On Sunday, October 5, 1930, at 11:00 a.m., a group of priests led by Father Gh. Popovici performed the "service of laying the foundation stone at the Church of the Assumption of the Virgin Mary in the suburb of Precista." The place of worship was built of cut stone and reinforced concrete between 1930 and 1947, based on a design by architects R. Bolomei and F. Droz, at the initiative of priest Constantin Matasă. The contractor was Italian Carol Zani, and the sculptor and decorator was Vicenzo Puschiasis.
It is designed in a trefoil system, with Gothic features, but closely follows the Moldavian style that prevailed in the 15th and 16th centuries.
The exterior is made of reinforced concrete, carved stone, and pressed brick. The roof is covered with glazed tiles and has two octagonal towers.
Inside, the vault with pillars corresponding to the exterior buttresses is made of reinforced concrete, and on top of it stands the reinforced tower, enclosed inside. The second tower has its base on the porch, and inside it are the bells.
The fresco painting, which corresponds to the Byzantine style, was executed by the Prefeta brothers from Bucharest and Dumitru Irimescu from Piatra Neamț. The entire painting was coordinated and supervised by Fr. I.D. Ștefănescu. The church is painted in its entirety, and the predominant colors are yellow and maroon.