This is the 171st most frequent Icelandic word.
flateyri
Flateyri: A small village in Iceland, meaning "flat gravel bank" or "flat sandbank."
Here, 'Flateyri' is used as a proper noun, referring to the name of a specific place.
Ég heimsótti Flateyri í sumar.
I visited Flateyri in the summer.
In this sentence, 'Flateyri' continues to represent a place name but illustrates a historical aspect associated with it.
Í gamla daga var Flateyri þekkt fyrir verslun sína.
In the old days, Flateyri was known for its trade.
Here, 'on Flateyri' is used to describe a location-specific characteristic, focusing on a typical feature of the place.