The church was built in 1724, during the reign of Nicholas Mavrocordatos (Prince of Wallachia, 1719-1730), by the archimandrite Ioannikios Stratonikeas, a Greek monk from Pogoniani.

All that remains from the original monastery is the church, alongside a building from the beginning of the 20th century which shelters a library, a conference room and a collection of old (early 18th century) icons and ecclesiastical objects, and parts of wall paintings recovered from churches demolished during the communist regime.

The choir of the church sings (neo-)Byzantine music (a single voice part, sustained by a prolonged sound called ison - approx.

There are patristic, biblical, dogmatic, liturgic, historical, homiletic, catechetic writings, classic languages dictionaries and textbooks, studies on Byzantine art and Orthodox iconography, and on the Romanian history and civilization of the 18th century.

The Byzantine music books collection is the largest in Romania, and consists mostly of the donations of two Romanian byzantologists, Sebastian Barbu-Bucur, and Titus Moisescu.