The car-free zone street is named after the fountain situated at its end towards Gülhane Park.
The wooden, two or three-storey Ottoman houses consisting of four to ten rooms date to the 19th to 20th century, and have been restored with the initiative of Çelik Gülersoy in 1985-1986.
The buildings are decorated in the 19th-century style with furniture including such items as beds and consoles, silk curtains, velvet armchairs and gilded mirrors.
[2] One of the houses hosts the library "İstanbul Kitaplığı" with over 10,000 books about Istanbul[3] owned by the Çelik Gülersoy Foundation.
On one end of the street towards Gülhane Park is a Byzantine cistern, which houses the "Sarnıç Restaurant" today.