New York - Five elderly women who refused to leave their assisted-living home after its closure was announced will finally vacate as part of a $3.35 million settlement, attorneys said Wednesday.

The holdout residents, ages 91 to 101, will be required to leave Prospect Park Residence by Aug. 31, and will each receive $533,333 under the deal reached Tuesday in Brooklyn state Supreme Court. Eleven former residents or their estates will also receive payouts.

“It’s definitely a win for our clients. We got them a significant amount of money and time to make plans to find appropriate placements nearby that they can move to,” said Fred Millett, one of the attorneys for the holdouts. “This allows them more options to look at places that they can maintain their standard of living.”

The agreement comes more than two years after the facility announced it would be closing and sold for conversion to condominiums in the upscale Park Slope neighborhood of Brooklyn. Most of the roughly 125 residents vacated in short order, but a handful fought the move , sparking a web of litigation. Separate lawsuits alleging wrongful deaths remain unresolved, as well as litigation over the status of the $76.5 million building sale.... Read More: VIN