One of the preserved income houses from pre-revolutionary Rostov-on-Don is the building that belonged to the famous Rostov resident of Armenian descent, Grigory Khristaforovich Bakhchisaraytsev, who was born with the name Krikor Khristoforovich. Built in the early 20th century in the Art Nouveau style, this building is now recognized as a cultural heritage site of regional significance.

Interestingly, a characteristic feature of income houses from the late 19th and early 20th centuries was the placement of commercial premises on the first floor. In this case, the first floor was rented by the trading and industrial partnership 'Zveno', which dealt in the sale of 'Lorelei' cars from the joint-stock company 'Rudolf Ley'.

Grigory Khristaforovich was the sole owner of the building until the revolution. In addition to his entrepreneurial activities, he served as a member of the Rostov City Duma and was an honorary justice of the peace in the Rostov judicial district, as well as a well-known gardening enthusiast in the city. In 1910, Bakhchisaraytsev headed the council for organizing the first Tree Planting Festival in Rostov-on-Don.

After the establishment of Soviet power, the building was illegally confiscated. The upper floors became a communal hive, the basement housed a student cafeteria, and the first floor continued to be used for trade. In 2005, the building was restored. It now houses a jewelry store, a café, a bookstore, and a ballet school.