Suburban Lake Worth resident, real estate magnate, dead at 94

Posted on May 26, 2017 by ICN Staff in Real Estate News
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Suburban Lake Worth resident, real estate magnate, dead at 94

Platzner lived in The Fountains, west of Lake Worth. He once owned the New Rochelle Railroad Station, making him one of the few private owners of a railroad station in the country, his family said.

Platzner, a WW II veteran, returned home to New York from the pacific and joined his father in a small real estate brokerage business that he soon turned into one of the largest owners of garages in the Bronx, a borough in New York.

Following his success in the Bronx, Platzner moved his business and his family to Westchester, N.Y., setting up offices in New Rochelle, where he became the largest landlord in the city and one of the largest in Westchester County. That business continues to thrive today under the direction of his children.

In 1968 after spending decades acquiring buildings throughout Westchester County, Platzner saw an opportunity when the New Haven Railroad Company filed for bankruptcy and outbid the New Rochelle for its railroad station. The city challenged his winning bid all the way to the Connecticut State Supreme Court, which ultimately upheld the sale. Platzner retained the property until the city again attempted to take it away, this time through imminent domain in the 1980s. Platzner opposed the ruling and the case went to the New York State Supreme Court before Platzner settled for ten times the original offer.

Herbert Platzner with his wife, Marylin in an undated photo. (Palm Beach Post file photo) , philanthropist, real estate magnate past president of the Morse Life Health System in Palm Beach and one of the most prominent landlords in Westchester, N.Y., died at his home this past weekend. He […]