RedactedNarrative: Owner of Vessel #1 (V1) stated in effect: I was moving the boat to Belmar, NJ. I recently installed an electric motor and due to the strong current I was unable to navigate around Sandy Hook, so I returned back to the Atlantic Highlands Harbor. Prior to leaving the boat, I checked the bilge and noticed some water but the amount was not abnormal. I activated the bilge pump and pumped out all the water prior to leaving.
  
       Investigation revealed: V1 was anchored behind the breakwater in the harbor of the Atlantic Highlands Municipal Marina. Prior to leaving the vessel at approximately 1800 hours, the owner secured his vessel and activated his bilge pump. During the night, the weather consisted of high wind speeds and heavy rain. Subsequently, the vessel sank and the hull became completely submerged with only the masts being partially exposed. 
  
       The vessel was raised and de-watered by Tow BoatUS, Sandy Hook. V1 was towed to Atlantic Highlands Municipal Marina, removed from the water, and is being stored on land. Owner reports there was a mechanical issue with the drive shaft which caused the boat to take on water. He also stated the vessel is not currently registered due to having an issue with the title. No suspicious activity was noted during this investigation and this investigation should be considered closed.