The 64-year-old actor was spotted shooting a scene for the film in Woodside, Queens, reported New York Post.
Gere, later, arrived straight from the sets of the movie and dined at a luxury restaurant.
Gere, who has been seen around town shooting the movie in shabby clothes, hosted the dinner for the cast and crew.
In 'Time Out Of Mind', he portrays a homeless man trying to reunite with his estranged daughter.
The film also stars Jena Malone of 'The Hunger Games' fame.