Exhibit 32.1

                        CEO/CFO CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the annual report of Gyrodyne Company of America, Inc. (the
"Company") on Form 10-K for the period ended December 31, 2006, as filed with
the Securities and Exchange Commission (the "Report"), I, Stephen V. Maroney,
Chief Executive Officer and Chief Financial Officer of the Company, certify,
pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of
the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material
respects, the consolidated financial condition of the Company as of the dates
presented and consolidated results of operations of the Company for the periods
presented.



Date: March 12, 2007

                                          /S/ Stephen V. Maroney
                                          ----------------------
                                          Stephen V. Maroney,
                                          President, Chief Executive Officer
                                          and Chief Financial Officer