The man grabbed the boy on Cable Avenue in Beachwood at about 2:30 p.m. and tried to get him into a black Audi, but the child broke free, ran home and called police, authorities said.
The suspect drove off when the boy got away. He's believed to have been driving a fairly new model black Audi four-door sedan bearing an unknown yellow New Jersey registration.
The suspect is described as being about 6 feet 2 inches tall with a thin build and bald head. He was wearing a white T-shirt and a black leather jacket when he allegedly tried to kidnap the boy.
Police released a sketch of the suspect (above).
Beachwood Lt. Robert Tapp said the department added patrols in the area to "reassure the neighborhood that the kids are safe," and that officers are in regular communication with Toms River Intermediate South School, which is where the 11-year-old boy attends class.
Tapp also said additional patrol units were added near the school building.
Meanwhile, the community is on edge -- and hoping the suspect will be found soon.
Heather Applegate said she told her daughter she was never to walk home again under any circumstances.
And Ryan Brinster, another parent, said he couldn't believe it happened so close to his home.
"It's scary, you don't think it's going to happen in a neighborhood like this where there are tons of families," he said.
Anyone with information about the attempted abduction is asked to call Beachwood Police at (732) 286-6000 x191.