This former yalı of Prince Ypsilantis, who came from a Greek Phanariote family which grew into prominence in Constantinople during the later part of Ottoman Empire, later became the summer residence of the French Embassy. According to 19.Yüzyılda Istanbul Hayatıi (Life in Istanbul in the 19th century), Prince Ypsilanti donated the building to the French ambassador General H Sebastiani when he escaped to Russia from Selim II in 1807. This building was later ravaged by fire but still stands today in a dilapidated condition.