All conversions in buildings that are multiple dwelling residences which result in nine or more new dwelling units after December 5, 2024, shall provide recreation space in accordance with the provisions of Section 23-63 (Required Recreation Space in Multi-family Buildings). However, such provisions shall be modified as follows:

1. where recreation space is provided outdoors, the minimum amount of recreation space required pursuant to Section 23-63 may be reduced to an equivalent of two percent of the residential floor area of the building; and
2. the provisions of paragraph (d) of such Section need not apply.