Margulies studied at the Art Students League of New York with the printmaker Joseph Pennell (1857–1926), from 1922 to 1925.
He immigrated to the United States at an early age. Margulies then continued his studies at the National Academy of Design, Cooper Union in New York City, and at the École des Beaux-Arts in Paris. He also apprenticed with Maynard Waltner in Vienna.\r\nMargulies died in 1986.
Member North Shore Art Association, Rockport Art Association, Society of America Etchers, Chicago Society Etchers, Art Students League, Louis C. Tiffany Guild, Audubon Society, Southern Print makers, Provincetown Art Association, American Water Color Society, Cape Anne Society Modern Art, Allied Artists American, American Artists Professional League (award), Society Western Artists, Salmagundi Club.
Married Mary Polisuk, November 22, 1921. 1 child, Herbert Felix.