A building of particular interest, rising to three storeys with a basement and largely covered by a timber roof with clay tiles. It was constructed by the Monastic Fund of Heraklion, to designs by Dimitriοs Kyriakòs submitted to the Municipality for the issuance of a building permit on 5 November 1911.

The building is a characteristic example of early twentieth-century construction practice. Its vertical supporting elements consist of masonry walls combined with cast-iron and wrought-iron columns. The floors are formed by double-T section metal beams, spanned by shallow brick vaults.

The placement of openings and balconies on the two principal façades and along the chamfered corner was designed according to strict axes of symmetry. The ground floor is distinguished by the use of dressed limestone, creating a pronounced and robust base, and by the formation of large arched openings. By contrast, the articulation of the two upper floors, set back slightly, employs more slender elements: pseudo-pilasters crowned with Corinthian capitals, small cornices above the openings, and terracotta balusters beneath the windows, together conveying a sense of lightness to the superstructure.