This is the 497th most frequent Icelandic word.
bæjarins
"Of the town" or "of the village."
Here, 'bæjarins' is used in the genitive case to imply possession of 'by the town'.
Ég fór í bakaríið á horninu að sækja snúð úr bæjarins.
I went to the bakery on the corner to pick up a cinnamon roll from the town's.
In this sentence, 'bæjarins' uses the genitive case to describe that the flowers belong to the town.
Bæjarins blóm voru viðurkennd fyrir fegurð þeirra.
The town's flowers were recognized for their beauty.
Here, 'bæjarins' is again in the genitive case, attributing ownership of the brew to the town.