PH 400 living area-compressed Houses, or should we say mansions, in the Hamptons are often distinguished by  weather-beaten shingles and Gambrel roofs. But the rich and famous who flock to this seaside resort town now have the opportunity to own a residence in a historic factory building. The Watchcase Factory in Sag Harbor dates back to 1881, when it evidently served as a watchmaking factory owned by a French immigrant named Joseph Fahys.

The factory sat vacant for more than 30 years, until it was purchased by Cape Advisors and transformed into 64 condominium residences. PH-400 is a two level, three-bedroom suite with three bathrooms and two half bathrooms. The original factory details have been beautifully preserved — the penthouse features exposed brick walls, high ceilings, fumed oak floors, oversized windows and exposed wood beams. The open-concept kitchen boasts a large island, natural oak cabinets with wrought metal fittings, thick honed slab countertops with raked edges, Thermador stainless steel appliances and a glazed brick tile backsplash.

The master bedroom has a sizable walk-in closet and the ensuite includes a double vanity sink, partitioned toilet and a separate shower and soaker tub. The two additional bathrooms are also equipped with ensuites and generous closet space. A curving staircase leads to an octagon-shaped library, with a pitched roof, chimney stack and brick exterior. The adjoining rooftop terrace features colorful flower beds, lounge space and an alfresco dining area with panoramic views of the village and waterways. Labor Day may have marked the official end to summer in the Hamptons, but we’re willing to bet the residents of PH-400 will be content with their industrial space year round.

PH400 kitchen-compressed PH 400 rooftop-compressed PH-400 lower level-compressed

PH-400 upper level-compressed

Size: 4,696 square feet

Price: $10,200,000

Location: Sag Harbor, New York

Development: Watchcase Factory

Developer: Cape Advisors

Highlight: There’s a powder room on the rooftop terrace so you don’t have to go downstairs to relieve yourself.

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