While Creating a New Database on SQL Server 2012 using SQL Server Management Studio 2008 R2, you might get this error.
Cannot write property IsFileStream.This property is not available on SQL Server 7.0. (Microsoft.SqlServer.Smo)
SQL Server Management is unable to set up the default property while creating a database using previous version of SQL Server Management Studio.
To immediately fix this issue, we can create a database using a Create Database statement using Query Analyzer or we can upgrade a management studio client tool.
In my case, I create a Database using a TSQL statement, which worked perfectly fine.