Three people on the boat were rescued near Cockenoe Island on Sunday.
A boater spotted one of them standing on a buoy around 4 p.m.
Video in the media player above is from a previous report.
The search continued Monday for two boaters who remained missing.
Around 11:30 a.m. Westport Police Marine Division located the sunken boat.
Several hours later, a body was recovered from the water about 3 miles northeast of the boat.
The victim was identified as 38-year-old Juan Gabriel Valle Pineda of Spring Valley, New York.
The search for the second missing boater was suspended as of 9 p.m. Monday.
It's not clear yet why the boat sank.
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