It lies inside what was the walled city on Constantinople and later of İstanbul and corresponds to the old quarter of Blachernae (Vlachérnai in Greek).

[3] The Golden Horn ferry stops at Ayvansaray, linking it to Üsküdar, Karaköy, Kasımpaşa, Fener, Balat, Hasköy, Sütlüce and Eyüp.

Ayvansaray has a number of historic monuments including the Palace of the Porphyrogenitus (Tekfur Palace), the Mosque of Atik Mustafa Pasha (once thought to have been the medieval Byzantine church of Sts Peter and Mark), the Mosque of Kazasker İvaz Efendi and the small church of St. Mary of Blachernae which was built over an ayazma or holy spring.

The remains of the great Theodosian Land Walls run down to the Golden Horn, enclosing Ayvansaray behind three huge polygonal towers.

Just inside this stretch of the walls is the small cemetery attached to the shrine of Ebu Şeybet-ül Hudri; in it are buried several companions of the Prophet Mohammed as well as Toklu İbrahim Dede who is believed to have taken part in the battle to capture Constantinople from the Byzantines in 1453.