The incident occurred in the Muscoot Reservoir near Old Bedford Road in Goldens Bridge, just west of I-684 and Route 22, where state police and emergency responders from Lewisboro and surrounding municipalities are at the scene.
A fisherman in the area reported seeing the capsized fishing boat around 7 a.m. on New Year's Day, Jan. 1. The bodies were recovered shortly afterward.
The victims have been identified as 47- and 48-year-old fishermen from Brooklyn and Staten Island.
It is unclear what caused the boat to capsize.
State police said further updates will be provided as they become available.
This is a developing story. Check back to Daily Voice for updates.
Click here to follow Daily Voice Pleasantville and receive free news updates.