Special Provisions for Shallow Interior Lots
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In all districts, as indicated, if an interior lot consists entirely of a tract of land:
(a) which was owned separately and individually from all other adjoining tracts of land, both on December 15, 1961, and on the date of application for a building permit; and
(b) which is less than 70 feet deep;
the depth of a required rear yard for such interior lot may be reduced by one foot for each two feet by which the maximum depth of such interior lot is less than 70 feet. No rear yard is required on any interior lot with a maximum depth of 50 feet or less.