CRJ 700 pilot descending at night on a Visual Approach with the PAPI out of service received a Ground Proximity Alert and executed a go around.

Narrative

We were approaching ZZZ; approximate 14 miles southeast on an approach for Runway XX. We were told to go direct to ZZZZZ IAP and to descend to 3;000 ft. Once we called the airport in sight; we were cleared for the approach and intercepted the localizer course for the runway. At the same time; we started a descent to 2;300 ft. which was the FAF altitude for the approach. A loss of situational awareness; the PAPI out of service and; flying at night; lead us to descend too steep to the next altitude of the approach and; triggered an EGPWS alert due to a Tower on the final course at 1251 ft. At first; I thought it was due to the 5G NOTAMS interference making the RA read 1;000 ft. AGL fluctuate. Once I realized we were still 6 miles from ZZZZZ1 FAF and the aural sound of the EGPWS alert; I called the go around; communicated to ATC and we tried it again. We landed uneventfully.After parked at the gate the First Officer and I; discussed what happened and review the precautions that we must take to avoid this scenario from happening again. Things that I would have done differently were to tell the FO to shallow descend (bellow 1.500 fpm) or stay at 3;000 until GS intercept; cross check our position not only with our instruments but; with my EFB. if flying a visual and specially if the PAPI are out of service.