,079
	Total revenue		1,300,035			1,217,320			1,213,552			1,217,781
	Rental Property Expense		(711,602	)		(631,798	)		(647,657	)		(614,787	)
	Income from Rental Property		588,433			585,522			565,895			602,994
	Net (Loss) Income	$	(671,658	)	$	(1,150,268	)	$	(405,557	)	$	(877,883	)
	Net income (loss) attributable to Gyrodyne	$	12,072		$	(53,885	)	$	(19,809	)	$	209,175
	Net income (loss) Per Common Share attributed to Gyrodyne
	Basic and diluted	$	0.01		$	(0.04	)	$	(0.01	)	$	0.14
	Net Loss Per Common Share
	Basic and Diluted	$	(0.45	)	$	(0.78	)	$	(0.27	)	$	(0.55	)
	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
	Net (Loss) Income	$	(882,777	)	$	(444,737	)	$	48,707,990		$	(1,325,271	)
	Net income (loss) attributable to Gyrodyne		-			-			-			-
	Net income (loss) Per Common Share attributed to Gyrodyne
	Basic and diluted		-			-			-			-
	Net (Loss) Per Common Share
	Basic and Diluted	$	(0.60	)	$	(0.30	)	$	32.85		$	(0.89	)

Note_1_The_Company_Details

Note 1 - The Company (Details)	12 Months Ended
	Dec. 31, 2014
Note 1 - The Company (Details) [Line Items]
Number of Operating Segments	1
Number of Mortgage Investments	3
Minimum Percentage of Taxable Income Distributed to Shareholders, Maintain REIT Status	90.00%
Medical office park [Member] | Controlled By Parent Company [Member]
Note 1 - The Company (Details) [Line Items]
Number of Real Estate Properties	2
Number of Units in Real Estate Property	10
Area of Real Estate Property	131,000
Medical office park [Member]
Note 1 - The Company (Details) [Line Items]
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
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 Property [Member]
Note 1 - The Company (Details) [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest	10.12%

Note_2_Summary_of_Significant_2

Note 2 - Summary of Significant Accounting Policies (Details) (USD $)	3 Months Ended		12 Months Ended
	Jun. 30, 2014	Sep. 30, 2013	Dec. 31, 2014	Dec. 31, 2013	Mar. 31, 2009	Jun. 30, 2006
						acre
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Minimum Ownership Percentage in Limited Partnerships, Equity Method			5.00%
Deferred Tax Liabilities, Net				($1,315,000)	$1,315,000
Deferred Tax Liabilities, Net, Current			618,000
Asset Impairment Charges	200,000	2,100,000	200,000	2,100,000
Area of Land (in Acres)						245.5
Minimum Percentage of Taxable Income Distributed to Shareholders, Maintain REIT Status			90.00%
General and Administrative Expense [Member] | Condemnation Expense [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Prior Period Reclassification Adjustment				2,360
GSD LLC [Member] | Mortgage Obligation [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities			12,889,463	4,280,943
GSD LLC [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net			15,805,548
Below Current Carrying Value [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Number of Real Estate Properties		1
The Grove Property [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Equity Method Investments				0
Deferred Tax Liabilities, Net				$1,315,000
Callery-Judge Grove, L.P. [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Equity Method Investment, Ownership Percentage			10.12%
Area of Land (in Acres)			3,700

Note_2_Summary_of_Significant_3

Note 2 - Summary of Significant Accounting Policies (Details) - Depreciation and Amortization	12 Months Ended
	Dec. 31, 2014
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_Management_Services_Arr1

Note 3 - Management Services Arrangements (Details) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014
Gyrodyne Special Distribution LLC [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Note 3 - Management Services Arrangements (Details) [Line Items]
Variable Interest Entity, Financial or Other Support, Amount (in Dollars)	$5.50	$3.50
Gyrodyne Special Distribution LLC [Member] | Maximum [Member]
Note 3 - Management Services Arrangements (Details) [Line Items]
Variable Interest Entity, Financial or Other Support, Amount (in Dollars)			$2.50
Gyrodyne Special Distribution LLC [Member] | General and Administrative Expenses [Member]
Note 3 - Management Services Arrangements (Details) [Line Items]
Variable Interest Entity Management Fee Mark Up	8.50%
Gyrodyne Special Distribution LLC [Member] | Rental Expense [Member]
Note 3 - Management Services Arrangements (Details) [Line Items]
Variable Interest Entity Reimbursement Percentage	8.50%
Gyrodyne Special Distribution LLC [Member] | Employee and Director Bonuses [Member]
Note 3 - Management Services Arrangements (Details) [Line Items]
Variable Interest Entity Reimbursement Percentage	100.00%
Gyrodyne Special Distribution LLC [Member]
Note 3 - Management Services Arrangements (Details) [Line Items]
Variable Interest Entity Funds Advanced Interest Rate	5.00%
Variable Interest Entity, Not Primary Beneficiary [Member] | General and Administrative Expenses [Member]
Note 3 - Management Services Arrangements (Details) [Line Items]
Variable Interest Entity Reimbursement Percentage	85.00%

Note_4_Consolidating_Financial2

Note 4 - Consolidating Financial Information (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Note 4 - Consolidating Financial Information (Details) [Line Items]
Deferred Rent Receivables, Net	$334,914	$215,709
Receivables, Net, Current	7,452	95,829
Prepaid Expense and Other Assets	920,614	892,074
Security Deposit Liability	474,425	474,111
Accounts Payable	793,262	1,710,257
Deferred Rent Credit	94,737	93,922
Variable Interest Entity, Primary Beneficiary [Member] | Mortgages [Member]
Note 4 - Consolidating Financial Information (Details) [Line Items]
Loans Payable	12,889,463	13,840,889
Variable Interest Entity, Primary Beneficiary [Member]
Note 4 - Consolidating Financial Information (Details) [Line Items]
Variable Interest Entity, Consolidated, Carrying Amount, Assets	33,763,279	33,730,130
Real Estate Investments, Net	32,634,949	32,739,678
Deferred Rent Receivables, Net	334,914	215,709
Receivables, Net, Current	7,452	0
Prepaid Expense and Other Assets	785,964	774,743
Security Deposit Liability	474,425	474,111
Accounts Payable	218,163	0
Deferred Rent Credit	94,737	93,922
Long-term Line of Credit	$4,280,943	$262,741

Note_4_Consolidating_Financial3

Note 4 - Consolidating Financial Information (Details) - Consolidated Balance Sheet (USD $)	Dec. 31, 2014		Dec. 31, 2013	Dec. 31, 2012
Rental property:
Land	$4,569,693		$4,621,293
Building and improvements	33,405,129		32,626,185
Machinery and equipment	344,733		344,733
Real Estate Gross Before Land Held For Development	38,319,555		37,592,211
Less accumulated depreciation	8,204,417		7,234,846
Real Estate Net Before Land Held For Development	30,115,138		30,357,365
Land held for development:
Land	558,466		558,466
Land development costs	1,961,345		1,823,847
Land Available For Development	2,519,811		2,382,313
Total real estate, net	32,634,949		32,739,678
Cash and cash equivalents	4,028,337		13,048,827	94,164,722
Investment in marketable securities	5,950,098	[1]	3,380,864
Rent receivable, net of allowance for doubtful accounts of approximately $89,000/$74,000	7,452		95,829
Deferred rent receivable	334,914		215,709
Prepaid expenses and other assets	920,614		892,074
Prepaid pension costs			608,807
Total Assets	43,876,364		50,981,788
LIABILITIES:
Accounts payable	793,262		1,710,257
Accrued liabilities	220,573		3,246,403
Deferred rent liability	94,737		93,922
Tenant security deposits payable	474,425		474,111
Income taxes payable	750,000			61,649,000
Pension Costs	552,546
Deferred income taxes			1,315,000
Notes payable	17,533,210		16,144,614
Total Liabilities	20,418,753		22,984,307
Total equity	23,457,611		27,997,481	64,768,002
Total Liabilities and Equity	43,876,364		50,981,788
EQUITY:
Common stock, $1/$1 par value; authorized 4,000,000 shares; 1,723,888 shares issued; 1,482,680 shares outstanding	1,723,888		1,723,888
Additional paid-in capital	17,753,505		17,753,505
Accumulated other comprehensive income	-633,682		118,789
Deficit	-9,653,951		-9,119,471
Stockholders Equity Before Treasury Stock	9,189,760		10,476,711
Less cost of shares of common stock held in treasury; 241,208	-1,537,697		-1,537,697
Total Gyrodyne Stockholdersb Equity	7,652,063		8,939,014
Non-controlling interest in GSD, LLC	15,805,548		19,058,467
Consolidation, Eliminations [Member]
Land held for development:
GSD Line of Credit	-4,280,943		-262,741
Mortgage receivable	-12,889,463		-13,840,889
Total Assets	-17,170,406		-14,103,630
LIABILITIES:
GSD Line of Credit	-4,280,943		-262,741
Mortgage Payable	-12,889,463		-13,840,889
Total Liabilities	-17,170,406		-14,103,630
Total Liabilities and Equity	-17,170,406		-14,103,630
EQUITY:
Deficit	3,260,920		8,001
Stockholders Equity Before Treasury Stock	3,260,920		8,001
Total Gyrodyne Stockholdersb Equity	3,260,920		8,001
Non-controlling interest in GSD, LLC	-3,260,920		-8,001
Parent Company [Member]
Land held for development:
Cash and cash equivalents	4,028,337		13,048,827
Investment in marketable securities	5,950,098		3,380,864
Rent receivable, net of allowance for doubtful accounts of approximately $89,000/$74,000			95,829
GSD Line of Credit	4,280,943		262,741
Prepaid expenses and other assets	134,650		117,331
Prepaid pension costs			608,807
Mortgage receivable	12,889,463		13,840,889
Total Assets	27,283,491		31,355,288
LIABILITIES:
Accounts payable	575,099		1,710,257
Accrued liabilities	220,573		3,246,403
Income taxes payable	750,000
Pension Costs	552,546
Deferred income taxes			1,315,000
Notes payable	17,533,210		16,144,614
Total Liabilities	19,631,428		22,416,274
Total equity	7,652,063		8,939,014
Total Liabilities and Equity	27,283,491		31,355,288
EQUITY:
Common stock, $1/$1 par value; authorized 4,000,000 shares; 1,723,888 shares issued; 1,482,680 shares outstanding	1,723,888		1,723,888
Additional paid-in capital	17,753,505		17,753,505
Accumulated other comprehensive income	-633,682		118,789
Deficit	-9,653,951		-9,119,471
Stockholders Equity Before Treasury Stock	9,189,760		10,476,711
Less cost of shares of common stock held in treasury; 241,208	-1,537,697		-1,537,697
Total Gyrodyne Stockholdersb Equity	7,652,063		8,939,014
GSD LLC [Member]
Rental property:
Land	4,569,693		4,621,293
Building and improvements	33,405,129		32,626,185
Machinery and equipment	344,733		344,733
Real Estate Gross Before Land Held For Development	38,319,555		37,592,211
Less accumulated depreciation	8,204,417		7,234,846
Real Estate Net Before Land Held For Development	30,115,138		30,357,365
Land held for development:
Land	558,466		558,466
Land development costs	1,961,345		1,823,847
Land Available For Development	2,519,811		2,382,313
Total real estate, net	32,634,949		32,739,678
Rent receivable, net of allowance for doubtful accounts of approximately $89,000/$74,000	7,452
Deferred rent receivable	334,914		215,709
Prepaid expenses and other assets	785,964		774,743
Total Assets	33,763,279		33,730,130
LIABILITIES:
Accounts payable	218,163
Deferred rent liability	94,737		93,922
Tenant security deposits payable	474,425		474,111
GSD Line of Credit	4,280,943		262,741
Mortgage Payable	12,889,463		13,840,889
Total Liabilities	17,957,731		14,671,663
Total equity	15,805,548		19,058,467
Total Liabilities and Equity	33,763,279		33,730,130
EQUITY:
Deficit	-3,260,920		-8,001
Stockholders Equity Before Treasury Stock	-3,260,920		-8,001
Total Gyrodyne Stockholdersb Equity	-3,260,920		-8,001
Non-controlling interest in GSD, LLC	19,066,468		19,066,468
Consolidated Entities [Member]
Rental property:
Land	4,569,693		4,621,293
Building and improvements	33,405,129		32,626,185
Machinery and equipment	344,733		344,733
Real Estate Gross Before Land Held For Development	38,319,555		37,592,211
Less accumulated depreciation	8,204,417		7,234,846
Real Estate Net Before Land Held For Development	30,115,138		30,357,365
Land held for development:
Land	558,466		558,466
Land development costs	1,961,345		1,823,847
Land Available For Development	2,519,811		2,382,313
Total real estate, net	32,634,949		32,739,678
Cash and cash equivalents	4,028,337		13,048,827
Investment in marketable securities	5,950,098		3,380,864
Rent receivable, net of allowance for doubtful accounts of approximately $89,000/$74,000	7,452		95,829
Deferred rent receivable	334,914		215,709
GSD Line of Credit	4,280,943		262,741
Prepaid expenses and other assets	920,614		892,074
Prepaid pension costs			608,807
Mortgage receivable	12,889,463		13,840,889
Total Assets	61,046,770		65,085,418
LIABILITIES:
Accounts payable	793,262		1,710,257
Accrued liabilities	220,573		3,246,403
Deferred rent liability	94,737		93,922
Tenant security deposits payable	474,425		474,111
GSD Line of Credit	4,280,943		262,741
Mortgage Payable	12,889,463		13,840,889
Income taxes payable	750,000
Pension Costs	552,546
Deferred income taxes			1,315,000
Notes payable	17,533,210		16,144,614
Total Liabilities	37,589,159		37,087,937
Total equity	23,457,611		27,997,481
Total Liabilities and Equity	61,046,770		65,085,418
EQUITY:
Common stock, $1/$1 par value; authorized 4,000,000 shares; 1,723,888 shares issued; 1,482,680 shares outstanding	1,723,888		1,723,888
Additional paid-in capital	17,753,505		17,753,505
Accumulated other comprehensive income	-633,682		118,789
Deficit	-12,914,871		-9,127,472
Stockholders Equity Before Treasury Stock	5,928,840		10,468,710
Less cost of shares of common stock held in treasury; 241,208	-1,537,697		-1,537,697
Total Gyrodyne Stockholdersb Equity	4,391,143		8,931,013
Non-controlling interest in GSD, LLC	$19,066,468		$19,066,468
[1]	During 2014, the Company received $653,593 in principal repayments.

Note_4_Consolidating_Financial4

Note 4 - Consolidating Financial Information (Details) - Consolidated Balance Sheet (Parentheticals) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Condensed Balance Sheet Statements, Captions [Line Items]
Allowance for doubtful accounts (in Dollars)	$89,000	$74,000	$67,000
Common stock, par value (in Dollars per share)	$1	$1
Common stock, authorized	4,000,000	4,000,000
Common stock, shares issued	1,723,888	1,723,888
Common stock, shares outstanding	1,482,680	1,482,680
Common stock held in treasury	241,208	241,208

Note_4_Consolidating_Financial5

Note 4 - Consolidating Financial Information (Details) - Consolidated Statement of Operations (USD $)	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Revenues
Rental income	$1,100,702	$1,111,932	$1,106,188	$1,120,645	$1,126,637	$1,156,360	$1,104,502	$1,099,584	$4,439,467	$4,487,083
Rental income - tenant reimbursements	117,079	101,620	111,132	179,390	113,400	124,090	115,756	189,640	509,221	542,886
Total	1,217,781	1,213,552	1,217,320	1,300,035	1,240,037	1,280,450	1,220,258	1,289,224	4,948,688	5,029,969
Expenses
Rental expenses	-614,787	-647,657	-631,798	-711,602	-637,205	-606,722	-607,933	-662,670	2,605,844	2,514,530
General and administrative expenses									2,552,871	11,554,034
Strategic alternative expenses									1,836,476	3,637,123
Impairment charges			200,000			2,100,000			200,000	2,100,000
Depreciation									969,571	953,725
Insurance claim recoveries in excess of cost									-184,401
Total									7,980,361	20,759,412
Other Income (Expense):
Interest income									110,311	236,954
Interest expense									-749,004	-5,748
Total									-638,693	231,206
Net loss before benefit from income taxes									-3,670,366	-15,498,237
Income tax benefit									-565,000	-61,553,442
Net Income (Loss)	-877,883	-405,557	-1,150,268	-671,658	-1,325,271	48,707,990	-444,737	-882,777	-3,105,366	46,055,205
Consolidation, Eliminations [Member]
Revenues
Other income									-6,518,350
Total									-6,518,350
Expenses
Reimbursable expenses									-2,673,932
Rental expenses									-96,692
General and administrative expenses									-2,051,060
Strategic alternative expenses									-1,696,666
Total									-6,518,350
Other Income (Expense):
Interest income									-766,175
Interest expense									766,175
Parent Company [Member]
Revenues
Other income									6,518,350
Total									6,518,350
Expenses
Reimbursable expenses									2,673,932
General and administrative expenses									2,552,871
Strategic alternative expenses									1,836,476
Total									7,063,279
Other Income (Expense):
Interest income									876,486
Interest expense									-749,004
Total									127,482
Net loss before benefit from income taxes									-417,447
Income tax benefit									-565,000
Net Income (Loss)									147,553
GSD LLC [Member]
Revenues
Rental income									4,439,467
Rental income - tenant reimbursements									509,221
Total									4,948,688
Expenses
Rental expenses									2,702,536
General and administrative expenses									2,051,060
Strategic alternative expenses									1,696,666
Impairment charges									200,000
Depreciation									969,571
Insurance claim recoveries in excess of cost									-184,401
Total									7,435,432
Other Income (Expense):
Interest expense									-766,175
Total									-766,175
Net loss before benefit from income taxes									-3,252,919
Net Income (Loss)									-3,252,919
Consolidated Entities [Member]
Revenues
Rental income									4,439,467
Rental income - tenant reimbursements									509,221
Other income									6,518,350
Total									11,467,038
Expenses
Reimbursable expenses									2,673,932
Rental expenses									2,702,536
General and administrative expenses									4,603,931
Strategic alternative expenses									3,533,142
Impairment charges									200,000
Depreciation									969,571
Insurance claim recoveries in excess of cost									-184,401
Total									14,498,711
Other Income (Expense):
Interest income									876,486
Interest expense									-1,515,179
Total									-638,693
Net loss before benefit from income taxes									-3,670,366
Income tax benefit									-565,000
Net Income (Loss)									($3,105,366)

Note_6_Earnings_per_Share_Deta

Note 6 - Earnings per Share (Details)	Dec. 31, 2014	Dec. 31, 2013
Earnings Per Share [Abstract]
Common Stock Equivalents Outstanding	0	0

Note_6_Earnings_per_Share_Deta1

Note 6 - Earnings per Share (Details) - Summary of Net Income (Loss) Earnings Per Share (USD $)	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Summary of Net Income (Loss) Earnings Per Share [Abstract]
Net income attributable to Gyrodyne	$209,175	($19,809)	($53,885)	$12,072					$147,553	$46,063,206
Weighted average number of common shares outstanding									1,482,680	1,482,680
Net Income per common share attributable to Gyrodyne (bEPSb)	($0.55)	($0.27)	($0.78)	($0.45)	($0.89)	$32.85	($0.30)	($0.60)	$0.10	$31.07

Note_7_Investment_in_Marketabl2

Note 7 - Investment in Marketable Securities (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Investments, Debt and Equity Securities [Abstract]
Proceeds from Principal Repayments on Loans and Leases Held-for-investment (in Dollars)	$653,593	$996,148
Marketable Securities Estimated Yield	2.00%
Marketable Securities, Contractual Maturities	30 years	30 years
Marketable Securities Adjusted Duration	4 years	4 years

Note_7_Investment_in_Marketabl3

Note 7 - Investment in Marketable Securities (Details) - Historical Cost and Estimated Fair Value of Available for Sale Securities (USD $)	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013
Historical Cost and Estimated Fair Value of Available for Sale Securities [Abstract]
Amortized Cost	$5,931,387		$3,446,037
Gross Unrealized Gains (Losses)	18,711		-65,173
Fair Value*	$5,950,098	[1]	$3,380,864	[1]
[1]	The Company received $653,593 and $996,148 in principal repayments during the years ended December 31, 2014 and 2013, respectively.

Note_8_Investment_in_Grove_Par1

Note 8 - Investment in Grove Partnership (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Mar. 31, 2009	Jun. 30, 2006	Sep. 19, 2013	Mar. 18, 2011	Mar. 10, 2011	Dec. 31, 2010
				acre			acre
Note 8 - Investment in Grove Partnership (Details) [Line Items]
Area of Land (in Acres)				245.5
Deferred Tax Liabilities, Net		($1,315,000)	$1,315,000
Taxes Payable, Current	750,000
The Grove, Florida [Member]
Note 8 - Investment in Grove Partnership (Details) [Line Items]
Equity Method Investment, Ownership Percentage	10.12%	9.32%					20.00%	9.99%
Area of Land (in Acres)							3,700
Loans Payable						37,000,000
Interest Payable						8,000,000
Equity Method Investments	0	0
Deferred Tax Liabilities, Net					1,315,000
Taxes Payable, Current	618,000
Unrecognized Tax Benefits	$697,000

Note_9_Accrued_Liabilities_Det

Note 9 - Accrued Liabilities (Details) - Summary of Accrued Liabilities (USD $)	Dec. 31, 2014	Dec. 31, 2013
Summary of Accrued Liabilities [Abstract]
Payroll and related taxes	$51,057	$137,389
Professional fees	117,633	112,228
Directors fees under the ICP		2,850,199
Other	51,883	146,587
Total	$220,573	$3,246,403

Note_10_Income_Taxes_Details

Note 10 - Income Taxes (Details) (USD $)	0 Months Ended	12 Months Ended
	Sep. 13, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Mar. 31, 2009
Note 10 - Income Taxes (Details) [Line Items]
Effective Income Tax Rate Reconciliation, Percent		38.00%	0.00%
Federal Net Built-In-Gains Tax				$34,057,000
Accrued Income Taxes		750,000		61,649,000
Excise Tax Percentage			4.00%	4.00%
Dividends	98,685,000	682,033	67,995,704
Dividends Payable, Amount Per Share (in Dollars per share)	$66.56		$10.89
Dividends, Cash	68,000,000	682,033	68,000,000
Deferred Income Tax Expense (Benefit)		-1,315,000	-61,649,000
Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax			95,558
Deferred Tax Liabilities, Net			-1,315,000		1,315,000
Deferred Tax Liabilities, Net, Current		618,000
Cash Dividends [Member]
Note 10 - Income Taxes (Details) [Line Items]
Dividends Payable, Amount Per Share (in Dollars per share)	$45.86
Flowerfield Properties, Inc. [Member]
Note 10 - Income Taxes (Details) [Line Items]
Deferred Tax Liabilities, Net		132,000
Income (Loss) from Subsidiaries, before Tax		$321,000

Note_10_Income_Taxes_Details_T

Note 10 - Income Taxes (Details) - Tax Provision for Income Taxes (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Current:
Federal	$641,640	$95,558
State	108,360
	750,000	95,558
Deferred:
Federal	-1,315,000	-53,505,000
State		-8,144,000
	-1,315,000	-61,649,000
Income tax benefit	($565,000)	($61,553,442)

Note_10_Income_Taxes_Details_R

Note 10 - Income Taxes (Details) - Reconciliation of the Federal Statutory Rate to the Company's Effective Tax Rate (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Reconciliation of the Federal Statutory Rate to the Company's Effective Tax Rate [Abstract]
Federal tax benefit at 34% statutory rate	($647,460)	($53,505,000)
State income tax expense (benefit), net of federal benefit	82,460	-8,144,000
Income tax benefit	($565,000)	($61,553,442)

Note_10_Income_Taxes_Details_D

Note 10 - Income Taxes (Details) - Deferred Tax Liabilites (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2014	Mar. 31, 2009
Note 10 - Income Taxes (Details) - Deferred Tax Liabilites [Line Items]
Total current tax payable		$750,000
Unrealized gain on investment in Citrus Grove	1,315,000
Net Deferred Income Taxes	1,315,000		-1,315,000
Flowerfield Properties, Inc. [Member]
Note 10 - Income Taxes (Details) - Deferred Tax Liabilites [Line Items]
Gain on Recognized Condemnation		132,000
The Grove Property [Member]
Note 10 - Income Taxes (Details) - Deferred Tax Liabilites [Line Items]
Gain on Recognized Condemnation		618,000
Net Deferred Income Taxes	($1,315,000)

Note_11_Retirement_Plans_Detai

Note 11 - Retirement Plans (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]
Defined Benefit Plan, Benefits Paid	$251,620
Defined Benefit Plan, Settlements, Benefit Obligation	2,012,832
Pension and Other Postretirement Benefit Expense	324,998	352,589
Defined Contribution Plan, Number of Employees Covered	5
Defined Benefit Plan Obligation, Underfunded	2,900,000
Defined Benefit Plan, Actuarial Gain (Loss)	-836,355	1,454,052
Accumulated Unrecognized Actuarial Pension (Gain) Loss Not Yet Recognized in Net Periodic Pension Benefit Cost	652,393	-183,962
Defined Benefit Plan, Accumulated Benefit Obligation	$2,198,485	$3,959,927

Note_11_Retirement_Plans_Detai1

Note 11 - Retirement Plans (Details) - Reconciliation of the Changes in the Plan's Benefit Obligations and Fair Value of Assets (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Pension Benefits
Service cost		$261,033
Interest cost	182,835	251,634
Actuarial loss (gain)	-836,355	1,454,052
Fair value of plan assets, beginning of year	4,568,734
Benefit Payments	-251,620
Settlements	-2,012,832
Obligation	2,198,485	3,959,927
Fair Value of Plan Assets, end of year	1,645,939	4,568,734
Funded Status:
Net Amount Recognized	99,847	424,845
Reconciliation of Benefit Obligation [Member]
Pension Benefits
Obligation	3,959,927	4,625,576
Service cost		261,033
Interest cost	182,835	251,634
Actuarial loss (gain)	409,450	-1,080,104
Benefit Payments	-89,275	-98,212
Settlements	-2,264,452
Asset (Liability) [Member]
Funded Status:
Funded Status	-552,546	608,807
Unrecognized (Gain) Loss [Member]
Funded Status:
Funded Status	652,393	-183,962
Estimate of Fair Value Measurement [Member]
Pension Benefits
Fair value of plan assets, beginning of year	4,568,734	4,132,920
Actual return on plan assets	-569,068	534,026
Benefit Payments	-89,275	-98,212
Settlements	-2,264,452
Fair Value of Plan Assets, end of year		$4,568,734

Note_11_Retirement_Plans_Detai2

Note 11 - Retirement Plans (Details) - Components of Net Periodic Benefit Cost (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Components of Net Periodic Benefit Cost [Abstract]
Service Cost		$261,033
Interest Cost	182,835	251,634
Expected Return on Plan Assets	-361,243	-326,186
Amortization of prior service cost	22,576	22,576
Amortization of Actuarial Loss		143,532
Recognized loss due to settlement	480,830
Net Periodic Benefit Cost After Curtailments and Settlements	$324,998	$352,589

Note_11_Retirement_Plans_Detai3

Note 11 - Retirement Plans (Details) - Weighted Average Assumptions Used	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Weighted-Average Assumptions
Discount rate	4.68%	4.68%
Expected return on plan assets	3.00%	8.00%
Rate of compensation increase	3.00%	3.00%

Note_11_Retirement_Plans_Detai4

Note 11 - Retirement Plans (Details) - Asset Allocations	Dec. 31, 2014	Dec. 31, 2013
Note 11 - Retirement Plans (Details) - Asset Allocations [Line Items]
Actual Asset Allocation	100.00%	100.00%
Common Stock [Member]
Note 11 - Retirement Plans (Details) - Asset Allocations [Line Items]
Actual Asset Allocation	8.60%	9.50%
Special Distributions [Member]
Note 11 - Retirement Plans (Details) - Asset Allocations [Line Items]
Actual Asset Allocation	23.90%	15.60%
Dividend Notes [Member]
Note 11 - Retirement Plans (Details) - Asset Allocations [Line Items]
Actual Asset Allocation	24.70%	8.20%
Fixed Income Funds [Member]
Note 11 - Retirement Plans (Details) - Asset Allocations [Line Items]
Actual Asset Allocation	23.90%	17.50%
Other Funds [Member]
Note 11 - Retirement Plans (Details) - Asset Allocations [Line Items]
Actual Asset Allocation	18.90%	49.20%

Note_11_Retirement_Plans_Detai5

Note 11 - Retirement Plans (Details) - Fair Value of Investments (USD $)	Dec. 31, 2014		Dec. 31, 2013
Note 11 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities	$5,950,098	[1]	$3,380,864
Common Stock [Member] | Fair Value, Inputs, Level 1 [Member]
Note 11 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities	140,733
Common Stock [Member] | Estimate of Fair Value Measurement [Member]
Note 11 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities	140,733
Special Distributions [Member] | Fair Value, Inputs, Level 3 [Member]
Note 11 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities	394,051
Special Distributions [Member] | Estimate of Fair Value Measurement [Member]
Note 11 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities	394,051
Dividend Notes [Member] | Fair Value, Inputs, Level 3 [Member]
Note 11 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities	406,716
Dividend Notes [Member] | Estimate of Fair Value Measurement [Member]
Note 11 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities	406,716
Fixed Income Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Note 11 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities	393,619
Fixed Income Funds [Member] | Estimate of Fair Value Measurement [Member]
Note 11 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities	393,619
Corporate/Foreign Bonds [Member] | Fair Value, Inputs, Level 1 [Member]
Note 11 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities	149,853
Corporate/Foreign Bonds [Member] | Estimate of Fair Value Measurement [Member]
Note 11 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities	149,853
US Government Corporations and Agencies Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Note 11 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities	142,241
US Government Corporations and Agencies Securities [Member] | Estimate of Fair Value Measurement [Member]
Note 11 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities	142,241
Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Note 11 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities	17,267
Money Market Funds [Member] | Estimate of Fair Value Measurement [Member]
Note 11 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities	17,267
Accrued Income [Member] | Fair Value, Inputs, Level 1 [Member]
Note 11 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities	1,459
Accrued Income [Member] | Estimate of Fair Value Measurement [Member]
Note 11 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities	1,459
Fair Value, Inputs, Level 1 [Member]
Note 11 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities	845,172
Fair Value, Inputs, Level 3 [Member]
Note 11 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities	800,767
Estimate of Fair Value Measurement [Member]
Note 11 - Retirement Plans (Details) - Fair Value of Investments [Line Items]
Marketable Securities	$1,645,939
[1]	During 2014, the Company received $653,593 in principal repayments.

Note_11_Retirement_Plans_Detai6

Note 11 - Retirement Plans (Details) - Expected Approximate Future Benefit Payments (USD $)	Dec. 31, 2014
Expected Approximate Future Benefit Payments [Abstract]
2015	$2,921,599
	$2,921,599

Note_12_Incentive_Compensation2

Note 12 - Incentive Compensation Plan (Details) (USD $)	0 Months Ended	12 Months Ended
	Sep. 13, 2013	Dec. 31, 2014	Dec. 31, 2013
Note 12 - Incentive Compensation Plan (Details) [Line Items]
Common Stock, Value, Issued		$1,723,888	$1,723,888
Common Stock, Shares, Outstanding (in Shares)		1,482,680	1,482,680
Dividends	98,685,000	682,033	67,995,704
Dividends, Cash	68,000,000	682,033	68,000,000
Common Stock, Dividends, Per Share, Cash Paid (in Dollars per share)		$0.46	$66.56
Noninterest Expense Directors Fees		2,850,199
Allocated Share-based Compensation Expense		2,194,401
Special Distributions [Member] | Required Cash Payment [Member]
Note 12 - Incentive Compensation Plan (Details) [Line Items]
Dividends, Cash	5,044,600
Special Distributions [Member] | Incentive Compensation Plan [Member]
Note 12 - 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 12 - Incentive Compensation Plan (Details) [Line Items]
Weighted Percentage of Elligibility			0.50%
Maximum [Member] | Incentive Compensation Plan [Member]
Note 12 - Incentive Compensation Plan (Details) [Line Items]
Weighted Percentage of Elligibility		18.50%
Former Director [Member] | Incentive Compensation Plan [Member]
Note 12 - Incentive Compensation Plan (Details) [Line Items]
Noninterest Expense Directors Fees	378,345
Employees Not Folowing Restructuring [Member] | Incentive Compensation Plan [Member]
Note 12 - Incentive Compensation Plan (Details) [Line Items]
Allocated Share-based Compensation Expense	378,345
Incentive Compensation Plan [Member]
Note 12 - 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
Minimum Percentage of Disposition of Total Assets Necessary for Benefits		15.00%
Dividends	98,685,000
Common Stock, Dividends, Per Share, Declared (in Dollars per share)	$66.56
Noninterest Expense Directors Fees	2,850,199
Allocated Share-based Compensation Expense	580,129
Remaining Liability Under Incentive Plan, Aggregative Maximum		$233,200

Note_12_Incentive_Compensation3

Note 12 - Incentive Compensation Plan (Details) - Summary of Allocation to Plan Participants (USD $)	12 Months Ended
	Dec. 31, 2014
Note 12 - Incentive Compensation Plan (Details) - Summary of Allocation to Plan Participants [Line Items]
Board of Directors1	$2,850,199
Board of Directors1	2,850,199
Plan Participants Compensation	2,194,401
Plan Participants Total	2,194,401
Total	2,194,401
Total	2,850,199
Total	5,044,600
Director [Member]
Note 12 - Incentive Compensation Plan (Details) - Summary of Allocation to Plan Participants [Line Items]
Board of Directors1	2,850,199	[1]
Board of Directors1	2,850,199	[1]
Total	2,850,199	[1]
Chief Operating Officer [Member]
Note 12 - Incentive Compensation Plan (Details) - Summary of Allocation to Plan Participants [Line Items]
Plan Participants Compensation	681,021
Plan Participants Total	681,021
Total	681,021
Chief Executive Officer [Member]
Note 12 - Incentive Compensation Plan (Details) - Summary of Allocation to Plan Participants [Line Items]
Plan Participants Compensation	933,251
Plan Participants Total	933,251
Total	933,251
Other Employees [Member]
Note 12 - Incentive Compensation Plan (Details) - Summary of Allocation to Plan Participants [Line Items]
Plan Participants Compensation	580,129	[2]
Plan Participants Total	580,129	[2]
Total	$580,129	[2]
[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.

Note_12_Incentive_Compensation4

Note 12 - Incentive Compensation Plan (Details) - Vested Maximum Benefit Payable to Ex-Employees (USD $)	Dec. 31, 2014
Note 12 - Incentive Compensation Plan (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Benefit Payble Number of Shares under Plan (in Shares)	36,850
Benefit Payble Maximum Benefit	$473,513
Non-Cash Dividends [Member] | Former Chief Executive Officer [Member]
Note 12 - Incentive Compensation Plan (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Benefit Payble Maximum Benefit	43,142
Non-Cash Dividends [Member] | Other Employees [Member]
Note 12 - 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 12 - Incentive Compensation Plan (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Benefit Payble Maximum Benefit	17,490
Non-Cash Dividends [Member]
Note 12 - Incentive Compensation Plan (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Benefit Payble Maximum Benefit	78,122
Former Chief Executive Officer [Member]
Note 12 - Incentive Compensation Plan (Details) - Vested Maximum Benefit Payable to Ex-Employees [Line Items]
Benefit Payble Number of Shares under Plan (in Shares)	20,350
Benefit Payble Maximum Benefit	259,870
Other Employees [Member]
Note 12 - 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 12 - 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	$105,728

Note_13_Credit_Quality_of_Rent2

Note 13 - Credit Quality of Rents Receivable (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Receivables [Abstract]
Provision for Doubtful Accounts	$51,000	$36,000

Note_13_Credit_Quality_of_Rent3

Note 13 - Credit Quality of Rents Receivable (Details) - Allowance For Doubtful Accounts (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Allowance For Doubtful Accounts [Abstract]
Beginning balance	$74,000	$67,000
Bad debt expense	51,000	36,000
Accounts receivable written off	-36,000	-29,000
Ending Balance	$89,000	$74,000

Note_14_Concentration_of_Credi1

Note 14 - Concentration of Credit Risk (Details)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Note 14 - Concentration of Credit Risk (Details) [Line Items]
Number of Major Customers	3	3
Customer 1 [Member]
Note 14 - Concentration of Credit Risk (Details) [Line Items]
Concentration Risk, Percentage	8.00%	11.00%
Customer 2 [Member]
Note 14 - Concentration of Credit Risk (Details) [Line Items]
Concentration Risk, Percentage	5.00%	5.00%
Customer 3 [Member]
Note 14 - Concentration of Credit Risk (Details) [Line Items]
Concentration Risk, Percentage	5.00%	5.00%

Note_15_Commitments_Details

Note 15 - Commitments (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Note 15 - Commitments (Details) [Line Items]
Supplemental Unemployment Benefits, Severance Benefits (in Dollars)	$676,000
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%
AdditionalBonusPoolFundingAdditional Percentage Of Gross Sales Price On Property Appreciation	2.00%
CEO and President Each [Member]
Note 15 - Commitments (Details) [Line Items]
Other Commitment (in Dollars)		125,000
Other Employees [Member]
Note 15 - Commitments (Details) [Line Items]
Supplemental Unemployment Benefits, Severance Benefits (in Dollars)	$76,000
Board of Directors Chairman [Member]
Note 15 - Commitments (Details) [Line Items]
Bonus Pool Distribution Proportions	15.00%
Directors Other Than Chairman [Member]
Note 15 - Commitments (Details) [Line Items]
Bonus Pool Distribution Proportions	50.00%
Other 5 Directors [Member]
Note 15 - Commitments (Details) [Line Items]
Bonus Pool Distribution Proportions	10.00%
Executives And Employees [Member]
Note 15 - Commitments (Details) [Line Items]
Bonus Pool Distribution Proportions	35.00%

Note_15_Commitments_Details_Le

Note 15 - Commitments (Details) - Lease Revenue Commitments (USD $)	Dec. 31, 2014
Lease Revenue Commitments [Abstract]
2015	$3,864,000
2016	3,088,000
2017	2,320,000
2018	2,096,000
2019	1,590,000
Thereafter	3,602,000
	$16,560,000

Note_15_Commitments_Details_Ot

Note 15 - Commitments (Details) - Other Commitments and Contingencies (USD $)	Dec. 31, 2014
Incentive Compensation Plan [Member]
Other Commitments [Line Items]
Contracts and Commitments	$233,200
Employment Agreement With Severance Contingencies [Member]
Other Commitments [Line Items]
Contracts and Commitments	600,000
Other Employee Severance Commitment Contingencies [Member]
Other Commitments [Line Items]
Contracts and Commitments	$76,000

Note_16_Fair_Value_of_Financia2

Note 16 - Fair Value of Financial Instruments (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Note 16 - Fair Value of Financial Instruments (Details) [Line Items]
Proceeds from Principal Repayments on Loans and Leases Held-for-investment	$653,593	$996,148
The Grove, Florida [Member] | Fair Value, Inputs, Level 3 [Member]
Note 16 - Fair Value of Financial Instruments (Details) [Line Items]
Equity Method Investments, Fair Value Disclosure	0
The Grove, Florida [Member]
Note 16 - Fair Value of Financial Instruments (Details) [Line Items]
Equity Method Investments	$0	$0

Note_16_Fair_Value_of_Financia3

Note 16 - Fair Value of Financial Instruments (Details) - Carrying Value and Fair Value of Financial Assets and Liabilities (USD $)	Dec. 31, 2014		Dec. 31, 2013
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment in Marketable Securities	$5,950,098	[1]	$3,380,864
Investment in Marketable Securities	5,950,098	[2]	3,380,864	[2]
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment in Marketable Securities	$5,950,098	[1]	$3,380,864
[1]	During 2014, the Company received $653,593 in principal repayments.
[2]	The Company received $653,593 and $996,148 in principal repayments during the years ended December 31, 2014 and 2013, respectively.

Note_16_Fair_Value_of_Financia4

Note 16 - 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 $)	Dec. 31, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired real estate assets	$6,146,952	$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	$6,146,952	$6,508,394

Note_17_Impairment_of_Real_Est1

Note 17 - Impairment of Real Estate Investments: (Details) (USD $)	3 Months Ended		12 Months Ended
	Jun. 30, 2014	Sep. 30, 2013	Dec. 31, 2014	Dec. 31, 2013
Disclosure Text Block Supplement [Abstract]
Asset Impairment Charges	$200,000	$2,100,000	$200,000	$2,100,000

Note_18_Equity_Details

Note 18 - Equity (Details) (USD $)	0 Months Ended	12 Months Ended
	Sep. 13, 2013	Dec. 31, 2014	Dec. 31, 2013
Note 18 - Equity (Details) [Line Items]
Common Stock, Dividends, Per Share, Cash Paid (in Dollars per share)		$0.46	$66.56
Dividends, Cash	$68,000,000	$682,033	$68,000,000
Dividends Payable, Amount Per Share (in Dollars per share)	$66.56		$10.89
Dividends Payable			16,144,614
Meet Minimum REIT Distribution Requirement [Member]
Note 18 - Equity (Details) [Line Items]
Dividends Payable			16,145,000
Scenario, Forecast [Member]
Note 18 - Equity (Details) [Line Items]
Proceeds from Issuance of Common Stock		5,560,000
GSD LLC [Member]
Note 18 - Equity (Details) [Line Items]
Dividends, Equity Ownership Interest			$30,685,000

Note_18_Equity_Details_Accumul

Note 18 - Equity (Details) - Accumulated Other Comprehensive Income (Loss) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	($633,682)	$118,789
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	183,962	-1,270,090
Other Comprehensive Income Before Reclassifications	-511,357	1,806,641
Amounts Reclassified from AOCI	-324,998	-352,589
Net Current Period Other Comprehensive Income	-836,355	1,454,052
Balance	-652,393	183,962
Accumulated Net Unrealized Investment Gain (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	-65,173	74,287
Other Comprehensive Income Before Reclassifications	83,884	-139,460
Net Current Period Other Comprehensive Income	83,884	-139,460
Balance	18,711	-65,173
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	118,789	-1,195,803
Other Comprehensive Income Before Reclassifications	-427,473	1,667,181
Amounts Reclassified from AOCI	-324,998	-352,589
Net Current Period Other Comprehensive Income	-752,471	1,314,592
Balance	($633,682)	$118,789

Note_20_Supplementary_Informat2

Note 20 - Supplementary Information - Quarterly Financial Data (Unaudited) (Details) - Quarterly Financial Data (Unaudited) (USD $)	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Note 20 - Supplementary Information - Quarterly Financial Data (Unaudited) (Details) - Quarterly Financial Data (Unaudited) [Line Items]
Rental Income	$1,100,702	$1,111,932	$1,106,188	$1,120,645	$1,126,637	$1,156,360	$1,104,502	$1,099,584	$4,439,467	$4,487,083
Tenant reimbursements	117,079	101,620	111,132	179,390	113,400	124,090	115,756	189,640	509,221	542,886
Total revenue	1,217,781	1,213,552	1,217,320	1,300,035	1,240,037	1,280,450	1,220,258	1,289,224	4,948,688	5,029,969
Rental Property Expense	-614,787	-647,657	-631,798	-711,602	-637,205	-606,722	-607,933	-662,670	2,605,844	2,514,530
Income from Rental Property	602,994	565,895	585,522	588,433	602,832	673,728	612,325	626,554
Net (Loss) Income	-877,883	-405,557	-1,150,268	-671,658	-1,325,271	48,707,990	-444,737	-882,777	-3,105,366	46,055,205
Net income (loss) attributable to Gyrodyne	$209,175	($19,809)	($53,885)	$12,072					$147,553	$46,063,206
Basic and diluted (in Dollars per share)	($0.55)	($0.27)	($0.78)	($0.45)	($0.89)	$32.85	($0.30)	($0.60)	$0.10	$31.07
Parent [Member]
Note 20 - Supplementary Information - Quarterly Financial Data (Unaudited) (Details) - Quarterly Financial Data (Unaudited) [Line Items]
Basic and diluted (in Dollars per share)	$0.14	($0.01)	($0.04)	$0.01

Note_21_Condemnation_Details

Note 21 - 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, 2014	Dec. 31, 2013	Dec. 31, 2012	Jul. 03, 2012	Mar. 31, 2013	Jun. 30, 2006
										acre
Note 21 - Condemnation (Details) [Line Items]
Proceeds from Legal Settlements		$167,530,657		$26,315,000
Area of Land (in Acres)										245.5
Litigation Settlement, Amount			125,000,000
Statutory Interest Rate								9.00%
Payments for Delayed Tax Exempt Exchange						26,315,000
Excise Tax Percentage						4.00%	4.00%
Dividends	98,685,000				682,033	67,995,704
Dividends Payable, Amount Per Share (in Dollars per share)	$66.56					$10.89
Dividends, Cash	68,000,000				682,033	68,000,000
Deferred Recognition of Property Sales Gain [Member]
Note 21 - Condemnation (Details) [Line Items]
Gain (Loss) on Condemnation						98,685,000
Cash Dividends [Member]
Note 21 - Condemnation (Details) [Line Items]
Dividends Payable, Amount Per Share (in Dollars per share)	$45.86
Subsequent Event [Member]
Note 21 - Condemnation (Details) [Line Items]
Payments for Legal Settlements									29,000
Additional Damanges [Member]
Note 21 - Condemnation (Details) [Line Items]
Proceeds from Legal Settlements		98,685,000
Costs, Disbursements and Expenses [Member]
Note 21 - Condemnation (Details) [Line Items]
Proceeds from Legal Settlements		1,474,941
Interest [Member]
Note 21 - Condemnation (Details) [Line Items]
Proceeds from Legal Settlements		$67,370,716