The house at the corner of Arbat and Denежный Lane is known as the birthplace and residence of the poet Andrei Bely, where the Moscow Symbolists' circle "Argonauts" also gathered. The poet's apartment is protected by the state.

The modern building is based on an old estate house built before the fire of 1812. In the late 1870s, architect Mitrofan Alexandrovich Arsenyev converted it into an income house. It was here, in apartment No. 7, that Boris Nikolayevich Bugaev, known as Andrei Bely, was born in 1880 to the family of mathematics professor Nikolai Bugaev. He was a poet, writer, and critic, one of the key figures of Russian symbolism.

The poet recalled: "I remember the old Arbat, the Arbat of the past: it rose from the Smolensk pharmacy in a strip of two-story houses, some high, some low; at Denежный, the Rakhmanov house, white, with a balcony, decorated with cornice stucco, raised by a round semblance of a turret: three stories. I was born there, I lived there for twenty-six years."

During the Soviet era, the house was raised by a fourth floor, and the turret disappeared, but Andrei Bely's memorial apartment has been preserved and is now a museum.

The poet's father, Nikolai Bugaev, was a prominent figure in Moscow, interested not only in mathematics but also in philosophy, psychology, and history. He wrote humorous poems and the libretto for the opera "Buddha." His apartment often hosted professors from Moscow University, as well as notable figures like Leo Tolstoy and composer Sergey Taneyev. The Bugaevs' neighbor was Mikhail Solovyov, brother of philosopher Vladimir Solovyov, who gave Boris Bugaev the pseudonym Andrei Bely. The aspiring poet studied at the physics and mathematics faculty, like his father, but became increasingly fascinated by literature and philosophy, especially symbolism. His acquaintance with Bryusov and Solovyov had a significant influence on him. In 1903, a literary circle called "Argonauts" emerged in Bely's apartment, inspired by Bely himself and his friend, poet Ellis (Lev Kobylinsky). Every Sunday, poets Konstantin Balmont, Maximilian Voloshin, Valery Bryusov, Vyacheslav Ivanov, Yurgis Baltrushaitis, artist Viktor Borisov-Musatov, philosopher Pavel Florensky, and others gathered at Bely's place. In 1904, Bely met Alexander Blok here.

In 1906, Andrei Bely left this apartment, and in the following years, the tenants changed until a memorial museum of Andrei Bely was opened here in 2000, which still operates today.