On a narrow cape formed by the Moscow River and the Water Discharge Canal, a beautiful house with a spire rises. In 1867, the Imperial Moscow River Yacht Club was founded here. An initiative group submitted a request to establish a club in Moscow modeled after the one in St. Petersburg. The club's charter was reviewed by the Committee of Ministers and approved by the Emperor on July 6, 1867, marking the beginning of its official history. The first commander of the club was appointed as the Moscow civil governor I. S. Fonvizin, and the vice-commander was Y. V. Puare.

Initially, a floating pier for the yacht club was equipped at the confluence of the river and canal. The club also rented a state shed for winter storage of equipment. Later, the "Studenets" dacha and a building on Prechistenka were rented for holding club meetings.

In the 1870s, the club built a wooden pavilion, a new pier, and a boathouse at the confluence. In 1892, on the twenty-fifth anniversary of the club, it was decided to build a stone building at the confluence. For this, a plot of land was rented from the city from July 1, 1892, to July 1, 1928. Construction began the following year based on the project by architect K. G. Treyman.

The Moscow yacht club focused on the development of rowing sports. The club's charter stipulated that members should engage in gymnastics exercises that develop physical strength, such as swimming, marine gymnastics, riding on a buoy and skates, target shooting, and fencing.

However, not all club members were eager to engage in sports. An excellent restaurant operated at the club, where many came to enjoy delicious food and the view of the river. There was also a good library, and the club was involved in publishing activities.

After the revolution, all the club's property and sports equipment were nationalized. The yacht club became the rowing base "Strelka," remaining a popular place in Moscow. Initially, the building was partially used as residential, housing famous rowers. Over time, especially after the war, the yacht club became more of a children's club, and after the construction of the rowing canal in Krylatskoye, it lost its sporting significance. The building was partially reconstructed in the second half of the 20th century.

Currently, the club building, protected as a cultural heritage site of regional significance, has been restored, but the area is fenced off, and access to it is closed.