The name of the Convent is connected to its citadel-type architecture and its location, making it seem like its hanging from the hillside.
According to the inscription, it was founded in 1593 by Mitrophanes Agapitos. It was initially a monastery but was converted into a convent in 1993.
The single-spaced arch-covered catholicon is dedicated to the Taxiarchs and features a gilded wood-carved chancel screen. Also worthy of note is its Altar Stone, dating back to 1622.
Outside the monastery, there is another, more recent church dedicated to the Myrrhbearers.