-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 TD3ZvAQ8+XUUMT2ZbmkjwkIjBU0X3AhZc0iIiqpMTQDhfUwTghpzNMZkQQ75V5yj
 Xito4s10PCI6tdtO68FcVg==

<SEC-DOCUMENT>0001244364-04-000002.txt : 20040308
<SEC-HEADER>0001244364-04-000002.hdr.sgml : 20040308
<ACCEPTANCE-DATETIME>20040308180140
ACCESSION NUMBER:		0001244364-04-000002
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040304
FILED AS OF DATE:		20040308

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			D ALESSANDRO FRANK
		CENTRAL INDEX KEY:			0001244364

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-01684
		FILM NUMBER:		04655641

	BUSINESS ADDRESS:	
		STREET 1:		GYRODYNE CO OF AMERICA INC
		STREET 2:		102 FLOWERFIELD
		CITY:			ST JAMES
		STATE:			NY
		ZIP:			11780
		BUSINESS PHONE:		6315845400

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GYRODYNE CO OF AMERICA INC
		CENTRAL INDEX KEY:			0000044689
		STANDARD INDUSTRIAL CLASSIFICATION:	OPERATORS OF NONRESIDENTIAL BUILDINGS [6512]
		IRS NUMBER:				111688021
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0430

	BUSINESS ADDRESS:	
		STREET 1:		102 FLOWERFIELD ST
		CITY:			ST JAMES
		STATE:			NY
		ZIP:			11780
		BUSINESS PHONE:		6315845400

	MAIL ADDRESS:	
		STREET 2:		17 FLOWERFIELD SUITE 15
		CITY:			ST JAMES
		STATE:			NY
		ZIP:			11780
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-03-04</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000044689</issuerCik>
        <issuerName>GYRODYNE CO OF AMERICA INC</issuerName>
        <issuerTradingSymbol>GYRO</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001244364</rptOwnerCik>
            <rptOwnerName>D ALESSANDRO FRANK</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>33 WALNUT AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>FARMINGVILLE</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>11738</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>CONTROLLER</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>GYRODYNE COMPANY OF AMERICA, INC. $1 PAR VALUE COMMON</value>
            </securityTitle>
            <transactionDate>
                <value>2004-03-04</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>500</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>27</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2250</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <ownerSignature>
        <signatureName>/S/FRANK D'ALESSANDRO</signatureName>
        <signatureDate>2004-03-08</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----