In any district, where 40% or more of the properties fronting upon one side of a street between two street intersections (commonly known as a “block”) and located in such district have been improved with buildings at the time of the passage of this chapter and a front yard of greater depth than the minimum required by the Schedule of Heights, Area and Bulk for such district has been provided for the majority of such buildings, such minimum shall be disregarded and for it shall be substituted the requirement that no building or structure hereafter erected or altered in said portion of such district shall be placed nearer to the street line than the average depth of the front yard established by such majority, except that the minimum depth of the front yard for a dwelling on a lot between two adjoining lots, upon each of which there is a building at the time of passage of this chapter, shall be the average of the depths of front yards provided for such buildings. Where less than 40% of such property has been improved with buildings or where dwellings do not front upon a street, the minimum depth of front yard shall be as required by the Schedule of Height, Area and Bulk.