Yacht capsizes off New York's Long Island, three drown Thu Jul 5, 2012 8:44am EDT (Reuters) - A yacht ferrying 27 people to watch Fourth of July fireworks capsized off New York's Long Island and at least three people drowned, Nassau County Police said on Thursday. The dead were found in the water near the town of Oyster Bay after a 911 call was placed at about 10:10 p.m. on Wednesday (2210 EDT Wednesday), police said. The vessel was described as a 34-foot (10.4-meter) boat. Its passengers were believed to have been onboard to watch holiday fireworks but no other details were immediately available. Reporting by Barbara Goldberg; Editing by Vicki Allen