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Detectives say they are certain he was not the intended target, with law enforcement sources telling the ABC the abduction plot was supposed to involve a figure with links to the Alameddine crime family.
There are concerns about Baghsarian's wellbeing due his age and because he requires daily medication.
NSW Police are also investigating a video that has emerged which shows the 85-year-old with his hands tied and his face covered.
In a social media post reflecting on their lives together, Arthur Hagopian said he wanted his cousin home safely.
"As I pass by the boarded up window the intruders had shattered in their forced entry into his house, all I can do is utter a prayer for his safe return," he said.
"The Armenian community here share the agony of his son and daughter, but there is nothing on earth anyone can do until, by some miracle, the kidnappers have a change of heart, if they even possess one, and release him.
"We can't wait to pick up where we left off."
www.rnz.co.nz
There are concerns about Baghsarian's wellbeing due his age and because he requires daily medication.
NSW Police are also investigating a video that has emerged which shows the 85-year-old with his hands tied and his face covered.
In a social media post reflecting on their lives together, Arthur Hagopian said he wanted his cousin home safely.
"As I pass by the boarded up window the intruders had shattered in their forced entry into his house, all I can do is utter a prayer for his safe return," he said.
"The Armenian community here share the agony of his son and daughter, but there is nothing on earth anyone can do until, by some miracle, the kidnappers have a change of heart, if they even possess one, and release him.
"We can't wait to pick up where we left off."
Cousin pleads with Sydney man Chris Baghsarian's abductors for release
Detectives say they are certain he was not the intended target.