OYSTER BAY - Three children, all under the age of 12, died last night when a 34-foot motorboat carrying 27 people flipped over in Cold Spring Harbor. The victims were identified as David Aureliano, 12, Harlie Treanor, 12, and Victoria Gaines, who would have turned 8 tomorrow. Police say the children were inside the boat's cabin when it went down. Twenty-four people were rescued from the water by emergency crews, with some help from Good Samaritans. A man who was passing in his own boat with his family says he threw life vests, bumpers and swimming noodles to help the people in the water. Investigators say two adults were operating the boat, including its owner. They were returning from a fireworks display when the boat suddenly flipped. Police say there were no drugs or alcohol involved in the accident. They believe it may have been a combination of bad weather, strong wakes and overcrowding. A storm advisory had been issued for the area just minutes before the incident. The boat sank between Centre Island and Lloyd Neck just inside Cold Spring Harbor. Police are now working to pull it out of the water so they can inspect it for possible mechanical malfunctions. To watch extended interviews with police and the captain of the capsized yacht, click on iO Extra on Channel 612.

FULL INTERVIEW: Captain of capsized yachtAVIDEO: Police press conference on capsized boatOfficials: Yacht capsizes in waters off of Bayville