Derek Narby has not been located, New Jersey State Police said Monday afternoon, Sept. 18.
The vessel was struck by a wave and capsized, the U.S. Coast Guard said.
The boat sank, and two others aboard were rescued.
The stern portion of the vessel was located in approximately 30 feet of water off the north jetty of the Manasquan Inlet on Sunday, Sept. 17, according to Sgt. Philip Curry, a State Police spokesman.
The two rescued men are the father and brother of Narby, according to the Asbury Park Press, which noted that parts of the boat washed ashore in Seaside Heights.
The U.S. Coast Guard suspended its search on Friday night.
The State Police search resumed on Monday, Curry said.
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