10:36 AM PT -- Kamiyah Street not only ADMITTED being involved in the murder, according to cops ... but officials say they have VIDEO of the basketball star "during the homicide."
"The Atlanta Police Department identified Kamiyah Street by reviewing surveillance video captured during the homicide," prosecutors tell TMZ Sports.
"Upon questioning, Street admitted her presence and participation in the death of Hubbard-Etienne," prosecutors say.
"Our independent investigation of the shooting and its circumstances clearly indicated Street’s involvement with the death. She was subsequently indicted for Felony Murder."
Officials also say when they found the victim's body, it appeared he had sustained a gunshot wound to the groin area.
Kamiyah Street -- the starting point guard for the Kennesaw State basketball team -- was arrested Thursday in Georgia for felony murder, records show.
Officials believe 20-year-old Street is involved in the July 16 shooting death of 21-year-old Nashiem Hubbard-Etienne, whose body was found in a parking lot of an Atlanta-area apartment complex.
Cops believe the victim was specifically targeted.
Street -- a big star for the KSU Owls -- was arrested Thursday and has been hit with 8 criminal charges including murder, 3 counts of felony murder, criminal attempt to commit armed robbery, 2 counts of aggravated assault with a deadly weapon and possession of a firearm during the commission of a felony.
Cops say 3 other suspects have been arrested and they're still on the hunt for 1 more.
The KSU basketball has suspended Street indefinitely -- which is a big deal considering she's averaged 21 points and 5 rebounds in the first 4 games of the 2019 season.
KSU issued a statement saying, "We were made aware Thursday evening that Kamiyah Street of the KSU women’s basketball team was arrested and is being held, pending charges."
"The individual has been suspended indefinitely from all women’s basketball team and athletic activities. Neither the university nor the athletic department have any additional information at this time."
KSU has already removed Steet from the team's official website.