The 60-year-old jewelry store owner was kidnapped from his Lake Avenue home in Lyndhurst and is now okay and recovering at Hackensack University Medical Center after the harrowing ordeal.
Police say three suspects barged into the home around 9 p.m. Wednesday, grabbed the man and tied up his wife inside the home.
He was then thrown in a car and driving from the scene.
The wife managed to free herself and called a relative, who contacted 911. Police officer who arrived at the scene had to immediately jump into action.
"As the officers were responding, an active [suspect] fled out the back door," Lyndhurst Police Chief James O'Connor said. "There was a foot pursuit. Unfortunately, he got away. A short while later, the victim was recovered near the Garfield-Clifton border."
Authorities say the man was either dropped off or escaped, and then flagged down a passing car.
The couple's adult son was also home at the time, but was unharmed.
The motive is unclear and police were trying to determine if anything was stolen from the home.
The search for suspects is ongoing.