Annemarie Mogil loves the view from her bedroom window. The 92-year-old has taken dozens of photographs of it in the year that she's lived here, which she keeps in a tidy shoebox. At a prime corner in Brooklyn, Prospect Park Residence has been a home for seniors since 1962 and an assisted living facility for the last decade.

But two months after Mogil moved in, the owner sold the building to a developer of luxury condos for $76.5 million, nearly double its sale price in 2006. More than 120 residents, including some Holocaust survivors, were told to find another place to live. Mogil is one of only eight residents who refused to leave.

"I'm not ready to go," she said. "This was really advertised from the beginning as a place where you come to age in place. And aging in place means this is your final residence."

According to their families, many of the residents who left have seen sharp declines in their health. Some have died since the residence announced it would be closing.

"It's a devastating feeling," said Mogil about the prospect of being forced out of her home. "And I wouldn't wish it on anyone."

The battle has now shifted to the courts. Mogil and a handful of other residents charged that the operator cut back on basic services and failed to help occupants find alternative homes, in violation of its own closing plan. The group also sued the State Health Department, arguing that it shouldn't have approved the plan, since it discounted the needs of residents. In November, Mogil and her neighbors won a preliminary injunction that allowed them to stay in their apartments – for now.

The property owner didn't respond to America Tonight's request for an interview, but referred us to a March news release: "Rising costs and tax obligations made it no longer viable to operate an eldercare residence."

But with each passing month, more people and more businesses like Café Edison are being priced out of their longtime homes.

"We've learned how to preserve buildings," said Ron Shiffman, a professor of community development at the Pratt Institute in Brooklyn. "We've got to learn how to preserve culture. We really have to fine-tune the kind of programs and incentives to keep places like Edison alive."