The two-storey palace of the industrialist A.Ya.Novikov, in the style of the late Italian Renaissance, was built in 1876 according to the design of the popular Odessa architect Felix Gonsiorovsky. Alexander Yakovlevich Novikov - the grandson of the famous Odessa merchant of the 1st guild Ilya Novikov, the owner of the rope factory founded in 1806 - was one of the prominent representatives of the commercial and industrial elite of the second half of the 19th century.
In 1907, Novikov's house came under the jurisdiction of the city and was leased to the Odessa Commercial Assembly. After 1917, the former palace housed various club institutions, a departmental library, party courses, and the semi-basement and part of the first floor served as housing.
Currently, the building, which is an architectural monument of the 19th century, houses Odessa Local History Museum.