Hydrothermal synthesis of iron fluoride compound, Fe2F5(2,2'-bipyridine)2H2O, and its characterization by single crystal X-ray diffraction is reported. The compound is found to crystallize in the triclinic space group . The monohydrate fluoroferrate of bipyridine is built up from Fe4F10N8 tetrahedron connected by eight nitrogen atoms of four 2,2'-bipyridine molecules and separated by H2O molecules. The main feature of this atomic arrangement is the coexistence of two oxidation states of iron cations and hybrid class II with 0-D dimensionality. Thermal and IR spectral analysis have been carried out for the title compound to confirm the hematite compound as residual and the presence of organic molecule , respectively. Magnetic characterization does not reveal any ferromagnetic component in the range of magnetic field from -20 kOe to 20 kOe at room temperature