The 120 lies about 8 miles from Manasquan Inlet, in 79-83 feet of water, on a nice hard sand bottom, and is very low-lying. Wreckage consists of a thick keel, about 120 feet long and 3-4ft high and 3 feet wide, with low decking off to the sides. A chain pile, no anchor, and some deck winches and bollards are evident. The wreckage lies east-west and is about 200 feet long overall. Smaller pieces of decking and wreckage can be found very far off the main wreck (over 150 ft) and are usually good buoy dives in themselves from time to time, but are small and hard to find. Lying flat are the hull sides, which have fallen completely off the keel and are mainly buried in the bottom. You might first guess that the 120 Wreck is named for its depth, but actually it is named for the 120 degree compass heading taken to get to it from Manasquan Inlet. The real name of this wreck is long lost to time, just another expendable schooner barge from the late 1800’s / early 1900’s. The ribs and decking form many holes, tunnels, and overhangs, ideal homes for sea life, of which there is a great deal. Large crabs, Sea Bass, Blackfish, and ling can be found, as well as an abundance of lobsters. In fact, this part of the wreck is often referred to as "Heartbreak Alley" - a choice lobster every two feet or so, all out of reach ! Smaller pieces of wreckage lie scattered around the area.