NY-16 Nautilus was purchased by Frank McCaffery in 1988, the founder of Narragansett Shipwrights. Nautilus was to undergo an extensive re-fit under Frank's watchful eye as a personal craft for his enjoyment. At that time she had a marconi rig and a highly modified cabin house and deck layout. Over a period of 15 years, progress was made on her during the summer months. Sadly, Frank fell ill and was unable to complete the project before his passing.
The boat was sold to Bill Pedersen who contracted Narragansett Shipwrights under the direction of Jim Titus to complete the project. She is now fully restored to original rig and deck layout. As Bill is a renowned architect he chose to redesign the interior for a more open feeling and the ability to see fully fore and aft below decks. Other modifications include a standing binnacle holding the compass at eye level and deck prisms. Nautilus is beautifully maintained, she competes in local classic races and occasionally visits Newport to compete with Amorita and Cara Mia.