Two tenants at an upscale New Jersey apartment building are accused of pulling a fellow resident from his bed Tuesday, beating him and tying him up before stealing $2 million in cash, gold and jewelry, prosecutors say.

Four armed suspects ransacked one of the units at the Saint Moritz building in Edgewater, spending nearly three hours at the apartment, the Bergen County Prosecutor's Office says. The assailants broke the victim's ribs and bruised the man's face and body. An employee at the luxury apartment building was also assaulted in the break-in and robbery.

Adonis Sepulveda, 30, and Ramona Mercado-Vasquez, 26, were both arrested this week and face armed robbery, kidnapping, theft, burglary conspiracy and gun charges, prosecutors say. Both suspects lived at the Saint Moritz.

Mercado-Vasquez and Sepulveda are both being held in lieu of $1 million bail. It's not immediately known whether they have attorneys.