The 85-year-old Sydney man Chris Baghsarian, was alone in his North Ryde home when he was taken and bundled into dark-coloured SUV on Friday morning.
Police hold grave concerns for the grandfather, who needs daily medication, after they were called to the home by neighbours who heard a commotion about 5am AEDT.
When they arrived, police found signs of forced entry at the home.
Detective Acting Superintendent Andrew Marks said Mr Baghsarian was in his bedroom when three men took him and bundled him into a dark-coloured SUV.
"Police consider that Mr Baghsarian was not the intended target ...You have the wrong person," Det Supt Marks said.
New vision, published by Nine News, shows a dark Toyota pulling into Northcott Street in North Ryde before Mr Baghsarian was taken.
A man in high-viz clothing is seen emerging from the car, followed by an accomplice.
Moments later, they are seen pushing the elderly man across the landing as the car moves closer.
Police said a burnt-out vehicle matching the description of the SUV involved was found nearby.
They would not confirm a Daily Telegraph report that a video has emerged showing Mr Baghsarian tied up.
His family, who were not involved in any criminal activity, were concerned and shocked by his kidnapping, Det Supt Marks said.
"They're quite surprised that this has happened and what they want is the safe return of their father," he said.
"Please release Mr Baghsarian. Take him to a hospital. Take him to somewhere that's safe, and we'll do the rest."
It's believed Mr Baghsarian is a widower who has lived alone for almost four years.
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