DYKER HEIGHTS - The co-owner of a popular Brooklyn pizzeria was gunned down outside his Dyker Heights home Thursday night.

Police say 61-year-old Louis Barbati, the co-owner of L&B Spumoni Gardens, was found with five gunshot wounds to his chest outside his home on 76th Street around 7 p.m. He was pronounced dead at the scene.

Officials say Barbati was carrying a substantial amount of money and that the perpetrator was waiting for him. They believe that the homicide was a botched robbery.

Police tell News 12 they are searching for a man in his 30s who was seen running from the scene.

The popular restaurant has been in the family for four generations. It opened back in the 1950s.

Neighbors of the victim say they have no idea why someone would do this to Barbati.

"It's terrible," said Denis Dugan. "I don't know why people would do something like this. Here's a man who probably worked his whole life and now this has to happen."

Borough President Eric Adams called the Barbati's shooting death a "devastating loss for the community."

On Facebook, L&B Spumoni Gardens posted a message reading, "We appreciate the outpouring support and good will during these hardest of times. The family respectful wishes for privacy to grieve."

Police are still investigating the crime and are looking for the perpetrator.