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Gyrodyne Company of America

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Gyrodyne Company of America , Inc. is a real estate investment trust that owns, leases, and manages commercial properties along the Eastern Coast of the United States .

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20-686: Gyrodyne's headquarters are located in Saint James, New York , in Eastern Long Island . It was founded in 1946, initially as a helicopter design and manufacturing company. Gyrodyne Company of America was founded in 1946 by Peter J. Papadakos, using the assets he bought from the bankrupt Bendix Helicopters Company. The company continued Bendix's development of a one-man synchronized co-axial rotor helicopter in Massapequa, New York , before moving to St. James, New York , in 1951. For

40-641: A pickup and then amplified through an internal or external amplifier. The first electronic pianos date from the 1970s and were mostly made in Italy ( Davies 2001 ), although similar models were made concurrently in Japan. An exception is the range of instruments made by RMI in the United States from 1967 to approximately 1980, which was used by Genesis , Yes , Deep Purple , Elton John and Rick Wakeman ( Reid 2001 ). These early electronic pianos (including

60-480: A 16,000 square foot house located on 1.43 acres, and 2,500 rentable square feet on 1.6 acres. Fairfax Medical Center was acquired on March 31, 2009. It consists of two office buildings situated on 3.5 acres with 57,621 square feet of rentable space. Saint James, New York St. James is a hamlet and census-designated place (CDP) in Suffolk County, New York , United States. The population of

80-447: A household in the CDP was $ 71,144, and the median income for a family was $ 82,291. Males had a median income of $ 59,018 versus $ 38,103 for females. The per capita income for the CDP was $ 29,643. About 1.6% of families and 2.6% of the population were below the poverty line , including 1.8% of those under age 18 and 2.2% of those age 65 or over. Electronic piano An electronic piano

100-567: Is a keyboard instrument designed to simulate the timbre of a piano (and sometimes a harpsichord or an organ ) using analog circuitry . "Electronic Piano" was also the trade name used for Wurlitzer 's popular line of electric pianos , which were produced from the 1950s to the 1980s, although this was not actually what is now commonly known as an electronic piano. Electronic pianos work similarly to analog synthesizers in that they generate their tones through oscillators , whereas electric pianos are mechanical, their sound being electrified by

120-543: Is said to be the oldest continuously operating general store in the United States. It and a number of other historic structures were added to the National Register of Historic Places in 1973 as part of the Saint James District . Many of these 19th-century structures are located along New York State Route 25A , otherwise known as North Country Road. Among them is Saint James Episcopal Church,

140-557: Is the location of Gyrodyne's headquarters and is the former site of the helicopter manufacturing facility. It is located in Saint James, New York, 50 miles east of New York City. Flowerfield is a 68-acre property with 127,062 square feet of rentable space zoned primarily for light industry. Initially more than 300 acres, most of the Flowerfield property was taken by Stony Brook University under eminent domain in 2005. In June 2007

160-590: The Bridgeport & Port Jefferson Ferry , which offers transportation across the Long Island Sound to New England while avoiding New York City traffic. As of the census of 2000, there were 13,268 people, 4,555 households, and 3,466 families residing in the CDP. The population density was 2,924.6 inhabitants per square mile (1,129.2/km ). There were 4,674 housing units at an average density of 1,030.3 per square mile (397.8/km ). The racial makeup of

180-582: The CDP has a total area of 4.5 square miles (12 km ), all land. To the north of the hamlet lies the Village of Head of the Harbor and Stony Brook Harbor. St. James is situated in the eastern part of the town of Smithtown , east of the hamlet of Smithtown. Immediately due east of St. James sits the main campus of Stony Brook University , a major public research university. It is approximately 15 minutes from Port Jefferson . This allows for quick access to

200-536: The CDP was 13,487 at the 2020 census . St. James is part of the Town of Smithtown and is located on the North Shore of Long Island . The ZIP code is 11780. In the early 20th century, St. James was a popular vacation spot for glitterati of the stage and screen. Summer residents included Lionel , Ethel , and John Barrymore , Buster Keaton , Myrna Loy , and Irving Berlin , among others. Noteworthy persons of

220-565: The CDP was 97.36% White , 0.27% African American , 0.05% Native American , 1.24% Asian , 0.01% Pacific Islander , 0.55% from other races , and 0.52% from two or more races. Hispanic or Latino of any race were 3.45% of the population. There were 4,555 households, out of which 36.6% had children under the age of 18 living with them, 66.5% were married couples living together, 7.2% had a female householder with no husband present, and 23.9% were non-families. 20.6% of all households were made up of individuals, and 13.3% had someone living alone who

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240-567: The RMI) are not velocity sensitive in that, like an organ , they do not vary their volume based on how hard or soft the keys are played. "The major drawback of the RMI was its total lack of touch sensitivity. I found this very restricting, especially since any bum-notes are played at full volume, no matter how lightly you brush against them" ( Tony Banks , quoted in Reid 2001 ). The first electronic grand piano

260-690: The company acquired ten buildings in the Port Jefferson Professional Park in Port Jefferson Station, New York. These buildings are situated on 5.16 acres with 39,329 square feet of rentable space. Cortlandt Medical Center in Cortlandt Manor, New York, was acquired by the company on June 2, 2008. It contains five office buildings which are situated on 5.01 acres with 31,198 rentable square feet. The company also acquired land around this site, including

280-665: The company has bought three such facilities: two in New York, and one in Northern Virginia. Today Gyrodyne owns, manages, and leases four properties: two in eastern Long Island, one in southern New York, and one in Northern Virginia. In addition, the company has a limited partnership investment in a citrus grove called the Callery-Judge Grove, located in Palm Beach County, Florida. Flowerfield

300-434: The hamlet have included Stanford White , architect; William Jay Gaynor , New York State Supreme Court Justice and Mayor of New York City; Wilton Decker , Inventor of the electronic piano ; Mick Foley , professional wrestler; Soledad O'Brien , television personality; John Miceli , drummer for Meat Loaf ; and John Petrucci , lead guitar player for Dream Theater . The St. James General Store , located on Moriches Road,

320-615: The next 24 years the company was engaged in the design, testing, development, and production of coaxial helicopters, primarily the Gyrodyne QH-50 DASH drone for the U.S. Navy . In 1975, Gyrodyne began converting its helicopter manufacturing facilities into rental space suitable for light industry. Since then the company has concentrated its efforts on the management and development of real estate. On November 2, 2005, Stony Brook University seized 245.5 acres under eminent domain from Gyrodyne, initially paying them $ 26,315,000 for

340-584: The property. In 2006, Gyrodyne opened a case for just compensation. Finally, in 2010, the Court of Claims ruled in Gyrodyne's favor when it awarded the company $ 125,000,000 thereby requiring the state to pay an additional $ 98,685,000 plus interest of nine percent from the date of taking, to the date of payment. In 2006, Gyrodyne became a publicly traded Real Estate Investment Trust. Around this time, Gyrodyne began focusing on purchasing medical properties. Since then,

360-568: The source of the hamlet's name during the 1850s. In 1873, St. James Rail Road Station was established. Although small, the historic station-house is the second-oldest on the Long Island Rail Road . St. James is located at 40°52′38″N 73°9′19″W  /  40.87722°N 73.15528°W  / 40.87722; -73.15528 (40.877202, -73.155260). According to the United States Census Bureau ,

380-448: Was 65 years of age or older. The average household size was 2.81 and the average family size was 3.27. In the CDP, the population was spread out, with 25.9% under the age of 18, 5.0% from 18 to 24, 29.8% from 25 to 44, 21.2% from 45 to 64, and 18.1% who were 65 years of age or older. The median age was 39 years. For every 100 females, there were 88.4 males. For every 100 females age 18 and over, there were 82.6 males. The median income for

400-458: Was produced in 1979 and patented in 1981 by Wilton Decker of St. James, NY . (PianoNova Co.) It contained the first full-touch-sensitive keyboard and working pedals ( Decker 1981 ). Electronic pianos became less popular in the 1980s when the digital piano and polyphonic synthesizer became available and affordable enough for both professional and home use as an inexpensive, smaller and lighter alternative to an acoustic piano. In modern usage,

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