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Train ticket from Thessaloniki to Istanbul and vise versa is easy to buy from the railway stations. It costs around 94 euros round way. It takes almost 12 hours to arrive and sometimes you can have a delay, of 1-2 times more. The turkish train is good, the greek one really sucks. You can't book the tickets, you have to buy them from the station.
As for planes, there is a direct flight from Thessaloniki to Istanbul and back, 2 times a week, but i can't recall the days now. It takes 45 minutes or so and the cost is around 170 euros. The 119 euros that Rick mentioned is really cheap. If you can find such a deal, then it's definately better to prefer plane instead of train.
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how about buses?? 
( a new word for english vocabulary) hahah